FD rates News

Bank FD Rates 2025: Many government-owned banks in India have recently raised their fixed deposit (FD) interest rates, presenting a great opportunity for low-risk investors to secure better returns.  

Key Financial Changes In June 2025: As we approaches June 2025, a series of important financial changes will take effect from today June 1, and they may directly impact how you manage your day-to-day money matters. The new changes are expected to impact individuals and businesses actively engaged in the financial sector. These updates touch on several key areas, including credit card usage, ATM withdrawal charges, LPG prices, fixed deposit interest rates, and Aadhaar car updates. Adding further, the RBI is likely to announce an interest rate cut on June 6 during the monetary policy announcement.  

Check list of banks offering lucrative interest on Fixed Deposit schemes that is valid upto 31 March 2025.

Check list of 6 banks that have revised their fixed deposit rates in January 2025 ahead of the RBI Monetary Policy.

Fixed deposits allow investors to deposit a lump sum amount of money for a set period, earning interest over time. 

Check the latest FD rates being offered by leading banks such SBI, HDFC, ICICI, PNB.

Top banks in India have revised their Fixed Deposit Interest Rates in the month of June and July --Here's checking a list of 9 Indian Banks and their latest FD rates.

The latest FD rates offered by these banks are applicable from 1 July 2024. Check and compare.

SBI in its website has announced Revision in Interest Rates on Retail Domestic Term Deposits (Below Rs. 2 crore) w.e.f. 15.05.2024. The revised interest rates are as under:  

Considering a fixed deposit of Rs 1 lakh, with interest rates varying from 2.50 percent to 8.50 percent per annum, the following monthly interest estimates can provide a clear picture of how much interest you will earn.

SBI has announced Revision in Interest Rates on Retail Domestic Term Deposits Below Rs. 2 crore w.e.f. 27.12.2023.

Bank of Baroda hiked fixed deposit rates, effecting from May 12, 2023. 

On fixed deposits of 7 days to 29 days and 30 days to 3 months, the bank will offer interest rates of 2.50 percent and 3%. Axis Bank would continue to offer interest rates of 3.50 percent and 4.40 percent, respectively. Axis Bank will now offer a 5.60 percent interest rate on deposits maturing in one year, 25 days to less than 15 months, up from 5.25 percent previously.

Axis Bank, Punjab National Bank (PNB), and State bank of India (SBI) have increased the interest rates on certain fixed deposits. 

Central Bank of India pays 2.75 percent interest on term deposits with a maturity of 7 to 14 days. Interest is paid at a rate of 3.25 percent for periods of 46 to 90 days.

Commercial banks are raising their deposit and lending rates in response to the tightening rate environment. ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Punjab National Bank had raised their interest rates on both savings and loans.

FDs maturing in between 271 days to less than a year will now provide returns at a 4.70% rate. Investors will get returns at 4.95% on deposits with a term period of one year to less than 15 months. The interest rate on FDs with a maturity period of 15 months to two years now stands at 5%.

Axis Bank has hiked the interest rate on FD investments with several maturity periods. Investors will get returns of 5.30 per cent on FD investments maturing between 15 months to less than 2 years. The private lender has also increased the interest rate on fixed deposit investments maturing between 5 to 10 years to 5.75 per cent.

On a 5-year tenor or deposit period, senior folks can earn up to 7% interest in Mumbai-based IndusInd Bank. IndusInd provides older folks 7% interest on savings under Rs 2 crore. On deposits of less than Rs 2 crore for a period of 61 months or more, the bank offers 6.50 percent to senior folks.

Banks have hiked their interest rates. State Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Bank of Baroda raised their FD rates.