6 banks that have revised fixed deposit interest rate in February 2025; Check details, ET BFSI

Rates of interest on mounted deposits (FDs) are a major consider funding decisions, particularly for senior residents. In February 2025, six banks modified their FD rates of interest. It is very important observe that February 2025 additionally noticed a repo charge reduce of 25 foundation factors (25 bps). The Reserve Financial institution of India reduce the repo charge from 6.50% to six.25%. As a consequence of this, some banks have lowered mounted deposit rates of interest. Nevertheless, some banks nonetheless provide senior residents rates of interest as excessive as 9.10% every year.

Right here is the record of six banks that revised their FD rates of interest in February 2025.

City Union Bank FD rates of interest
The financial institution revised the mounted deposit rate of interest on deposits under Rs 3 crore. After the revision, the financial institution gives rates of interest between 5% and seven.50% every year for tenure starting from 7 days to 10 years. The financial institution presently gives rates of interest between 5% to eight% every year for senior residents.
The financial institution is providing the best rate of interest on the tenure of 333 days. Most of the people can get 7.50% every year on 333 days tenure. A senior citizen can get 8% every year on 333 days tenure.
The revised FD charges are relevant from February 10, 2025.

DCB Bank FD rates of interest
Personal sector lender DCB Financial institution has lowered rates of interest on mounted deposits under Rs 3 crore. Nevertheless, the FD rates of interest have been lowered for choose tenures solely. Following the revision, DCB Financial institution gives rates of interest between 3.75% and eight.05% every year on FD quantities. The rate of interest applies to FD tenures ranging between 7 days and 10 years.

After RBI rate cut, this bank slashes FD interest rates by up to 65 bps

The best rate of interest of 8.05% on FDs is obtainable on a tenure of 19 months to twenty months to common residents. On the identical tenure, senior residents can earn 8.55% every year. The revised FD charges are efficient from February 14, 2025.

Karnataka Financial institution has revised FD rates of interest on quantities under Rs 3 crore. The financial institution presently gives rates of interest between 3.50% and seven.50% every year for common residents for tenures starting from 7 days to 10 years. For senior residents, the financial institution gives rates of interest between 3.75% and eight% every year for a similar tenure.
The financial institution gives the best rate of interest of seven.50% every year for a tenure of 401 days. A senior citizen can earn 8% every year for a tenure of 401 days. The revised charges are relevant from February 18, 2025.

Shivalik Small Finance Financial institution FD rates of interest

Shivalik Small Finance Financial institution has lowered its rates of interest on mounted deposits (FD). In response to its web site, Shivalik Small Finance Financial institution now gives an rate of interest starting from 3.50% to eight.55% every year on FDs for common residents and from 4% to 9.05% every year for senior residents. Most of the people can earn the best rate of interest of 8.55% every year on a tenure of 12 months, 1 day and fewer than 18 months. A senior citizen can earn the best rate of interest of 9.05% every year on the identical tenure.

The revised charges are efficient from February 18, 2025.

Additionally learn: FD interest rate up to 9.3%: This bank revises interest rates on fixed deposits for these citizen

Ujjivan Small Finance Bank has revised its mounted deposit rates of interest for deposits lower than Rs 3 crore. The small finance financial institution has additionally revised its financial savings account rates of interest. In response to its web site, Ujjivan Small Finance Financial institution now gives an rate of interest starting from 3.75% to eight.25% every year on FDs for common residents and from 4.25% to eight.75% every year for senior residents.

The financial institution is providing the best rate of interest of 8.25% every year to most people for a tenure of 18 months. Equally, a senior citizen can earn 8.75% every year for a similar tenure.
Prospects having financial savings accounts with the financial institution will earn rates of interest between 3.25% and seven.50% every year, relying on the financial savings account balances.
The revised rates of interest are efficient from February 21, 2025.

Additionally learn: This bank revises FD rates; senior citizens can get up to 8.75% interest rate for longer tenure nowSuryoday Small Finance Financial institution has revised its mounted deposit (FD) rates of interest for deposits lower than Rs 3 crore. The revised rates of interest are efficient from February 1, 2025. In response to its web site, Suryoday Small Finance Financial institution now gives an rate of interest starting from 4% to eight.60% every year on FDs for common residents and from 4.50% to 9.10% every year for senior residents.

The financial institution is providing the best FD rate of interest of 8.60% every year for a tenure of 5 years. A senior citizen can earn the best FD rate of interest of 9.10% every year.