At the end of the festive season, banks are once again adjusting FD rates, loans. On Sunday, Yes Bank was notified of changes in FD prices. On Monday, Kotak Mahindra Bank also shared information on mortgage lending rates. The new trees will go into effect from November 9 to December 10.

They have to pay more EMI on the mortgage loan

The new loans of Kotak Mahindra Bank will be 6.55%. That was only 6.50% until November 8. So, if you take out a loan now, then your monthly EMI will be higher. People whose debt was approved until November 8, should pay interest at a rate of 6.50%.

Kotak Mahindra Bank’s new rates will go into effect on Tuesday. These prices will be used for new home loans and loan transfers. The bank claims that Kotak Home Loans are readily available in 180 cities and towns.

Read more: New prices for petrol and diesel are being released, with petrol going down by Rs 33.38, diesel by Rs 77.13 per liter.

How much interest does Yes Bank pay on FDs less than Rs 2 crore?

On FDs 7 to 14 days – 3.25%

On FDs from 15 days to 45 days – 3.50%

On FDs 46 to 90 days – 4%

Over 3 months Less than 6 months – 4.50%

6 months or more but less than 9 months – 5%

9 months or more but less than one year – 5.25%

One year or more but less than 3 years – 6.00%

On FDs from 3 to 10 years – 6.25%

Good extras for adults

Extra interest is provided on FD for adults and the bank. For FDs less than Rs 2 crore for 7 days to 10 years, interest from 3.75% to 7% is provided by the bank. Tell you what, at the beginning of June 3, 2021, Yes, the Bank changed its deposit rates.


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