Interest rates on fixed deposits (FDs) are a significant factor in investment choices, especially for senior citizens. In February 2025, six banks changed their FD interest rates. It is important to note that February 2025 also saw a repo rate cut of 25 basis points (25 bps). The Reserve Bank of India cut the repo rate from 6.50% to 6.25%. Due to this, some banks have reduced fixed deposit interest rates. However, some banks still offer senior citizens interest rates as high as 9.10% per annum.Here is the list of six banks that revised their FD interest rates in February 2025.
City Union Bank FD interest rates
The bank revised the fixed deposit interest rate on deposits below Rs 3 crore. After the revision, the bank offers interest rates between 5% and 7.50% per annum for tenure ranging from 7 days to 10 years. The bank currently offers interest rates between 5% to 8% per annum for senior citizens.
The bank is offering the highest interest rate on the tenure of 333 days. The general public can get 7.50% per annum on 333 days tenure. A senior citizen can get 8% per annum on 333 days tenure.
The revised FD rates are applicable from February 10, 2025.DCB Bank FD interest rates
Private sector lender DCB Bank has reduced interest rates on fixed deposits below Rs 3 crore. However, the FD interest rates have been reduced for select tenures only. Following the revision, DCB Bank offers interest rates between 3.75% and 8.05% per annum on FD amounts. The interest rate applies to FD tenures ranging between 7 days and 10 years.After RBI rate cut, this bank slashes FD interest rates by up to 65 bpsThe highest interest rate of 8.05% on FDs is offered on a tenure of 19 months to 20 months to general citizens. On the same tenure, senior citizens can earn 8.55% per annum. The revised FD rates are effective from February 14, 2025.
Karnataka Bank FD interest rates
Karnataka Bank has revised FD interest rates on amounts below Rs 3 crore. The bank currently offers interest rates between 3.50% and 7.50% 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% and 8% per annum for the same tenure.
The bank offers the highest interest rate of 7.50% per annum for a tenure of 401 days. A senior citizen can earn 8% per annum for a tenure of 401 days. The revised rates are applicable from February 18, 2025.
Shivalik Small Finance Bank FD interest rates
Shivalik Small Finance Bank has reduced its interest rates on fixed deposits (FD). According to its website, Shivalik Small Finance Bank now offers an interest rate ranging from 3.50% to 8.55% per annum on FDs for general citizens and from 4% to 9.05% per annum for senior citizens.
The general public can earn the highest interest rate of 8.55% per annum on a tenure of 12 months, 1 day and less than 18 months. A senior citizen can earn the highest interest rate of 9.05% per annum on the same tenure.
The revised rates are effective from February 18, 2025.
Also read: FD interest rate up to 9.3%: This bank revises interest rates on fixed deposits for these citizen
Ujjivan Small Finance Bank FD interest rates
Ujjivan Small Finance Bank has revised its fixed deposit interest rates for deposits less than Rs 3 crore. The small finance bank has also revised its savings account interest rates.
According to its website, Ujjivan Small Finance Bank now offers an interest rate ranging from 3.75% to 8.25% per annum on FDs for general citizens and from 4.25% to 8.75% per annum for senior citizens.
The bank is offering the highest interest rate of 8.25% per annum to the general public for a tenure of 18 months. Similarly, a senior citizen can earn 8.75% per annum for the same tenure.
Customers having savings accounts with the bank will earn interest rates between 3.25% and 7.50% per annum, depending on the savings account balances.
The revised interest rates are effective from February 21, 2025.
Also read: This bank revises FD rates; senior citizens can get up to 8.75% interest rate for longer tenure now
Suryoday Small Finance Bank FD interest rates
Suryoday Small Finance Bank has revised its fixed deposit (FD) interest rates for deposits less than Rs 3 crore. The revised interest rates are effective from February 1, 2025. According to its website, Suryoday Small Finance Bank now offers an interest rate ranging from 4% to 8.60% per annum on FDs for general citizens and from 4.50% to 9.10% per annum for senior citizens.
The bank is offering the highest FD interest rate of 8.60% per annum for a tenure of five years. A senior citizen can earn the highest FD interest rate of 9.10% per annum.
