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FD Update: Now you will not get much interest on FD, do not delay in investing, quickly check the interest rates of top 10 banks..

Shikha Saxena February 08, 2025 08:15 PM

The Reserve Bank of India has cut the policy rates by 0.25 percent after 5 years, due to which the common man is expected to get relief in interest. Due to the reduction in the repo rate, the return on money deposited in banks will also decrease. Fixed deposits are considered a safe investment instrument in Indian households, and people usually invest a large part of their income in FD. However, this repo rate cut will hurt the returns of FD, which may disappoint investors.

If interest rates on FDs are going to decrease, then this is the best time to start a new FD. Such rates are going to be less in the future. According to the information given by some banks, which are giving good returns on FDs of different tenures. If you are looking for safety and better returns, then look at the schemes offered by these banks. Do not forget to compare FD rates to make the right decision.

HDFC Bank-
India's largest HDFC Bank is giving interest at the rate of 7.4 percent to the general public on 4-year FD. At the same time, senior citizens are getting interest at the rate of 7.9 percent.

ICICI Bank-
This bank is giving interest at the rate of 7.2 5 percent to the common people on FD of 15-18 months (FD News). This return increases to 7.85 percent for senior citizens.

Federal Bank-
Federal Bank is offering a return of 7.5 percent on FD of 444 days. This return increases to 8 percent for senior citizens.

Kotak Mahindra Bank-
Kotak Mahindra is also giving a return of more than 7 percent. Banks are offering 7.4 percent interest to the general public on FD of 390-91 days. At the same time, this return increases to 7.9 percent for senior citizens.

SBI-
India's largest public sector bank SBI is giving its investors a return of 7 percent on FDs of 2-3 years. The bank is offering a return of 7.5 percent to senior citizens.

Bank of Baroda-
Another public sector bank is giving 7.15 percent interest to common citizens on FDs of 2-3 years, while for senior citizens this return increases to 7.65 percent.

Union Bank of India-
Union Bank is offering 7.3 percent interest to common citizens on FDs of 456 days. The bank is giving 7.8 percent interest to senior citizens.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.