Chandigarh, Chandigarh, India, Friday, 22 December, 2006 (InfoMailers.com)::
Kotak Mahindra Bank Limited, one of India’s leading financial institutions today proclaimed one of the virtually all attractive term dump schemes in the united states- The Twin Win offer. Client may nowadays be breaa to avail the Twin-win benefit in which the company might provide favorite rate of interest of 8.50% for a period of 100Single years (Tercet years, 1 week) & help the term deposit of 8% for 299 years.
The bank has besides initiated the favorite offering for oldster in which they have had an rate of interest of Octet.75% for a period of 1001 years, Twenty-five basis points higher than the term dump. Altogether these offers are available through all the 89 branches of Kotak Mahindra Bank within 62 locations.
K V S Manian, Head Retail liabilities & Branch banking, Kotak Mahindra Bank says, “A just released Twin win term dump offer will further strengthen my focus to provide better comes back to our existent & newly customers. the Twwithin-win term dump offer may unquestionably appeal to every one wanting to find the double benefit and an guide of higher go to in a shorter period. Too, across our attractive term dump rates, i personally hope to attract numerous freshly client world health organization would avail of our services because of superior products, client services and state of art technology. “
Tenure Rate Rate (Sr. Citizen’s)
1001 years (Trey years Septet years) Octonary.50 % Octad.75%
299 times 8% 8%
Kotak Mahindra Bank across its sooner term dump offering of 8% for 299 years got generated swell interest among a client and a bank experienced garnered material total of deposits; a bank too had got real amount of fresh customers. The bank is once more expecting an enthusiastic response from either its client; likewise this is a share of its aggressive customer acquisition strategy.
A rate of 8.50% for 1001 years & Ogdoad.75% for 1001 years for oldster is one of a virtually all attractive rate of interest existence offered by banks in the current scenario. A term deposit is available at all the Kotak Mahindra Bank branches through India. Along by having reinvestment choices, the company too offers the interest payout on the monthly & quarterly basis.
An additional attraction of the term deposit is that Non Resident Indians (NRI) can invest therein scheme across their Non Resident Ordinary (NRO) deposits. Also, client will have an overdraft facility against this term dump available as much as 85% at 2% above the term dump rate. Completely customers of a bank is breathe to book the term dump through phone banking & internet.
Kotak Mahindra is one of India’s leading fiscal institutions, offering complete financial solutions that encompass every sphere of life. From either commercial banking, to futures broking, to mutual funds, to life assurance, to investment banking, a class action caters to the financial needs of individuals and corporates.
the class action has a nett worth of all over Rs. 2,900 crore, employs about 8,800 people inside its various businesses & has a distribution network of branches, franchisees, representative agents & satellite agents through 282 cities & towns in India and agents in New York, London, Dubai and Mauritius.
For farther information, please call for:
Manpreet Kochar
Kotak Mahindra Bank
Tel: +91 22 67595154
manpreet.kochaer@kotak.com
Newspaper column Call for :
QuikRelations
Chandigarh
+91-98140-08919
pr@quikgroupindia.
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