SPECIAL FD INTEREST RATES
SBI Amrit Vrishti FD: SBI revises special FD interest rates from June 15, 2025
State Bank of India has revised its "Amrit Vrishti" fixed deposit scheme, effective June 15, 2025, reducing the interest rate on 444-day tenures. Last week, most banks including ICICI Bank, HDFC Bank and Canara Bank reduced their fixed deposit interest rates after the Reserve Bank of India cut the repo rate by 50 basis points (bps) in its June monetary policy meeting.
SBI cuts lending rates after RBI repo rate revision: Check latest interest rates
Following the RBI's repo rate cut, SBI has reduced its key lending rates by up to 0.50%, effective June 15, 2025. The External Benchmark Rate (EBR) is lowered to 8.15%. Consequently, SBI home loan interest rates now range from 7.50% to 8.45% based on the borrower's CIBIL score.
Saturday bank holiday: Are banks open or closed today on June 14, 2025?
Indian banks observe holidays that vary by state, as determined by the RBI's annual calendar. Banks are closed on the second and fourth Saturdays, Sundays, and designated holidays.
Army, Navy & Air Force pensioners: SPARSH pension portal has an update on your Form 26AS
Defence pensioners receiving pensions via SPARSH can now access their income and TDS details for FY 2024-25 on the TRACES portal, reflected in Form 26AS. Form 16 will soon be available on the SPARSH portal.
Mahila Samman Savings Certificate: Now you can transfer funds to non post office savings accounts
The Mahila Samman Savings Certificate scheme introduces ECS withdrawal, enabling direct transfers to non-post office bank accounts for enhanced convenience. While new deposits ceased after March 31, 2025, existing accountholders benefit from this updated facility.
Highest FD interest rate of 7.85% for senior citizens: This bank revises FD interest rates after RBI repo rate cut
YES Bank has announced changes to its fixed deposit interest rates. The revision affects deposits below Rs 3 crore. These changes follow the Reserve Bank of India's repo rate cut. General citizens can now earn between 3.25% and 7.10%.
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These IndusInd Bank services won’t be available on these days: Check details here
IndusInd Bank will conduct system maintenance and banking services will be unavailable on two days. Customers should plan transactions accordingly.
Special FD rate up to 7.65%: Indian Bank revises IND SECURE FD rates for limited period
Indian Bank has updated its fixed deposit interest rates, effective June 9, 2025. The IND SECURE scheme, with a 444-day tenure, now offers 6.90% for the general public, 7.40% for senior citizens, and 7.65% for super senior citizens.
Private sector banks slash FD rates following rate cut
Following the Reserve Bank of India's policy rate cut, several banks including HDFC, ICICI, IDFC First, and Kotak Mahindra have decreased fixed deposit interest rates by 10-35 basis points. Public sector banks like Canara Bank and Indian Bank have also adjusted their rates downwards. These adjustments reflect lenders' responses to the lower benchmark interest rates, impacting retail depositors.
Big hit to depositors: HDFC Bank reduces FD and savings account rates
HDFC Bank has reduced its fixed deposit interest rates by 25 bps across all tenures for deposits under Rs 3 crore, effective June 10, 2025, following the RBI's repo rate cut.
Latest FD rates of Canara Bank, Axis Bank, Indian Bank, Kotak Mahindra Bank after RBI’s repo rate cut
Following the Reserve Bank of India's repo rate cut, several major banks, including Canara Bank, Kotak Mahindra Bank, and HDFC Bank, have adjusted their fixed deposit interest rates for deposits under Rs 3 crore.
India slashes interest rates, but who will borrow?
The Reserve Bank of India is aggressively easing monetary policy to boost consumption and investment amid global uncertainty. The RBI cut key rates and the cash reserve ratio, hoping banks will increase lending to SMEs, complementing a rural income boost from a strong monsoon. The success hinges on banks' willingness to lend and companies' appetite for debt in the current economic climate.
Japan's Nikkei rises for third session as government backs debt market
Japan's Nikkei share average extended its rally to a third session on Tuesday, lifted by news that the government is exploring a potential buyback of long-dated bonds to stabilise the market and contain rising yields.
After RBI's repo rate cut, ICICI Bank reduces interest rates on fixed deposits; check latest FD rates in June 2025
After the revision, ICICI Bank offers FD interest rates between 3% and 6.6% to general citizens for amounts below Rs 3 crore; for senior citizens, the rates vary between 3.5% and 7.1%.
Lower home loan EMIs for loans from PNB, Indian Bank, Bank of Baroda, BOI as RBI cuts repo rate by 50 bps
Home loan interest rates: Following the RBI's repo rate cut to 5.50%, four major public sector banks, including PNB, BoB, Indian Bank, and BOI, have reduced their home loan interest rates. These revisions, effective in early June 2025, lower the Repo Linked Lending Rates (RLLR) by 50 basis points.
RBI's next interest rate cut action likely in December
Reserve Bank of India may keep interest rates steady in August. However, further reduction is expected later this year. This follows a larger-than-expected cut aimed at boosting economic growth. Most institutions anticipate a rate cut in either October or December. The central bank will also lower the cash reserve ratio to inject liquidity. These measures surprised the markets.
Lending rates to fall by 30 bps after RBI policy cut: SBI Report
State Bank of India projects a drop in lending rates. This follows the policy rate cut. Loans linked to external benchmarks will see immediate impact. Banks' margins may be affected. Reserve Bank of India's CRR cut could help. Fixed deposit rates are already declining. Further cuts are expected. The report anticipates no change in policy rates next quarter.
What should FD investors do now? RBI cuts repo rate by 50 bps, interest rates will fall further
RBI repo rate cut by 50 bps: The RBI has cut the repo rate and other key rates by 50 bps in today's monetary policy announcement. The latest rate cut brings bad news for fixed deposit investors as banks will cut FD interest rates. How can FD investors still earn higher interest rate?
SBI will call you from these numbers: Check the numbers to avoid cyber frauds
The Reserve Bank of India in January directed all banks and regulated entities (REs) to call customers only using phone numbers that begin with the "1600xx" series for transactions or service provision.
FD interest rate up to 9.10%: These banks are still offering over 8% interest on fixed deposits for senior citizens
With the RBI's repo rate cut in 2025, fixed deposit interest rates are expected to decline, impacting conservative investors. Banks will likely lower FD rates, creating a limited window to secure higher returns.
FD interest rates are falling: Can corporate bonds offer better returns with safety?
Today, the bond market in India surged to $2.6 trillion, of which $1.3 trillion, or 45%, is made up of corporate bonds. Corporate bonds have been benefitting from the headwinds of companies allocating a higher debt component than equity, foreign investors betting on Indian debt, and retail investors finally having a seat at the table.
New FD rates from June 1, 2025: PNB, Canara Bank revise interest rates across tenures
Canara Bank and Punjab National Bank (PNB) have adjusted their fixed deposit (FD) interest rates for retail term deposits under Rs 3 crore, effective June 1, 2025. Canara Bank decreased rates on specific tenures, while PNB reduced rates on some and increased rates on longer-term deposits. PNB's highest rate is now 6.9% on a 390-day tenure.
No more penalty for low balance in bank account: Canara Bank ends minimum balance rule on all savings accounts from this date
Canara Bank has announced a waiver of the Average Monthly Balance (AMB) requirement across all savings accounts, effective June 1, 2025.
Last day to lock in at 9.10% FD rate: This bank to cut fixed deposit interest rates from tomorrow
Attention fixed deposit investors, today is the final day to secure FD at rates as high as 9.10% per annum. Suryoday Small Finance Bank will revise FD interest rates from June 1, 2025.
Special FD interest rate up to 7.8%: IDBI Bank revises FD rates across special deposits, check Utsav FD deadline
IDBI Bank is set to revise interest rates on fixed deposits, Utsav FD scheme, and savings accounts. The new rates become effective from May 16, 2025. Special Utsav FDs offer attractive rates for 444, 555, and 700-day tenures. Senior citizens get higher returns. Savings account interest rates also see changes, with higher balances earning more.
Highest FD returns: SBI, HDFC, ICICI and Canara Bank, which one gives the maximum interest on Rs 5 lakh deposit
With recent FD interest rate reductions from major banks like SBI, ICICI, HDFC, and Canara Bank, comparing the latest offerings is crucial. Latest FD rates impact potential earnings on fixed deposits, requiring careful consideration of tenure and individual bank policies.
ICICI Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures
Attention depositors, ICICI Bank has revised its fixed deposit interest rates. The reduction is up to 20 bps for specific tenures on deposits below Rs 3 crore. The revised rates are effective from May 26, 2025.
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