FD Rates: The public sector Bank of India has taken a big decision to cut FD rates. At the same time, the revised FD rate from the bank will be applicable from 15 April 2025. The bank itself has given this information through a press release.

FD Rates: Public sector Bank of India has taken a big decision to cut FD rates. At the same time, the revised FD rate from the bank will be applicable from 15 April 2025. The bank itself has given this information through a press release. According to the bank, this reduction has been made for short and long term FDs of less than Rs 3 crore.

The bank was running a 400-day special FD scheme, on which the bank used to give 7.30 percent interest. Now the bank has also closed the 400-day special FD scheme. That means now people will not be able to invest in this scheme.

What are the new interest rates now?

Now the bank is giving 4.25 percent interest on FDs of 91 days to 179 days, which is 25 basis points less than the earlier 4.50 percent. At the same time, the bank is giving 5.75 percent interest on FDs of 180 days to less than 1 year, which was 6 percent earlier.

At the same time, the bank has cut 20 basis points on one-year FDs. After this, people will get 6.8 percent interest on FDs of this period, which was 7 percent earlier. Apart from this, 5 basis points have been cut on FDs of more than 1 year and less than 2 years. After this, the new interest rate has become 6.75 percent, which was earlier 6.80 percent.

How much interest will senior citizens get?

Senior citizens will get an additional interest of 0.50 percent on FDs less than Rs 3 crore. Super senior citizens will get an additional interest of 0.65 percent. These interest rates will be applicable only for 6 months and above.