Kotak Mahindra Bank FCNR Rates

Hi buddy here I have come to know Kotak Mahindra Bank FCNR Rates , as my one of the NRI friend asking me for the same , so would you plz tell me about it ??

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, Reserve Bank of India (RBI) gave the licence to Kotak Mahindra Finance Ltd.

FCNR (Foreign Currency Non Resident) account is a fixed deposit account offered by Kotak Mahindra Bank to non resident Indians (NRIs) and is operated in foreign currency.

Kotak Mahindra Bank FCNR Rates
1 Year 2 Years 3 Years 4 Years 5 Years
1.80% 1.80% 1.80% 1.80% 1.60%

Bank profile:

Type Private sector Bank

Traded as BSE: 500247

NSE: KOTAKBANK

Industry Banking, Financial service

Founded 1985 (as Kotak Mahindra Finance Ltd)

Headquarters Mumbai, India

Key people Uday Kotak (Founder & Executive Vice Chairman & MD)

Dipak Gupta (Joint MD)

Jaimin Bhatt (President & Group CFO)

Shanti Ekambaram (President - Consumer Banking)

KVS Manian (President - Corporate, Investment & Institutional Banking)

Mohan Shenoi (Chief Operating Officer)

Gaurang Shah (President - Asset Management, Insurance and International Business)

D Kannan (Group Head - Commercial Banking)

Arvind Kathpalia (President &Group Chief Risk Officer)

Products Deposit accounts, Loans, Investment services

Revenue 27,974.52 crore (US$4.4 billion)(2016)

Net income 3,431.12 crore (US$540 million)(2016)

Total assets US$15.8 billion(2015)

Number of employees 46,500+ (2016)

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