FD interest rate: RBI reduced the repo rate from 6.50 percent to 6.25 percent, due to which some banks have reduced FD interest rates. However, some banks still offer interest rates up to 9.10 percent per annum to senior citizens.
FD interest rate: Interest rates on fixed deposits (FDs) are an important factor in investment options. In February 2025, 3 banks have changed their FD interest rates. In February 2025, the Reserve Bank of India cut the repo rate by 25 bps. RBI reduced the repo rate from 6.50 percent to 6.25 percent, due to which some banks have cut FD interest rates. However, some banks still offer interest rates up to 9.10 percent per annum to senior citizens.
City Union Bank
The bank has changed the interest rate on fixed deposits of less than Rs 3 crore. After this change, the bank offers interest rates between 5 per cent to 7.50 per cent per annum for a period of 7 days to 10 years. The bank is currently offering interest rates between 5 per cent to 8 per cent per annum for senior citizens
DCB Bank
Private sector bank DCB Bank has reduced interest rates on FDs of less than Rs 3 crore. However, FD interest rates have been reduced only for selected tenures. After this change, DCB Bank offers interest rates between 3.75 per cent and 8.05 per cent per annum on FDs. The interest rate is applicable on FD periods between 7 days to 10 years.
General citizens are being given the highest interest rate of 8.05 per cent on FDs for a period of 19 months to 20 months. Senior citizens are being given a return of 8.55 per cent per annum. FD rates are effective from February 14, 2025.
Karnataka Bank
Karnataka Bank has revised FD interest rates of less than Rs 3 crore. The bank currently offers interest rates between 3.50 per cent to 7.50 per cent per annum for general citizens for tenures ranging from 7 days to 10 years. For senior citizens, the bank offers interest rates between 3.75 per cent to 8 per cent per annum for the same tenure.
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