ICICI, HDFC, IDBI, And Seven More Banks Revise FD Interest This Week, Up To 8.10 Per Cent For Seniors

To align with the Reserve Bank of India’s (RBI) change in repo rate, banks are reducing their lending rates to pass the rate cut benefit to the borrowers. At the same time, to maintain their liquidity ratio, they are adjusting their deposit rates. This week, ending on April 19, 2025, 10 banks, including Bank of India, Bank of Maharashtra, City Union Bank, Tamilnad Mercantile Bank, ICICI Bank, HDFC Bank, IDBI Bank, IDFC First Bank, Federal Bank, and AU Small Finance Bank revised their fixed deposit rates.

Here are the fixed deposit interest rate details of these banks for senior citizens:

Bank Of India (BOI)

The bank offers the highest 7.55 per cent to senior citizens, effective April 15, 2025. Seniors can avail of an additional 0.50 per cent (50 basis points ‘bps’) on FDs from six months to less than three years tenure and an additional 0.75 per cent (75 bps) for three years to 10 years tenure. For super seniors (80 years and above), the additional rates are 65 bps and 90 bps, respectively, for these FD tenures. Here are the rates available for the general public:

• 5.75 per cent for several tenures between 180 days to less than one year

• 7.05 per cent for one year

• 6.75 per cent for different tenures between above one year and less than three years

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

• 6.00 per cent for tenures between five years to 10 years

Bank Of Maharashtra (BOM)

BOM revised FD rates on April 17, 2015. It offers a maximum of 7.45 per cent on its special FD for 366 days. Seniors can avail of an additional rate of 50 bps FD tenures of 91 days and above. Here are the details of the rate of interest available to the general public:

• 5.75 per cent for 181 days to 364 days

• 6.75 per cent for 365 days (one year)

• 6.50 per cent for various tenures between more than one year and 10 years

Special FDs:

• 6.90 per cent for 200 days

• 7.45 per cent for 366 days

• 7.40 per cent for 555 days

• 6.50 per cent for 1777 days

City Union Bank 

It revised the rates on April 15, 2025, and offers the higher 7.50 per cent to seniors and 7.60 per cent for super seniors for 365 days. The rates for seniors are:

• 6.50 per cent for 181 days to 270 days

• 6.75 per cent for 271 days to 364 days

• 7.50 per cent for 365 days

• 7.25 per cent for 366 days to three years

• 6.50 per cent for above three years up to 10 years

The rates for super seniors are:

• 6.50 per cent for 181 days to 270 days

• 6.75 per cent for 271 days to 364 days

• 7.60 per cent for 365 days

• 7.30 per cent for 366 days to three years

• 6.50 per cent for above three years up to 10 years

Tamilnad Mercantile Bank

This private sector bank revised the FD rates on April 18, 2025. The rates for seniors are:

• 6.35 per cent for 180 to 270 days

• 6.75 per cent for 271 days to less than one year

• 7.75 per cent for one year

• 7.50 per cent for above one year to less than 400 days

• 7.80 per cent for 400 days

• 7.50 per cent for above  400 days to less than two years

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

• 7.00 per cent for three years to 10 years

IDBI Bank

Seniors can receive a maximum of 7.50 per cent from IDBI bank FDs. The bank revised the rates on April 16, 2025, and offers seniors:

• 6.50 per cent for six months 1 day to 270 days

• 6.75 per cent for 271 days to less than one year

• 7.30 per cent for one year to two years (except 444, 555, and 700 days)

• 7.50 per cent for more than two years to less than three years

• 7.00 per cent for three years to five years

• 6.75 per cent for more than five years to 10 years

Special FDs:

IDBI Utsav Callable FD: The bank stopped its ‘300 day’ FD on April 16, 2025. Other special FDs continue to be valid till June 30, 2025. For seniors, the rates are:

• 7.75 per cent for 444 days

• 7.80 per cent for 555 days

• 7.50 per cent for 700 days

IDBI Chiranjeevi Super Senior Citizen FD: The effective rates from April 16, 2025 are:

• 7.90 per cent for 444 days

• 7.95 per cent for 555 days

• 7.65 per cent for 700 days

HDFC Bank

Its new rates are effective from April 19, 2025. Seniors can avail of:

• 6.25 per cent for six months 1 day to nine months

• 6.50 per cent for nine months 1 day to less than one year

• 7.10 per cent for one year to less than 15 months

• 7.55 per cent for 15 months to less than 18 months

• 7.55 per cent for 18 months to less than 21 months

• 7.20 per cent for 21 months to two years

• 7.40 per cent for various tenures between two years 1 day to three years

• 7.25 per cent for various tenures between three years 1 day to five years

• 7.00 per cent for five years 1 day to 10 years

ICICI Bank

The bank reduced its FD rates after revising rates on April 17, 2025. For seniors, the latest rates are:

• 5.25 per cent for 91 to 184 days

• 6.25 per cent for 185 to 270 days

• 6.50 per cent for 271 days to less than one year

• 7.20 per cent for one year to less than 15 months

• 7.30 per cent for 15 months to less than 18 months

• 7.550 per cent for 18 months to two years

• 7.40 per cent for two years 1 day to five years

• 7.30 per cent for five years 1 day to 10 years

IDFC First Bank

It offers the highest 7.50 per cent to senior citizens. After revising the rates on April 16, the FD rates for seniors are:

• 5.75 per cent for 181 days to less than one year

• 6.50 per cent for one year

• 7.00 per cent for one year 1 day to 370 days

• 7.25 per cent for 371 days to 399 days

• 7.50 per cent for 400 days to 500 days

• 7.00 per cent for 501 days to two years

• 6.50 per cent for two years 1 day to three years

• 6.25 per cent for three years 1 day to five years

• 6.25 per cent for five years 1 day to 10 years

Federal Bank

The bank revised the FD interest rates on April 17, 2025, and offers senior:

• 6.50 per cent for 181 days to 270 days

• 7.00 per cent for 271 days to less than one year

• 7.35 per cent for one year

• 7.50 per cent for above one year to 443 days

• 7.80 per cent for 444 days

• 7.50 per cent for 445 days to five years

• 7.00 per cent for above five years to 10 years

AU Small Finance Bank

The bank offers a maximum of 8.10 per cent. Here are the details:

• 7.50 per cent for six months 1 day to 12 months

• 8.10 per cent for 12 months 1 day to 15 months

• 7.90 per cent for 15 months 1 day to less than 18 months

• 8.25 per cent for 18 months

• 8.00 per cent for various tenures between 18 months 1 day to 45 months

• 7.75 per cent for 45 months 1 day to 120 months

It revised the rates on April 16, 2025.