Two major private sector banks, ICICI Bank and HDFC Bank, have reduced their fixed deposit (FD) interest rates once again. This comes after the Reserve Bank of India (RBI) cut its key interest rates for the second time in a row. Following the RBI’s move, several public and private sector banks have been revising their FD rates downwards.
ICICI Bank FD Rates
ICICI Bank has lowered its FD interest rates by 20 basis points. As per the bank’s official website, the new rates are effective from May 27, 2025.
FD tenures: 7 days to 10 years
- Interest rates: 3% to 6.85%
- Highest rate: 6.85% on FDs of 18 months to 2 years
- Senior citizens receive an additional 0.5% interest across all tenures
HDFC Bank FD Rates
HDFC Bank has also reduced its FD interest rates. The revised rates have been implemented from May 23, 2025.
- FD tenures: 7 days to 10 years
- Interest rates: 3% to 6.85%
- Highest rate: 6.85% on FDs of 15 to 21 months
Senior citizens get 0.5% extra interest on all deposit periods
With these latest cuts, customers are advised to review their investment plans, especially those relying on fixed deposits for steady returns.
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.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
