The Hindu Business Line : Kotak Mahindra deposit plans

Kotak Mahindra Bank on Wednesday launched "Twin win term deposit offer", under which a customer can avail an interest rate of 8.5 per cent for deposits with a maturity of 1001 days (3 years and one week) and 8 per cent for 299 days.

"For senior citizens, the bank will offer an interest rate of 8.75 per cent for 1001 days," said a press release by the bank. "The Twin win term deposit offer will appeal to every one looking for a double advantage and an option of higher return in a shorter period," said Mr K.V.S. Manian, Head-Retail Liabilities and Branch Banking, Kotak Mahindra Bank.

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Kotak Mahindra deposit plans