Kotak Mahindra Bank customers can earn reward points by using this card at any Indian Oil petrol pump. If you collect more reward points near you, then you can also get petrol for free. However, you will get petrol-diesel equal to the price of that petrol.

Monthly discount up to Rs.500

If you get fuel filled with the help of this credit card, you can get rewards up to Rs 300 every month. However, you will have to fill this fuel at the Indian Oil station itself. On the other hand, if you can get up to Rs 200 monthly or 2% discount on the purchase of groceries, restaurants and other items.

Surcharge waiver and Smart EMI facility

At the same time, surcharge will also be exempted. With 1% discount on surcharge, you can get a monthly discount of up to Rs 100. Interest free loan will be allowed for 48 days. Smart EMI facility is available. Whereas if the card is lost then there is zero liability for you. At the same time, the facility of tap and pay has also been given.

Indian Oil is the world’s largest fuel supply firm

Indian Oil is the world’s largest fuel supplying company, which has 34 thousand gas stations across the country. To further increase the business and to promote online, the company has introduced Fuel Credit Card. Fuel Credit Card has been introduced on RuPay platform.

Rajeev Pillai, head of managing and marketing at the National Payments Corporation of India, has said that Kotak Mahindra and Indian Oil’s RuPay credit card will be given the privilege.

The post Kotak Bank Launched Fuel Credit Card: Indian Oil and Kotak Mahindra launched fuel credit card, you will get big benefits first appeared on Rightsofemployees.com.

In the new year, in the first week of January, many banks including Bandhan Bank, Punjab National Bank, Yes Bank and Kotak Mahindra have announced to increase the interest rate. The increased rates will be applicable for fixed deposits up to ₹2 crore. Some economic analysts predict that RBI may announce or implement another hike in February 2023. Due to this, the possibility of further increase in interest rates has increased in the coming days.

• Punjab National Bank on January 1 announced an increase in the rates of interest on savings accounts and fixed deposits. PNB increased the interest rate on savings account by 25 basis points, while increased the interest rate on FD by up to 50 basis points. The bank is now offering 4 to 8 percent interest rate on FD.
• Indian Overseas Bank (IOB) on January 1 increased the interest rate on short-term FDs of 7 to 90 days by 75 basis points. The bank currently offers a maximum interest of 6.55% on FDs of 444 days. While the additional rates for senior citizens remain at 0.50% and 0.75% respectively.
• On January 1, Punjab and Sindh Bank has announced an increase in the interest on FDs. The bank is currently offering 2.80% to 6.25% interest on Fixed Deposits with maturities ranging from 7 days to 10 years, while the rate for a tenure of 601 days is 7%.
• Bandhan Bank has announced an increase in interest on FDs on January 5, 2023. The bank currently offers 3.00% to 5.85% on FDs maturing in 7 days to 10 years, while for senior citizens it ranges from 3.75% to 6.60%. The bank is giving maximum interest rate of 7.50% to general citizens and 8% interest to senior citizens.
• Kotak Mahindra Bank increased interest rates on savings schemes by up to 50 bps on January 4, 2023. On FDs maturing in 390 days to less than two years, the bank is now offering a maximum interest of 7% to the general public, while the rate for senior citizens is 7.50%.
• Yes Bank has announced a change in the interest rate on FDs up to ₹ 2 crore on January 3, 2023. The bank is offering interest between 3.25% and 7.00% to the general public, while the rate for senior citizens is 3.75% to 7.75% on deposits ranging from 7 days to 120 months.

The post Fixed deposit list of banks: Big news! These banks increased FD interest rates in January 2023 first appeared on Rightsofemployees.com.