Get FD interest rate up to 9.10%: 6 banks that have not cut fixed deposit rate after RBI MPC repo rate cut While some banks have discontinued or extended special FD schemes, others continue to offer competitive rates, particularly for senior citizens. Utkarsh Small Finance Bank offers the highest interest rates, reaching up to 9
In the current interest rate cycle, major banks such as HDFC Bank, Yes Bank, PNB, Canara bank have cut their fixed deposit interest rates. Here are a few banks that have not changed their fixed deposit (FD) rates. With the Reserve Bank of India (RBI) recently cutting the repo rate from 6.25% to 6%, there is a strong possibility that even these banks may soon begin cutting their fixed deposit (FD) interest rates. Here's a look at the latest FD rates and updates from top banks like SBI, ICICI Bank, IDBI Bank, and IndusInd Bank.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
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State Bank of India
The State Bank of India (SBI) last revised its FD rates on June 15, 2024. Currently, it offers interest rates between 3.5% and 7% for general citizens and 4% to 7.5% for senior citizens. While the Amrit Kalash special FD scheme has been discontinued, the bank continues with the Amrit Vrishti scheme. This special FD has a tenure of 444 days, offering 7.25% per annum for regular investors, 7.75% for senior citizens, and 7.85% for super senior citizens (aged 80 and above). The scheme was launched on July 15, 2024.TenorsRevised Rates for Public w.e.f. 15/06/2024Revised Rates for Senior Citizen w.e.f. 15/06/20247 days to 45 days3.5446 days to 179 days5.56180 days to 210 days6.256.75211 days to less than 1 year6.571 Year to less than 2 years6.87.32 years to less than 3 years77.53 years to less than 5 years6.757.255 years and up to 10 years6.57.50*
ICICI Bank
ICICI Bank, which last revised its FD rates on April 11, 2025, provides interest rates ranging from 3% to 7.25% for general citizens (for deposits below Rs 3 crore), while senior citizens are offered interest rates ranging from 3.5% to 7.85%.
TenureWith Premature Withdrawal facility General CitizenSenior Citizen7 to 29 Days3%3.50%30 to 45 Days3.50%4%46 to 60 Days4.25%4.75%61 to 90 Days4.50%5%91 to 184 Days4.75%5.25%185 to 270 Days5.75%6.25%271 Days to 6%6.50%1 Year to 6.70%7.20%15 Months to 7.25%7.85%HIGHESTHIGHEST18 Months to 2 Years7.25%7.75%2 Years 1 Day to 5 Years7%7.50%5 Years 1 Day to 10 Years6.90%7.40%5Y (Tax Saver FD)7%7.50%
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IDBI Bank
IDBI Bank has also not made any recent changes to its FD rates, with the last revision occurring on December 23, 2024. It offers 3% to 7% interest for general citizens and 3.5% to 7.50% for senior citizens on deposits below ?3 crore. The bank has extended its Utsav Callable FD scheme—a special deposit option offering higher returns—until April 30, 2025.The special deposit tenures introduced under the Utsav Callable FD scheme will continue until April 30, 2025, as per the IDBI Bank.
IndusInd bank FD rates
IndusInd Bank, which last updated its FD rates on February 2, 2025, is currently offering 3.5% to 7.75% for general depositors and 4% to 8.25% for senior citizens, making it one of the more competitive options among private sector banks.
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DOMESTIC(RESIDENT) NRE/NRO depositsTenureRate7 days to 14 days3.515 days to 30 days3.5431 days to 45 days3.754.2546 days to 60 days4.755.2561 days to 90 days4.755.2591 days to 120 days4.755.25121 days to 180 days55.5181 days to 210 days5.856.35211 days to 269 days6.16.6270 days to 354 days6.356.85355 days to 364 days6.571 Year to below 1 Year 3 months7.758.251 Year 3 months (15 months) to below 1 Year 4 months (16 months)7.758.251 Year 4 months to below 1 Year 5 months7.758.251 Year 5 months to below 1 Year 6 months7.758.251 Year 6 Months up to 2 Years7.758.25Above 2 Years to below 2 Years 6 Month7.257.752 years 6 Months (30 months) to below 2 years 7 months (31 months)7.257.752 year 7 months to 3 years 3 months7.257.75Above 3 years 3 months to below 61 month7.257.7561 month and above77.5Tax Saver (5 Years)7.257.75
Union Bank of India
The bank offers interest rate between 3.5% and 7.30% on tenures ranging from 7 days to 10 years. The highest interest rate of 7.30% is offered on tenure of 456 days for general citizens. The revised rates are applicable from January 1, 2025.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank offers interest rate between 4% and 8.50% for general citizens and for senior citizens, the bank offers interest rate between 4.60% and 9.10%. The rates were last revised on June 7, 2024.
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This story originally appeared on: India Times - Author:Faqs of Insurances
