FD interest rate up to 9.10%: 6 banks revise fixed deposit rates in February 2025 Check details amid RBI repo rate cut; seniors can earn rates as high as 9%
FD Interest Rates Rise to 9.10%: February 2025 Updates from Six Banks
As of February 2025, there has been a noteworthy revision in fixed deposit (FD) interest rates by several banks in India, following a recent repo rate cut by the Reserve Bank of India (RBI). While some banks have reduced their rates, opportunities still exist for senior citizens to secure attractive returns, with rates reaching up to 9.10%. Here’s a summary of the changes made by six prominent banks.
1. State Bank of India (SBI)
SBI has adjusted its FD rates, now offering competitive interest rates that cater to both regular and senior citizen depositors. Senior citizens can enjoy rates as high as 8.75% on select tenures.
2. HDFC Bank
HDFC Bank has also revised its fixed deposit rates, providing an appealing 9% for senior citizens, ensuring their investments yield substantial returns.
3. ICICI Bank
ICICI Bank has introduced a new FD rate of up to 8.90%, with special rates for senior citizens reaching up to 9.05% for longer tenures.
4. Axis Bank
Axis Bank is now offering fixed deposit rates of up to 8.75%, while senior citizens can avail themselves of rates as high as 9.10%, making it an attractive option for long-term savings.
5. Punjab National Bank (PNB)
PNB has adjusted its rates to offer competitive returns, with senior citizens earning up to 9% on their fixed deposits, ensuring their savings work harder for them.
6. Bank of Baroda
Bank of Baroda has announced new FD rates, with senior citizens now eligible for interest rates as high as 8.80%, making it a solid choice for secure investments.
With these revised rates, fixed deposits continue to be a reliable investment option, especially for senior citizens looking to secure their financial future. For more information on the best fixed deposit rates available, visit Looffers.com.
Invest wisely and make your money work for you with these attractive fixed deposit options!
