Kotak Mahindra Bank has revised interest rate on fixed deposits (FD) on select maturities effective 18th October. Earlier, the bank had revised the FD rates on 13th September.
Here are the latest FD rates for general public below Rs 2 Crore:

• 7 – 14 days 3.50%,
• 15 – 30 days 4.00%,
• 31 – 45 days 5.00%,
• 46 – 90 days 5.25%,
• 91 – 120 days 5.50%,
• 121 – 179 days 5.60%,
• 180 days 6.25%,
• 181 days to 269 days 6.25%,
• 270 days 6.25%,
• 271 days to 363 days 6.35%,
• 364 days 6.75%,
• 365 days to 389 days 6.75%,
• 390 days (12 months 25 days) 6.75%,
• 391 days – Less than 23 months 6.70%,
• 23 months 6.70%,
• 23 months 1 day- less than 2 years 6.70%,
• 2 years- less than 3 years 6.50%,
• More than 3 years but less than 4 years 6.25%,
• More than 4 years but less than 5 years 6.25%,
• More than 5 years and inclusive of 10 years 6.25%

Senior citizens continue to get 50 basis points higher interest rates than the general public. The bank offers interest rates from 4.00 per cent to 7.25 per cent on FDs maturing in 7 days to 10 years.
State Bank of India (SBI), HDFC Bank, Axis Bank, Punjab National Bank (PNB), IndusInd Bank are some of the banks which revised fixed deposit rates in October.
Read EquityPandit’s Nifty Bank Outlook for the Week