FD interest rate up to 8.55%: YES Bank, DCB Bank revise FD interest rates; check details Several banks including YES Bank and DCB Bank have revised their fixed deposit (FD) interest rates in January 2025 to attract more depositors
The new year brings good news for fixed deposit (FD) account holders. Many banks have revised their FD interest rates in January 2025 to attract more depositors. YES Bank and DCB Bank are the latest ones to join the bandwagon. Yes Bank has revised its fixed deposit interest rates for less than Rs 3 crore; the new rates take effect from January 31, 2025, according to the bank’s website. The private-sector lender DCB Bank has also revised its FD interest rates, effective from January 29, 2025, according to the bank’s website.Budget with ET
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However, ahead of the Reserve Bank of India (RBI)’s Monetary Policy Committee meeting on February 7, 2025, several banks, including Union Bank of India, PNB, Axis, Shivalik Small Finance Bank, Karnataka Bank, and Federal Bank, have revised their interest rates on fixed deposits.Read more –Ahead of RBI MPC meeting in Feb, these 6 banks have revised FD rates in January
YES Bank latest FD interest rates
After revision, YES Bank offers annual interest rates between 3.25% and 8% for FD amounts below Rs 3 crore for general citizens for tenures ranging from 7 days to 10 years, compared 3.25% and 7.75% earlier. The bank offers the highest interest rate of 8% for a tenure of 18 months.For senior citizens, the bank offers interest rates between 3.75% and 8.50% per annum for amounts below Rs 3 crore, compared to 3.75% to 8.25% earlier. The highest interest rate of 8.50% per annum is offered on tenure of 18 months for senior citizens.

Tenure | Regular | Senior Citizen** |
Interest Rates (%P.A.)* | Interest Rates (%P.A.)* | |
7 days to 14 days | 3.25% | 3.75% |
15 days to 45 days | 3.70% | 4.20% |
46 days to 90 days | 5.00% | 5.50% |
91 days to 120 days | 5.00% | 5.50% |
121 days to 180 days | 5.00% | 5.50% |
181 days to 271 days | 6.25% | 6.75% |
272 days to < 1 year | 6.50% | 7.00% |
1 year | 7.75% | 8.25% |
1 year 1 day to < 18 months | 7.75% | 8.25% |
18 months | 8.00% | 8.50% |
18 months 1 day to < 24months | 7.75% | 8.25% |
24 months to < 36 months | 7.25% | 7.75% |
36 months to < 60 months | 7.25% | 8.00% |
60 months | 7.25% | 8.00% |
60 months 1 day to <= 120 months | 7.00% | 7.75% |
DCB Bank’s latest interest rate on FDs
After revision, DCB Bank offers interest rates between 3.75% and 8.05% on FD amounts below Rs 3 crore for general citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 8.05% on FDs is offered on a tenure of 19 months to 20 months.For senior citizens, the bank offers interest rates between 4.25% and 8.55% for amounts below Rs 3 crore. The highest interest rate of 8.55% is offered on a tenure of 19 months to 20 months.
Tenure | Deposit Interest Rate | Rate for Senior Citizens (% p.a.) |
(% p.a.) | ||
Single Deposit of less than | ||
₹ 3 Crore | ||
7 days to 45 days | 3.75% | 4.25% |
46 days to 90 days | 4.00% | 4.50% |
91 days to less than 6 months | 4.75% | 5.25% |
6 months to less than 10 months | 6.20% | 6.70% |
10 months to less than 12 months | 7.25% | 7.75% |
12 months | 7.10% | 7.60% |
More than 12 months to 12 month 10 days | 7.75% | 8.25% |
12 months 11 days to 17 months | 7.15% | 7.65% |
17 months 1 day to 18 months 5 days | 7.10% | 7.60% |
18 months 6 days to less than 19 months | 7.40% | 7.90% |
19 months to 20 months | 8.05% | 8.55% |
20 months 1 day to less than 700 days | 7.40% | 7.90% |
700 days to 26 months | 7.50% | 8.00% |
More than 26 months to less than 37 months | 8.05% | 8.55% |
37 months to 38 months | 8.05% | 8.55% |
More than 38 months to less than 61 months | 8.05% | 8.55% |
61 months | 7.65% | 8.15% |
This story originally appeared on: India Times - Author:Faqs of Insurances