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Kotak Mahindra Bank Holds Retail Savings Rate despite Falling Trend

In an environment where interest rates are on a downward trajectory, Kotak Mahindra Bank (KMB) today announced that its customers will continue to enjoy 6% interest rate p.a. on savings account balances above Rs. 1 lakh and up to Rs 1 crore. Effectively, 99.9% of our savings account customers continue to enjoy the same savings interest rate as before.

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