Fixed Deposit January 2025: Check List Of 6 Banks That Have Revised FD Rates

A Fixed Deposit (FD) is one of India's most popular investment options as for several people FDs invest a significant portion of their savings. The guaranteed rate of return is the main reason people prefer to invest their money in FDs. 

Several banks revised their fixed deposit (FD) interest rates in January, affecting the savings of both general citizens and senior citizens. Here's a look at the latest FD rate changes of 6 banks.

Punjab National Bank's domestic term deposit (below Rs 3 crore) interest rate revised W.E.F. January 1, 2025. The Bank offers fixed deposit interest rates between 3.50% and 7.25% for tenures ranging from 7 days to 10 years for general citizens. The highest interest rate of 7.25% is offered on a tenure of 400 days. Further, the Bank offers fixed deposit interest rates between 4% and 7.75% for tenures ranging from 7 days to 10 years for senior citizens. The highest interest rate of 7.75% is offered on a tenure of 400 days.

The bank revised the fixed deposit interest rate on deposits below Rs 3 crore. After revision, the bank offers interest rates between 3.5% and 7.30% ranging from 7 days to 10 years. The highest interest rate of 7.30% is offered on a tenure of 456 days for general citizens. These are the interest rates for deposits below Rs 3 crore. The revised rates are applicable from January 1, 2025.

Federal Bank offers interest rates between 3% and 7.50% on fixed deposits with tenures ranging from 7 days to above 5 years for general citizens. The highest interest rate of 7.50% is offered on a tenure of 444 days. Further,rates the bank offers interest rate between 3.50% and 8% on fixed deposits with tenures ranging from 7 days to above 5 years for senior citizens. The highest interest rate of 8% is offered on a tenure of 444 days. The revised rates are applicable from January 10, 2025.

Shivalik Small Finance Bank has revised its interest rates on fixed deposits, according to the bank's website. The bank offers an interest rate between 3.50% and 8.80% on FDs for general citizens and 4% and 9.30% on FDs for senior citizens. The revised FD interest rates are effective from January 22, 2025 onwards.

Axis Bank is offering FD interest rates between 3% and 7.25% for general citizens on tenures between 7 days and 10 years for amounts less than Rs 3 core. The bank has revised the effective date of interest rates on its FDs to January 27, 2025.