Fixed Deposits: Indian Bank, Bank Of India Cut Special FD Interest Rates; Check Details

Ahead of the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC’s) announcement about repo rate on August 6, 2025, two banks reduced their fixed deposit (FD) interest rates. Indian Bank and Bank of India revised their special FD rates in August 2025, reducing them by up to 20 bps. Notably, the RBI has cut the repo rate by 1 per cent (100 bps) in 2025, and according to experts, a further cut is unlikely this time. However, declining inflation and other macroeconomic factors would be key components in the MPC’s rate decision this month. Since the repo rate cut in June this year, banks have been actively revising their deposit and lending rates to align with the policy rates.

Here, we check the latest rates for these two public sector banks.

Indian Bank

Indian Bank offers two special FDs: IND SECURE FD for 444 days and IND GREEN FD for 555 days, and offers 6.70 per cent and 6.60 per cent, respectively. 

Ind Secure FD

India Bank’s 444 days IND SECURE FD offers 7.20 per cent to senior citizens (60 and above), and 7.45 per cent to super seniors (80 and above) after the latest revision. These FDs are valid up to September 30, 2025. The minimum amount of this FD is Rs 1,000.

Ind Green FD

It’s Green FD is for 555 days, in which the minimum deposit is Rs 1,000. The revised rate for seniors is 7.10 per cent and 7.35 per cent for super seniors. For the general public, the rate is 6.60 per cent.

Other Regular FD Rates

The bank revised the interest rates of both these FDs and other regular FDs on August 1, 2025. Here are the revised rates for the general public.

• 2.80 per cent for seven days to 14 days

• 2.80 per cent for 15 days to 29 days

• 3.00 per cent for 30 days to 45 days

• 3.25 per cent for 46 days to 90 days

• 3.50 per cent for 91 days to 120 days

• 3.85 per cent for 121 days to 180 days

• 4.50 per cent for 181 days to less than nine months

• 4.75 per cent for nine months to less than one year

• 6.10 per cent for one year

• 6.50 per cent for above one year to less than two years (except 444 and 555 days)

• 6.70 per cent for 444 days

• 6.60 per cent for 555 days

• 6.40 per cent for two years to less than three years

• 6.25 per cent for three years to less than five years

• 6.00 per cent for five years

• 6.00 per cent for above five years

Senior citizens can avail of an additional 50 bps over these rates for up to five years, and an additional 75 bps (50 bps + 25 bps) interest for tenures of five years or above.

Bank Of India

Bank of India (BoI) offers two special tenure FDs: 450 days (Star Vaibhav), 777 days (Star Utsav), and 999 days (Green Deposit Scheme). On August 4, 2025, it revised FD interest rates. Now, it offers the highest rates on its Star Utsav FD (6.60 per cent), followed by Green deposit FD (6.50 per cent), and Star Vaibhav FD (6.45 per cent) to the general public.

Bank Of India Special FD Rates For Senior Citizens:

• 450 days (Star Vaibhav) - 6.95 per cent (7.10 per cent for super seniors)

• 777 days (Star Utsav) – 7.10 per cent (7.25 per cent for super seniors)

• 999 days (Green Deposit Scheme) – 7.00 per cent (7.15 per cent for super seniors)

Other Tenure FD Rates:

The bank offers an additional 50 bps to seniors for tenures for less than three years, and 75 bps for three years and above tenures. Similarly, super senior can avail an additional 65 bps and 90 bps for FD tenure of less than three years and three years and above, respectively. Here are the card rates or the FD rates for general public.

• 3.00 per cent for seven days to 14 days

• 3.00 per cent for 15 days to 30 days

• 3.00 per cent for 31 days to 45 days

• 4.50 per cent for 46 days to 90 days

• 4.25 per cent for 91 days to 179 days

• 5.50 per cent for 180 days to 210 days

• 5.50 per cent for 211 days to 269 days

• 5.50 per cent for 270 days to less than one year

• 6.25 per cent for one year

• 6.30 per cent for above one year to less than two years (except 450 Days)

• 6.45 per cent for 450 days (Star Vaibhav)

• 6.30 per cent for two years to less than three years

• 6.60 per cent for 777 days (Star Utsav)

• 6.25 per cent for three years to less than five years

• 6.00 per cent for five years to less than eight years

• 6.00 per cent for eight years and above to 10 years

These rates are effective August 4, 2025.