FD TENURE CHANGES FEDERAL BANK
Post office vs bank FD: Highest 3-year interest rate on fixed deposit for Rs 5 lakh investment in 2025
With banks reducing FD interest rates, the Post Office Time Deposit (POTD) remains competitive, offering 7.10% until June 2025. While major banks offer lower rates around 6.90%, select private banks like DCB, RBL, and YES Bank provide higher returns up to 7.50%.
Saturday bank holiday today: Are banks open or closed today on May 3, 2025?
Bank Holiday Today: In India, bank branches follow a fixed weekly schedule where they remain closed on the second and fourth Saturdays of every month. This often leads to confusion among customers wondering whether banks are open on a particular Saturday.
Punjab National Bank slashes FD rates for second time in two months; Bandhan Bank revises FD rates: Check details
Punjab National Bank will revise fixed deposit interest rates for retail deposits. The new rates will be effective from May 1, 2025. PNB will offer interest rates between 3.50% and 7.10% for general citizens.
FD interest rate up to 8.70%: Shivalik SFB and IDFC FIRST Bank revise savings account and FD rates
Shivalik Small Finance Bank and IDFC FIRST Bank will revise interest rates. The change applies to savings accounts and fixed deposits. Shivalik SFB savings rates range from 2.50% to 8.20%. Their FD rates go from 3.50% to 8.20% for general citizens. IDFC FIRST Bank savings rates are between 3% and 7.25%. Their FD rates vary from 3% to 7.
ATM cash withdrawal charges to increase from May 1: RBI's new ATM transaction rules take effect from today
ATM cash withdrawal charges: Starting May 1, 2025, the RBI's revised ATM fee structure will increase costs for withdrawals exceeding free limits. Banks such as HDFC Bank, PNB, and IndusInd Bank have informed its customer on this update.
Bank holiday Today: Are banks open or closed May 1, 2025 in your state? Check State wise list
Bank holidays 2025: Mark your calendars, banks across several Indian states will be closed today on May 1, 2025. This closure is due to Maharashtra Day and Labour Day. Digital banking will remain available for transactions. Plan your bank visits accordingly.
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From ATM fees to FD rates: Key financial changes effective May 1, 2025
Starting May 1, 2025, significant financial changes will impact banking, including revised ATM charges and deposit interest rates. The 'One State-One RRB' initiative consolidates regional rural banks to improve efficiency. RBI and NPCI have approved revised ATM interchange fees, while Shivalik Small Finance Bank, IDFC FIRST Bank, and RBL Bank have updated their savings and fixed deposit interest rates.
IndusInd Bank raises FD interest rates on select tenures and Kotak Mahindra Bank reduces FD rate on select tenures
IndusInd Bank and Kotak Mahindra Bank have adjusted their fixed deposit interest rates, reflecting market dynamics. Kotak Mahindra Bank marginally reduced one tenure's rate and introduced a new short-term FD option.
Get FD interest rates up to 8.40%: Shriram Finance revises fixed deposit interest rates
The new rates have been announced due to the Reserve Bank of India's repo rate cut and will be applicable from Thursday, May 2, 2025.
From liquid funds to sweep-in FDs, here are a few short-term options for you to invest your money in
With bank savings account interest rates declining, depositors are exploring alternatives for better returns. Options include switching to banks with higher rates, sweep-in fixed deposits, and mutual fund options like liquid and overnight funds. However, experts advise prioritizing safety and liquidity, suggesting a mix-and-match approach to optimize returns while minimizing risk.
Up to 9.1% interest rate on FDs in these banks for senior citizens on 3-year investment tenure, check the full list here
Bank FD: Senior citizens can get up to 9.1% interest rate in banks for three years tenure. Moreover, if a senior citizen has income up to Rs 12 lakh in a year under the new tax regime, then he/she can submit Form 15H and prevent TDS deduction from FD interest rate also. Read below to get the full list of the banks offering up to 9.1% interest on FD.
Senior citizen FD plans with monthly payouts for retirement income
Bajaj Finance Senior Citizen FDs offer a secure way for retirees to earn a guaranteed monthly income with high interest rates up to 8.60% per annum. These FDs provide capital safety with AAA ratings and flexible tenures, ensuring financial stability and peace of mind during retirement. Benefit from monthly payouts and easy online access.
FD rates revised: Union Bank offers up to 7.85%, RBL Bank up to 8.5% after revision for these customers
Union Bank of India and RBL Bank have adjusted their fixed deposit interest rates for deposits under Rs 3 crore, effective April 25, 2025. While Union Bank maintained its savings account rates, RBL Bank reduced theirs by up to 100 basis points for specific balance tiers, starting May 1, 2025.
Kotak Mahindra Bank cuts savings account interest rate by 25 bps: Check details
Kotak Mahindra Bank has reduced savings account interest rates by 25 bps for balances between Rs 5 lakh and Rs 50 lakh, effective April 25, 2025. The new rates are applicable from April 25, 2025
Going for premature withdrawal of fixed deposit? Know which type of bank FD minimises loss on interest and penalty
Calculate penalty on premature withdrawal of FD: There are two methods by which banks calculate the penalty on premature withdrawal of FD. The method of premature withdrawal is written in the terms and conditions of the bank FD. However, not many FD investors are aware of which method can cause them to lose more money. Review the calculations to determine which method is most beneficial for you.
Ujjivan Small Finance Bank cuts FD rates by up to 20 bps, senior citizens can still get 8.55% interest on fixed deposits
Ujjivan Small Finance Bank has reduced fixed deposit interest rates by up to 20 bps for deposits under Rs 3 crore, effective April 24, 2025, alongside revising savings account rates. While other banks like SBI and HDFC have also cut FD rates this month.
Fixed deposit rates slashed: Kotak and Axis Bank cut FD rates for second time in April 2025
Kotak Mahindra Bank has reduced its fixed deposit (FD) interest rates by up to 30 bps on select tenures, marking its second revision in April, effective April 23, 2025. Similarly, Axis Bank has also revised its FD interest rates for deposits less than Rs 3 crore.
Book your FD before it’s too late: These banks offer interest rates up to 9.10% for senior citizens
Following the RBI's recent repo rate cut, major banks like SBI and HDFC Bank have reduced their fixed deposit (FD) interest rates, impacting returns for conservative investors, especially senior citizens. However, some small finance are still offering attractive FD rates, up to 9.10% for seniors.
SBI lowers FD rates to 6.9%; Debt mutual funds steal the spotlight with over 118 outperformers
State Bank of India has decreased its fixed deposit interest rates to 6.9% from 7%, effective April 15, 2025, impacting medium-term deposits. An analysis reveals that around 118 debt mutual funds have offered higher annualised returns, ranging from 7% to 14.3%, over the past three years, outperforming the revised SBI FD rates.
FD interest rate up to 8.05%: 4 banks that are still offering special FDs; Check the last date, latest interest rates
Several banks, including Indian Bank, Punjab & Sind Bank, IDBI Bank, and SBI, have extended the deadline for their special fixed deposit schemes to June 30, 2025. However, these extensions come with reduced FD interest rates, reflecting the RBI's repo rate cuts since early 2025. While some tenures have been discontinued, others remain available with adjusted, generally lower, interest rates.
FD interest rates up to 7.95%: These banks have revised FD interest rates last week
Several banks, including AU Small Finance Bank, IDFC FIRST Bank, and Bank of Maharashtra, have recently revised their fixed deposit interest rates, effective April 16, 2025. Senior citizens can now earn up to 7.95% on their FDs.
Yes Bank tweaks FD rates again: Highest FD rate slashed to 7.50%, FD rates hiked by 25 bps on select tenures
Yes Bank has adjusted its fixed deposit (FD) pricing, reducing the highest rate by 25 bps to 7.50%, following the RBI's repo rate cut. Simultaneously, rates on medium to long-term tenures have increased by 25 bps.
HDFC Bank reduces FD interest rates by up to 50 bps: Check the latest fixed deposit rates
HDFC Bank has reduced its fixed deposit interest rates by up to 50 bps on select tenures below Rs 3 crore, effective today, i.e., April 19, 2025. Earlier, the savings account interest rates were also lowered by 25 basis points.
Federal Bank cuts FD, savings account interest rates, changes FD tenures: Here are the latest fixed deposit interest rates
Federal Bank has decreased interest rates for fixed deposits (FDs) and savings accounts, effective April 17, 2024. This decision follows the Reserve Bank of India's repo rate reduction.
IDBI Bank cuts FD rates across special deposit, extends Utsav fixed deposit deadline
IDBI Bank has revised its fixed deposit interest rates, extending the Utsav Deposit scheme deadline but discontinuing the 300-day and 375-day tenures. Interest rates have been reduced for general depositors, senior citizens, and super senior citizens across key tenures like 444, 555, and 700 days.
Now ICICI Bank cuts FD, savings account interest rates; check details
ICICI Bank has decreased its savings account interest rates by 25 bps and fixed deposit (FD) rates by up to 50 bps on select tenures, effective April 17, 2025.
SBI cuts FD interest rates on select tenures; introduces revised ‘Amrit Vrishti’ scheme with lower interest rates
State Bank of India (SBI) has revised its fixed deposit interest rates, effective April 15, 2025, reducing rates by 10 basis points for select medium-term deposits (1 to 3 years) for both general customers and senior citizens. Simultaneously, SBI has reintroduced its special "Amrit Vrishti" FD scheme for a 444-day tenure with modified rates, offering 7.
Bank of India cuts FD rates by up to 25 bps on these deposits; withdraws 400-day special FD offering 7.30% interest
Bank of India has revised its fixed deposit interest rates, effective April 15th, 2025. The bank has discontinued its special 400-day FD scheme, which offered a 7.30% interest rate. Interest rates have been reduced for short and medium-term deposits under Rs 3 crore.
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