FD News
FD rates are applicable for deposits less than Rs 3 crore. Canara bank has made reduction in its FD rates which now range between 3.25-6.5 percent for general customers, and 3.25-7 percent for senior citizens.
In times of massive lay offs all around the industry, an emergency fund can offer you the much needed financial cushion. This fund will provide mental security for both you and your dependents. Among several financial instruments of building an emergency fund, Sweep-In FDs are one. Let's understand it in details.
SBI has slashed interest rates for select tenors on fixed deposits below Rs 3 crore effective from 15 July 2025. Here's the full SBI FD interest rate chart.
SBI has slashed interest rates on fixed deposits below Rs 3 crore and interest rates on Savings account effective from 15 June 2025.
Here’s a look at the 10 small finance banks that are offering high FD rates to senior citizens.
Here's a list of 5 major Indian banks that have reduced the interest rates on FDs post RBI Monetary Policy announcement of reduction in repo rates by 50 basis points to 5.50 percent.
After the rate cut, HDFC Bank now offers FD interest rates between 2.75 percent and 6.15 percent for regular customers, while senior citizens can earn between 3.25 percent and 6.65 percent.
The latest FD rates are applicable from 10 June 2025, as per ICICI Bank website.
As per media reports, a relationship manager ICICI bank duped customers of more than Rs 4 crore, exploiting their Fixed Deposit money.
The latest FD rates are applicable from May 27, as per ICICI Bank website.
Senior citizen, looking to reap lucrative interest rates on fixed deposit may take note of the interest rates paid by 5 small finance banks.
Canara bank has reduced fixed deposit rates for general citizens and senior citizens effective from 19 May 2025.
Several banks come up with special schemes from time to time to attract customers. One of the primary reasons these special schemes are appealing is the higher interest rates they offer to customers.
SBI 444-Day Tenor Amrit Vrishti FD Scheme is available from 15 April 2025, though customers will reap lower interest rates vis-a-vis what was offered in 2024.
Several banks have rolled back their special FD, senior citizen FD and other offerings. However 4 Indian banks continue to offer special Fixed Deposit schemes for citizens. Check them out.
India's largest public sector lender State Bank of India has reintroduced the Amrit Vrishti FD Scheme from 15 April 2025, but lowered the interest rates that the bank had first offered in 2024.
Also, the public sector bank has reduced Rate of Interest on its short-term & medium-term Fixed Deposits for various maturities w.e.f 15th April 2025.
Customers can open a fixed deposit through the Bank’s digital channels including the bob World app and the Bank’s Internet Banking platform as well as at any Bank of Baroda branch.
Check list of banks offering lucrative interest on Fixed Deposit schemes that is valid upto 31 March 2025.
Here is a list of small finance banks in India and their fixed deposit interest rates.
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