- Advertisement -

Kotak Vs DBS Bank Vs Bank of Baroda Fixed Deposit Interest Rate Comparison

- Advertisement -

The RBI’s Monetary Policy Committee (MPC) has increased its key repo rate two times during its two previous review meetings , and is set to hike the rate in the upcoming meeting this week, banks are raising rates on deposits and loans.

In recent times, Kotak Mahindra Bank, DBS Bank and Bank of Baroda also increased rates of interest on fixed deposits.

Here’s a look at the comparison of currently fixed (FD) the interest rate provided from these lendersthree lenders namely Kotak Mahindra Bank, DBS Bank and Bank of Baroda on deposits less than Rs 2 crore

Kotak Mahindra Bank’s Interest Rate on FDs (On Deposits below the amount of Rs. 2 Crore):

7 days to 14 days – For the general public: 2.50 per cent; For Senior Citizens: 3.00 per cent

From 15 to 30 days – For the general public: 2.50 per cent; For Senior Citizens: 3.00 per cent

30 jours to 45 – For the general public: 3.00 per cent; For Senior Citizens: 3.50 per cent

Between 46 and 90 days – General The Public 3.00 Percent; for Senior Citizens 3.50 per cent

From 91 days to 120 days – For the General public: 3.50 per cent; For Senior citizens: 4.00 per cent

Between 121 and 179 days – For the General Population: 3.50 per cent; For Senior Citizens: 4.00 per cent

180 days – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent

Between 181 and 269 days – for General People: 4.75 per cent; For Senior Citizens: 5.25 per cent

270 days – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent

From 271 to 363 days – For the general public: 4.75 per cent; For Senior Citizens: 5.25 per cent

364 days – For General Public: 5.25 per cent; For Senior Citizens: 5.75 per cent

From 365 days to 389 days – the general public: 5.60 per cent; For Senior citizens: 6.10 per cent

390 days (12 months 25 days)– For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent

391 days or less than 23 months – For the general public: 5.75 per cent; For Senior Citizens: 6.25 per cent

23 months – For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent

23 months 1 day or less than 2 years – For the general public: 6.25 per cent; For Senior Citizens: 5.75 per cent

Between 2 and 3 years – For the general public: 5.75 per cent; For Senior citizens: 6.25 per cent

3 years and over but not more than 4 years old – the general public: 5.90 per cent; For Senior Citizens: 6.40 per cent

4 years or more but not older than 5 years old – the general public: 5.90 per cent; For Senior Citizens: 6.40 per cent

5 years and over until and including 10 years – People: 5.90 per cent; For Senior citizens: 6.40 per cent.

DBS Bank’s Interest Rate on FD (On Deposits below 2 Crores of Rs.):

7 days – For General Public: 2.50 per cent; For Senior Citizens: 3.00 per cent

From 8 to 14 days – the general public: 2.75 per cent; For Senior Citizens: 3.25 per cent

Between 15 and 29 days – For the general public: 2.75 per cent; For Senior Citizens: 3.25 per cent

From 30 to 45 days – For the general public: 2.75 per cent; For Senior Citizens: 3.25 per cent

From 46 days to 60 days – General The Public 2.75 percent; Senior citizens: 3.25 per cent

Between 61 and 90 days – For the General public: 3.00 per cent; For Senior citizens: 3.50 per cent

From 91 day to 180 days – For general public: 3.00 per cent; For Senior citizens: 3.50 per cent

From 181 to 269 days – For the General People: 4.75 per cent; For Senior Citizens: 5.25 per cent

From 270 days to less than one year – For the General public: 4.75 per cent; For Senior Citizens: 5.25 per cent

1 year to 375 days – For the general public: 5.75 per cent; For Senior citizens: 6.25 per cent

376 days or under 2 years – For the general public: 6.00 per cent; For Senior Citizens: 6.50 per cent

2 years and six months – For the general public: 6.50 per cent; For Senior Citizens: 7.00 per cent

2 years, 6 months, 1 day under 3 years old – For the general public: 6.50 per cent; For Senior Citizens: 7.00 per cent

3 years or not more than four years – For the general public: 6.25 per cent; For Senior Citizens: 6.75 per cent

From 4 to 5 old – For the general public: 6.25 per cent; For Senior Citizens: 6.75 per cent

 5 years or more – 6.25 per cent; seniors: 6.75 per cent.

the Bank of Baroda’s Interest Rate on FD (On Deposits less than 2 Crores of Rs.):

7 from 14 to 7 days – For the general public: 3.00 per cent; For Senior Citizens: 3.50 per cent

Between 15 and 45 days – For the general public: 3.00 per cent; For Senior Citizens: 3.50 per cent

Between 46 and 90 days – For the General The Public 4.00 Percent; for Senior Citizens 4.50 per cent

From 91 jours to 180 – For general public: 4.00 per cent; For Senior citizens: 4.50 per cent

181 days to 270 day – For the General Public: 4.65 per cent; For Senior citizens: 5.15 per cent

271 days and above and less than one year: 4.65 per cent; For Senior citizens: 5.15 per cent

1 year – For the General People: 5.30 per cent; For Senior Citizens: 5.80 per cent

From 1 year to 400 days – the general public: 5.45 per cent; For Senior Citizens: 5.95 per cent

Over 400 days in length and lasting up to 2 years – For the general public: 5.45 per cent; For Senior Citizens: 5.95 per cent

Over 2 years old and until 3 years – For the general public: 5.50 per cent; For Senior Citizens: 6.00 per cent

Over 3 years and up to 5 years – the general public: 5.50 per cent; For Senior Citizens: 6.00 per cent

Between 5 and up to 10 years old – For the general public: 5.50 per cent; For Senior Citizens: 6.00 per cent

Over 10 years old – (MACTor MACAD Court Order Schemes only) For the general public: 5.10 per cent; For Senior citizens: 5.60 per cent.

The MPC in its most recent review of policy in June increased the repo rate of key to 50 basis points (bps) that was the second time in about a month of having raised 40 basis points during an off-cycle review of policy in May.

Retail inflation in June was 7.01 per cent.

This is less than 7.04 percent recorded in May, however it is more than the RBI’s rate of 2-6 per cent.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest

- Advertisement -

More Articles