Kotak Mahindra Bank has decided to continue 6% interest rate p.a. on savings account balances above Rs 1 lakh and up to Rs 1 crore. The company’s focus continues to be on building a quality retail franchise hence it has held savings interest rate in the retail segment. Effectively, 99.9% of savings account customers continue to enjoy the same savings interest rate as before.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
