Kotak Bank Extends Impressive Interest Rates for Savings Accounts
High Yielding Savings Accounts with Flexible Access
Kotak Bank has announced a stellar interest rate of 3.50% per annum for savings accounts. Customers can also enjoy an additional interest rate of up to 7%, similar to Fixed Deposits (FDs), on their surplus savings. This offer brings the effective interest rate to an impressive 7% per annum.
FD-like Returns without Locking Funds
Unlike traditional FDs, Kotak Bank's savings account allows customers to access their funds whenever they need them, while still earning FD-like returns. This flexibility provides convenience and liquidity, while maximizing savings growth.
Digital Banking Convenience
Kotak 811 is a fully digital savings account that offers the convenience of online banking. Customers can manage their finances from anywhere, anytime, and enjoy the same high interest rates as traditional savings accounts.
Attractive Interest Rates at Various Balances
The interest rates on Kotak Bank savings accounts vary based on the account balance. Customers can earn higher interest rates by maintaining a higher balance in their account. It's important to note that the interest rates may be subject to change over time.
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