Ing Vysya Bank Rate of Interest

Can you provide me the Interest Rates for Domestic / NRO / NRE Term Deposits in ING Vysya Bank (now Kotak Mahindra Bank) as I want to know it before applying for anything in it?

[Shaleen]

ING Vysya Bank, as of April 2015, has merged with Kotak Mahindra Bank. All its products, services, branches, ATMs, outlets and operations will carry on under the Kotak Mahindra Bank banner.

Kotak completed the merger through an all-stock buyout of ING Vysya Bank. The deal, estimated at a value of Rs.15,000 crores, was proposed in Nov. 2014 and was completed this year after receiving appropriate approvals from RBI.

Interest Rates for Domestic / NRO / NRE Term Deposits effective from 08th April 2016 (subject to change from time to time)

Regular

Maturity Periods - Premature Withdrawal Less than Rs. 1 Crore# Annualised Yield
Allowed

7 - 14 Days 4.00% 4.00%

15 - 30 Days 4.50% 4.50%

31 - 45 Days 5.50% 5.50%

46 - 90 Days 6.50% 6.50%

91 - 120 Days 7.00% 7.00%

121 - 179 days 7.00% 7.00%

180 Days 7.30% 7.30%

181 Days to 269 Days 7.30% 7.43%

270 Days 7.30% 7.43%

271 Days to 363 Days 7.50% 7.64%

364 Days 7.60% 7.74%

365 Days to 389 Days 7.75% 7.98%

390 Days (12 months 25 days) 7.75% 7.98%

391 Days - Less than 23 Months 7.50% 7.71%

23 Months 7.50% 7.71%

23 months 1 Day- less than 2 years 7.50% 7.71%

2 years- less than 3 years 7.50% 7.71%

3 years and above but less than 4 years 7.50% 7.71%

4 years and above but less than 5 years 7.50% 7.71%

5 years and above upto and inclusive of 10 years 7.25% 7.45%
Interest Rates for Domestic / NRO / NRE Term Deposits - Premature Withdrawal Allowed