ICICI Bank, HDFC Bank FD Rates: ICICI Bank and HDFC Bank have announced a cut in fixed deposit (FD) rates, which has shocked customers. After the Reserve Bank of India (RBI) cut interest rates for the second time in a row, other banks are also reducing their rates.

This is the latest cut in FD rates by these major private banks, which will now give less interest on FD. Let us see at what rate you are going to get interest on fixed deposits in these banks now.

ICICI Bank FD Rates-

ICICI Bank has announced a cut of 20 basis points in fixed deposit (fd) rates for its customers. According to the official website of the bank, the new interest rates have come into effect from May 27, 2025.

ICICI Bank customers can make FDs for a period of 7 days to 10 years, in which they get interest ranging from 3 percent to 6.85 percent, in which the highest interest is available on FDs of 18 months to 2 years. At the same time, senior citizens get 0.5 percent more interest on bank FDs.

HDFC Bank FD Rates-
HDFC Bank has cut interest rates on Fixed Deposit, which are effective from May 23. Customers can make FDs from 7 days to 10 years, on which interest will be from 3% to 6.85%. The highest interest is being given on FDs of 15 to 21 months. Senior citizens will get 0.5% additional interest on FD.

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