IndusInd Bank raises FD interest rates on select tenures and Kotak Mahindra Bank reduces FD rate on select tenures Kotak Mahindra Bank marginally reduced one tenure's rate and introduced a new short-term FD option
Two prominent private sector banks—IndusInd Bank and Kotak Mahindra Bank—have recently revised their fixed deposit (FD) interest rates. These changes reflect evolving market dynamics and potential shifts in liquidity and interest rate expectations.#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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IndusInd Bank has revised its FD interest rates for deposits less than Rs 3 crore, marking its first rate change since February 2025. The new rates, effective April 29, 2025, apply to both general and senior citizen depositors and show a mixed trend of increases and reductions across various tenures.
Kotak Mahindra Bank, meanwhile, has opted for a more agile approach, implementing its third rate revision in April 2025 . The latest change, effective April 30, 2025, involves a marginal 10 basis point cut on a specific tenure, along with the introduction of a new short-term FD option.
Also read: FD rates revised: Union Bank offers up to 7.85%, RBL Bank up to 8.5% after revision for these customers
IndusInd Bank FD rates
After revision, the bank offers FD interest rate between 3.50% and 7.75% for general citizens for amounts less than Rs 3 crore and FD interest rate between 4% and 8.25% for senior citizens. The highest FD interest rate of 7.75% and 8.25% is offered on tenure of 1 Year 3 months (15 months) to below 1 Year 4 months (16 months). The new rates are applicable from April 29, 2025.a:hover{text-decoration:none;} .liveEventMain_widget{margin-top:15px;padding-top:24px;border-top:2px solid #000;position:relative;font-family:Montserrat;} .liveEvent_slider{position:relative;overflow:hidden;} .liveEvent_slider ul{white-space:nowrap;list-style:none;margin-top:12px;} .liveEvent_slider ul.sliderContainer{margin-bottom:30px;} .liveEvent_slider ul li{white-space:normal;width:282px;vertical-align:top;display:inline-block;margin-right:12px;border-radius:12px;box-shadow: 0px 4px 12px 0px #2407461F;background-color:#fff;overflow: hidden;} .images_wrap{position:relative;} .images_wrap .cover_img{object-fit:cover;object-position:center;border-top-left-radius:4px;border-top-right-radius:4px;} .images_wrap .author_img{position:absolute;left:10px;top:13px;border-radius:10px;} .images_wrap::before{background-image: linear-gradient(180deg, rgba(11, 11, 46, 0) 20.31%, rgba(11, 11, 46, .6) 61.46%, #0b0b2e);content: "";height: 100%;left: 0;position: absolute;right: 0;width: 100%;} .liveEventMain_widget .details{padding:12px;} .liveEventMain_widget .category{font-size:12px;line-height:14px;font-weight:700;color:#6a11b0;margin-bottom:8px;} .liveEventMain_widget .course_name{font-size:16px;line-height:20px;font-family:Faustina;-webkit-line-clamp:2;overflow:hidden;height:40px;display:-webkit-box;-webkit-box-orient:vertical;font-weight:600;color:#000;} .liveEventMain_widget .details .author_name{font-size:13px;line-height:16px;color:#333;font-weight:400;margin-top:4px;-webkit-line-clamp:2;overflow:hidden;height:32px;display:-webkit-box;-webkit-box-orient:vertical;} .liveEventMain_widget .view{border: 1.5px solid #D51131; display: block; padding: 8px 0; text-align: center; border-radius: 4px; font-size: 14px; line-height: 16px; color: #D51131; margin-top: 12px; width: 100%; font-family: Montserrat; font-weight: 600; cursor: pointer;} .liveEventMain_widget .view span{display: inline-block; width: 6px; height: 6px; border-top: 1.5px solid #ed193b; border-left: 1.5px solid #ed193b; transform: rotate(90deg); position: relative; left: 5px; top: -2px;} .liveEventMain_widget .view span::after{content: ''; display: inline-block; width: 11px; border-top: 1.5px solid #ed193b; transform: rotate(45deg); position: absolute; top: 3px; left: -2px;} .liveEventMain_widget .arrow_btn{width: 26px; height: 25px; position: absolute; z-index: 11; background-size: 312px; cursor: pointer;} .liveEventMain_widget .nextprev-btn{display:inline-block;width: 100%; position: absolute; top: 59%;} .liveEventMain_widget .prev-btn{background-position: -212px -2px;left: -12px;} .liveEventMain_widget .next-btn{background-position: -241px -2px; right: -3px;left:unset;} .liveEventMain_widget .arrow_btn.disable{opacity:0.5;} .liveEventMain_widget .ts-dots{display:inline-block;position:absolute;top:34px;right:10px;} .liveEventMain_widget .ts-dots ul{display:inline-block;} .liveEventMain_widget .ts-dots li{width:7px;height:7px;border-radius:50%;background-color:#cdcdcd;margin:0 2px;display:inline-block;} .liveEventMain_widget .ts-dots li span{display:none;} .liveEventMain_widget .ts-dots li.active{background-color:#ed193b;} .liveEventMain_widget .topContain { display: flex; align-items: center; gap: 6px; } .liveEventMain_widget .topContain .imgBox { max-width: 40px; } .liveEventMain_widget .topContain .logoTitle { font-family: "Montserrat", "Verdana"; font-weight: 700; font-size: 20px; line-height: 100%; } .liveEventMain_widget .topContain .logoSubTitle{ position: relative; font-size: 18px; font-weight: 500; line-height: 1.2; color: #747474; margin-left: 24px; } .liveEventMain_widget .topContain .logoSubTitle:before{ content:''; position: absolute; left: -13px; top: 0; width: 1px; height: 100%; background-color: #838383; } .liveEventMain_widget .liveEvent_slider .liveEventCardContainer{ } .liveEventMain_widget .liveEvent_slider .liveEventCardContainer .liveEventCard{ display: flex; } .liveEventMain_widget .liveEvent_slider .liveEventCardContainer .liveEventCoverImg{ }
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Increases in FD interest rates on these tenures
For fixed deposits with a tenure of 61 to 90 days, IndusInd Bank has increased the interest rate from 4.75% to 5%.For the 61 to 90 days tenure, the rate has been raised significantly from 4.75% to 7%. For FDs with a tenure of 121 to 180 days, the rate has been increased from 5% to 7%.
For FDs with a tenure of 181 to 210 days, the interest rate has gone up from 5.85% to 7%.
For fixed deposits with a tenure of 211 to 269 days, the rate has risen from 6.1% to 7%.
For fixed deposits with a tenure of 270 to 354 days tenure, the rate has increased from 6.35% to 7%.
For fixed deposits with a tenure of 355 to 364 days tenure, the rate has been revised upward from 6.5% to 7%.
Also read: Ujjivan Small Finance Bank cuts FD rates by up to 20 bps, senior citizens can still get 8.55% interest on fixed deposits
FD interest rate reductions
For tenures of 1 year to below 1 year 3 months, 1 year 4 months to below 1 year 5 months, 1 year 5 months to below 1 year 6 months, and 1 year 6 months up to 2 years, the interest rate has been reduced from 7.75% to 7.5%.
For the tenure above 3 years 3 months to below 61 months and the Tax Saver (5 years) scheme, the rate has been reduced from 7.25% to 7.1%.
GeneralSenior citizens TenureRateRate7 days to 14 days3.5415 days to 30 days3.5431 days to 45 days3.754.2546 days to 60 days4.755.2561 days to 90 days55.591 days to 120 days77.5121 days to 180 days77.5181 days to 210 days77.5211 days to 269 days77.5270 days to 354 days77.5355 days to 364 days77.51 Year to below 1 Year 3 months7.581 Year 3 months (15 months) to below 1 Year 4 months (16 months)7.758.251 Year 4 months to below 1 Year 5 months7.581 Year 5 months to below 1 Year 6 months7.581 Year 6 Months up to 2 Years7.58Above 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 month7.17.661 month and above77.5Indus Tax Saver Scheme (5 years)7.17.6
Kotak Mahindra Bank FD rates
After revision, the bank offers FD interest rate between 2.75% and 7.15% for general citizens for amounts below Rs 3 crore and for senior citizens FD interest rate between 3.25% and 7.65%. The new rates are applicable from April 30, 2025.This time, the bank has reduced only one tenure by 10 bps on tenure of 390 Days (12 months 25 days) from 7% to 6.9%. The bank has introduced a new tenure of 91 days offering 5% FD interest rates for general citizens, for senior citizens the bank offers 5.50% on the same tenure.
Maturity Periods - Premature Withdrawal AllowedLess than Rs.3 Crore#Less than Rs.3 Crore#7 - 14 Days2.75%3.25%15 - 30 Days3.00%3.50%31 - 45 Days3.25%3.75%46 - 90 Days3.50%4.00%91 Days5.00%5.50%92 Days - 179 Days4.25%4.75%180 Days7.00%7.50%181 Days to 269 Days6.00%6.50%270 Days6.00%6.50%271 Days to 363 Days6.00%6.50%364 Days6.50%7.00%365 Days to 389 Days6.80%7.30%390 Days (12 months 25 days)6.90%7.40%391 Days - Less than 23 Months7.15%7.65%23 Months7.15%7.65%23 months 1 Day- less than 2 years7.05%7.55%2 years- less than 3 years6.90%7.40%3 years and above but less than 4 years6.90%7.40%4 years and above but less than 5 years6.90%7.40%5 years and above upto and inclusive of 10 years6.20%6.70%
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This story originally appeared on: India Times - Author:Faqs of Insurances
