Repo rate hike: This leading private sector bank raises interest rates on deposits Repo rate hike: This leading private sector bank raises interest rates on deposits The rate on bank deposits is rising as a result of the RBI's major policy rate hike. Kotak Mahindra Bank raises deposit interest rates. Continue reading to learn more. Henil Shah / Friday, June 10, 2022 0 818 Article rating: 5.0 The rate on bank deposits is rising as a result of the RBI's major policy rate hike. Kotak Mahindra Bank raises deposit interest rates. Continue reading to learn more. Read more