Kotak Mahindra Savings Account Interest Rate

Posted : admin On 4/12/2022

Kotak Mahindra Bank Savings Account Interest Rate. Interest rates on savings bank deposits vary from bank to bank and also vary with type of account. Interest rates range from 3 to 6% per annum. Dec 11, 2020, interest rate of 4% p.a. Will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 1 crore while interest rate on daily balances in Savings Account above Rs.

  • May 25, 2020, interest rate on daily balances in Savings Account stands revised as follows: Daily balances in excess of Rs. 1 lakh will earn 4% interest p.a. And daily balances up to Rs. 1 lakh will earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
  • Kotak Mahindra Bank Cuts Down Interest Rates on Savings Account May 26, 2020 Amid the falling rate regime that we are facing in the COVID 19 Times, a yet another leading bank – Kotak Mahindra Bank has cut down interest rates on Savings Bank Account to 3.50 percent for balance up to Rs 1 lakh, w.e.f May 2020.
  • MUMBAI: Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit.
Savings

Kotak 811 is a digital zero balance savings account that you can open online. The online savings account opening process is seamless, zero-contact and barely takes a few minutes. Just keep your PAN card & Aadhaar number handy and complete a few steps to open the instant savings account from the comfort of your home or office.


Kotak 811 is a zero balance saving account. This means that you don’t have to pay any penalties for not maintaining a minimum balance. In fact, you don’t have to maintain an average balance. However, if you do maintain a balance, you can earn higher than average interest on your savings and explore Fixed Deposits and other investment offers with us.


AccountMahindra

Kotak 811 is one of the best online savings bank account in India. Your 811 savings bank account is protected by the latest technology and you can open a savings account without any worry.


So, what are you waiting for? Open an online savings account with Kotak 811 and start banking with the best bank for savings account in India.

Kotak Mahindra Saving Account Interest Rate 2019

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Kotak Mahindra Savings Account Interest Rate Comparison

*Disclaimer

Kotak Mahindra Savings Account Interest Rate India

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