FD interest rate up to 8.25%: PNB, Kotak Mahindra Bank, DCB Bank revise FD rates These revisions impact various deposit tenures. Punjab National Bank and Kotak Mahindra Bank's updated rates take effect on May 14, 2025. DCB Bank's changes are already in place since May 7, 2025
In a second round of interest rate revisions this month, multiple banks including Punjab National Bank (PNB), Kotak Mahindra Bank have revised fixed deposit interest rates across various tenures. DCB Bank has also updated their fixed deposit (FD) interest rates. The revised rates are effective from different dates — PNB and Kotak Mahindra Bank’s new rates apply from May 14, 2025, while DCB Bank implemented its changes earlier, effective May 7, 2025.
Latest PNB FD interest rates
Punjab National Bank (PNB) has once again revised its fixed deposit (FD) interest rates for retail deposits below Rs 3 crore, just weeks after making similar changes on May 1, 2025. The new rates are effective from May 14, 2025.#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;}
Also read: Kotak revises transaction fees on these credit cards: Check latest fee on Utility, Wallet Loads, and more from June 1, 2025
After revision, Punjab National Bank offers fixed deposit interest rates between 3.50% and 7% for tenures ranging from 7 days to 10 years for general citizens. The highest interest rate of 7% is offered on a tenure of 390 days. Earlier, the highest interest rate of 7.10% was offered on a tenure of 390 days.
For senior citizens, the bank offers interest rates ranging from 4.00% to 7.50%. For super senior citizens, the rates are slightly higher, ranging from 4.30% to 7.80% after revision.
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Domestic/NRO $ Fixed Deposit SchemeSl. NoPeriodRevised Rates For Public w.e.f. 14.05.2025*Revised Rates for Senior Citizens w.e.f. 14.05.2025#Revised Rates for Super Senior Citizens w.e.f. 14.05.202517 to 14 Days3.544.3215 to 29 Days3.544.3330 to 45 Days3.544.3446 to 60 Days4.555.3561 to 90 Days4.555.3691 to 179 Days5.566.37180 to 270 Days66.56.88271 Days to 302 Days6.256.757.059303 Days6.156.656.9510304 Days to 6.256.757.05111 Year6.77.27.512> 1 Year to 389 days6.87.37.613390 days77.57.814391 Days-505 Days6.87.37.615506 Days**6.77.27.516507 Days to 2 year6.87.37.617> 2 years to 3 years6.757.257.5518> 3 years to 1203 days6.256.757.05191204 days**6.156.656.95201205 days to 5 years6.256.757.0521> 5 years to 1894 days66.86.8221895 days**5.856.656.65231896 days to 10 years66.86.8Source: Bank websiteLatest Kotak Mahindra Bank FD interest rates
Kotak Mahindra Bank revised fixed deposit interest rates on deposits below Rs 3 crore.After revision, the bank offers FD interest rate between 2.75% and 7.10% for general citizens for amounts below Rs 3 crore and for senior citizens FD interest rate between 3.25% and 7.60%. The highest interest rate of 7.10% and 7.60% for senior citizens is offered on tenure of 391 days to less than 23 months. Earlier, on the same tenure, the interest rate offered was 7.15%.
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RegularSenior Citizen*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 Days6.50%7.00%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 Months7.10%7.60%23 Months7.10%7.60%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%Source: Bank website
Latest DCB Bank FD rates
After revision, the bank offers FD interest rates between 3.75% and 7.75% for general citizens below Rs 3 crore. For senior citizens, the bank offers FD rates between 4.25% and 8.25%. The highest FD rate of 7.75% and 8.25% for senior citizens is offered on tenure of 15 months to less than 16 months.TenureDeposit Interest RateRate for Senior Citizens (% p.a.)(% p.a.)Single Deposit of less than ₹ 3 Crore7 days to 45 days3.75% 4.25%46 days to 90 days4.00% 4.50%91 days to less than 6 months4.75%5.25%6 months to less than 10 months6.20%6.70%10 months to less than 12 months6.75%7.25%12 months to less than 15 months7.10%7.60%15 months to less than 16 months7.75%8.25%16 months to less than 700 days7.00%7.50%700 days to 24 months7.25%7.75%24 months 1 day to less than 25 months 7.50%8.00%25 months to 60 months7.25%7.75%60 months 1 day to 61 months7.25%7.75%More than 61 months to 120 months7.00%7.50%
Source: Bank website #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;}
This story originally appeared on: India Times - Author:Faqs of Insurances
