Revised FD Rates: These 2 banks revise fixed deposit interest rates; check out updates

As most of the banks have already revised their interest rates for the financial year 2026, Bank of Baroda (BoB) and Kotak Mahindra Bank have also updated their FD interest rates. Take a look at their revised rates, which will be effective from May 5, 2025.

Bank of Baroda (BoB) revised FD rates

According to BoB’s official website, the bank has slashed its FD interest rates for different tenures for amounts below Rs 3 crore. For a period of seven days to 10 years FD, BoB will provide interest rates from 4 per cent to 7.10 per cent to general citizens. The interest rate is between 4.50 per cent to 7.60 per cent for senior citizens.

Tenures	Residents / General Public	Resident Indian Sr. Citizen	Resident Super Senior Citizen
7 days to 14 days	4	4.50*	4.50*
15 days to 45 days	4	4.50*	4.50*
46 days to 90 days	5.5	6.00*	6.00*
91 days to 180 days	5.6	6.10*	6.10*
181 days to 210 days	5.75	6.25*	6.25*
211 days to 270 days	6.25	6.75*	6.75*
271 days & above and less than 1 year	6.5	7.00*	7.00*
1 year	6.8	7.30*	7.30*
Above 1 year to 400 days	6.8	7.30*	7.40 $
Above 400 days and upto 2 Years (except 444 Days)	6.8	7.30*	7.40 $
Above 2 Years and upto 3 Years	7	7.50*	7.60 $
Above 3 Years and upto 5 Years	6.8	7.40 #	7.50 $
Above 5 Years and upto 10 Years	6.5	7.50**	7.50**
Above 10 years (MACAD	6	6.50*	6.50*
only)	6	6.50*	6.50*
bob Square Drive Deposit Scheme (444 Days)	7.1	7.60*	7.70$

(* including additional roi 0.50% for rtd upto 3 years and additional roi 0.50% for above 10 years, # incl. Additional roi of 0.50+0.10 for rtd above 3 years and upto 5 years w.E.F 14.10.2024, ** incl. Additional roi of 0.50%+0.50% for rtd above 5 years and upto 10 years to resident senior citizens and $ includes 0.10% for resident super senior citizens for deposits above 1 year and upto 5 years.)

BoB 444-day Square Drive Deposit Scheme updated FD rates

In this FD scheme, the bank offers 7.10 per cent (earlier 7.15 per cent) interest rate to general citizens while senior citizens get 7.60 per cent (earlier 7.65 per cent) interest rates.

Kotak Mahindra Bank revised FD rates

Kotak Mahindra Bank has reduced FD interest rates by 50 basis points from 7 per cent to 6.50 per cent on 180-day tenure FD.

	Regular		Senior Citizen
Maturity Periods – Premature Withdrawal Allowed	Less than Rs.3 Crore#	Annualised Yield	Less than Rs.3 Crore#	Annualised Yield
7 – 14 Days	2.75%	2.75%	3.25%	3.25%
15 – 30 Days	3.00%	3.00%	3.50%	3.50%
31 – 45 Days	3.25%	3.25%	3.75%	3.75%
46 – 90 Days	3.50%	3.50%	4.00%	4.00%
91 Days	5.00%	5.00%	5.50%	5.50%
92 Days – 179 Days	4.25%	4.25%	4.75%	4.75%
180 Days	6.50%	6.50%	7.00%	7.00%
181 Days to 269 Days	6.00%	6.09%	6.50%	6.61%
270 Days	6.00%	6.09%	6.50%	6.61%
271 Days to 363 Days	6.00%	6.09%	6.50%	6.61%
364 Days	6.50%	6.61%	7.00%	7.12%
365 Days to 389 Days	6.80%	6.98%	7.30%	7.50%
390 Days (12 months 25 days)	6.90%	7.08%	7.40%	7.61%
391 Days – Less than 23 Months	7.15%	7.34%	7.65%	7.87%
23 Months	7.15%	7.34%	7.65%	7.87%
23 months 1 Day- less than 2 years	7.05%	7.24%	7.55%	7.77%
2 years- less than 3 years	6.90%	7.08%	7.40%	7.61%
3 years and above but less than 4 years	6.90%	7.08%	7.40%	7.61%
4 years and above but less than 5 years	6.90%	7.08%	7.40%	7.61%
5 years and above upto and inclusive of 10 years	6.20%	6.35%	6.70%	6.87%

Source link

Author Profile

ANURAG DHOLE

Managing Director at Bitlance Tech Hub | 09158211119 | [email protected] | Web

Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.