BOB, HDFC, AXIS, Kotak, Canara Bank, And 16 More Reduce FD Interest, Seniors Can Avail Of Up To 8.50%

21 Bank revised their fixed deposit rates in the wake of the Reserve Bank Of India (RBI) repo rate cut by 50 basis points (bps) to 5.50 per cent. These banks include Bank of Baroda (BoB), Central Bank of India, Indian Bank, Union Bank, Indian Overseas Bank, Canara Bank, Bank of Maharashtra, Dhanlaxmi Bank, Karur Vysya Bank, Nainital Bank, South Indian Bank, Yes Bank, IDBI Bank, Axis Bank, HDFC Bank, IDFC First Bank, Federal Bank, Kotak Mahindra Bank, AU Small Finance Bank, Jana Small Finance Bank, and North East Small Finance bank. According to experts, the rates may further go down, and a delay in booking FDs may lead to lower interests. Here are the interest rates of all the banks that revised their FD interest rates during the week ending June 14, 2025. These interest rates are for seniors for one year and above period.

Bank Of Baroda

After revising the rates last week, the Bank again revised and reduced its FD rates on June 12, 2025. Now, the maximum offered to seniors (60 years and above) and super seniors (80 years and above) is 7.20. The Bank of Baroda FD rates are:

For seniors

•            7.00 per cent for across tenures between one year to 10 years

•            7.20 per cent for 444 days (BoB Square Drive Deposit scheme)

For super seniors

•            7.00 per cent for one year

•            7.10 per cent for above one year to five years

•            7.20 per cent for 444 days (BoB Square Drive Deposit Scheme)

•            7.10 per cent for above five years to 10 years

Central Bank Of India

The Bank revised the FD rates on June 10, 2025. For seniors, its rates are:

• 7.20 per cent for one year to less than two years

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

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

• 7.00 per cent for five years to 10 years

Indian Bank

This public sector bank launched its special 444 days FD on May 8, 2025. Now, it has revised the interest rates effective June 9, 2025. For senior citizens, Indian Bank FD rates are: 

• 6.60 per cent for one year

• 7.10 per cent for Above 1 year to less than 2 years (Except 444 and 555 Days)

• 7.40 per cent for 444 days

• 7.30 per cent for 555 days    

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

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

• 6.50 per cent for five year  

• 6.60 per cent for above five years  

Union Bank

Seniors can avail of a maximum of 7.35 per cent. Union Bank FD Interest rates for seniors are:

• 7.10 per cent for various tenures from one year to 400 days

• 7.00 per cent for 401 days to 455 days

• 7.35 per cent for 456 days

• 7.00 per cent for 457 days to 996 days

• 6.80 per cent for 997 days

• 7.00 per cent for more than 998 days to less than three years

• 7.10 per cent for three years

• 6.90 per cent for more than three years to 10 years

The Bank offers super seniors an additional 25 bps interest over these rates. It revised interest rates on June 12, 2025.

Indian Overseas Bank

It revised the rates on June 12, 2025. The interest rates for senior citizens are:

• 7.20 per cent for one year to less than two years (except 444 days)

• 7.60 per cent for 444 days

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

• 6.80 per cent for three years and above

Canara Bank

Canara Bank FD rates for senior citizens after revision on June 9, 2025, are:

• 7.00 per cent for one year and above to one year 3 months

• 7.10 per cent for 444 days

• 7.00 per cent for above one year three months to 10 years

Bank Of Maharashtra

The Bank revised the rates on June 10, 2025. This was the second time this month it revised the rates. The previous revision was done on June 2, 2025. Seniors can avail of:

• 6.75 per cent for one year

• 6.80 per cent for above one year to three years

• 6.75 per cent for above three years to five years

• 6.60 per cent for above five years

Special FDs

• 7.00 per cent for 200 days

• 7.65 per cent for 366 days

• 7.55 per cent for 555 days

• 7.00 per cent for 1777 days (Green Deposit)

Dhanlaxmi Bank

It revised the rates on June 10, 2025, and seniors can receive:

• 7.00 per cent for one year to two years

• 7.75 per cent for 400 days (13 months and 4 days for online FD)

• 7.00 per cent for above two years to three years

• 7.25 per cent for above three years to five years

• 7.10 per cent for above five years to 10 years

Karur Vysya Bank

After revising FD rates in May, the Bank again revised the rates on June 10, 2025. Karur Vysya Bank FD interest rates for seniors are:

• 7.00 per cent for one year to 443 days

• 7.25 per cent for 444 days

• 7.00 per cent for various tenures from 445 days to five years

• 6.65 per cent for above five years

Nainital Bank

Seniors can avail of up to 7.55 per cent interest on FD with the Bank. For seniors, Nainital Bank FD rates are:

• 6.50 per cent for one year to 18 months

• 6.70 per cent for above 18 months to two years

• 6.25 per cent for above two years to three years

• 5.75 per cent for above three years to five years

• 5.35 per cent for above five years to 10 years

• 7.00 percent for Naini Monsoon Dhamaka Term Deposit Scheme (300 Days)

• 7.05 per cent for 425 days

The bank revised the rates on June 13, 2025.

South Indian Bank

South Indian Bank FD rates for seniors are:

• 7.00 per cent for one year

• 6.70 per cent for above one year to one year 6 days

• 7.20 per cent for one year 7 days

• 6.70 per cent for one year 8 days to less than 39 months

• 7.00 per cent for 39 months

• 6.90 per cent for above 39 months to less than five years

• 6.20 per cent for five years to less than 66 months

• 6.70 per cent for 66 months (Green Deposit)

• 6.20 per cent for above 66 months to 10 years

The bank revised the rates on June 10, 2025.

Yes Bank

Yes Bank revised the rates on June 12, 2025. Yes Bank FD rates (for seniors) are:

• 7.25 per cent for 12 months

• 7.35 per cent for 12 months 1 day to 18 months

• 7.50 per cent for 18 months 1 day to less than 36 months

• 7.85 per cent for 36 months to less than 60 months

• 7.50 per cent for 60 months to 120 months

IDBI Bank

IDBI Bank offers senior citizens a maximum of 7.40. For them, IDBI bank FD rates are:

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

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

• 6.75 per cent for three years to five years

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

Special FD (Utsav FD)

• 7.35 per cent for 444 days

• 7.40 per cent for 555 days

• 7.25 per cent for 700 days

Special FD (Chiranjeevi-Super Senior Citizen FD)

• 7.50 per cent for 444 days

• 7.55 per cent for 555 days

• 7.40 per cent for 700 days

Its revised rates are effective from June 12, 2025.

Axis Bank

Axis Bank FD rates for senior citizens, effective June 12, 2025, are:

• 6.75 per cent for tenures from one year to less than 15 months

• 7.10 per cent for tenures from 15 months to less than two years

• 7.00 per cent for tenures from two years to less than five years

• 7.25 per cent for five years to 10 years

HDFC Bank

This private sector bank revised FD rates on June 12, 2025. HDFC Bank FD rates for seniors are:

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

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

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

• 6.95 per cent for tenures from 21 months to three years

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

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

IDFC First Bank

IDFC First Bank FD rates for seniors were revised on June 13, 2025. Seniors can avail of:                                                                                                               

• 6.75 per cent for one year

• 6.75 per cent for one year 1 day to 500 days

• 7.10 per cent for 501 days to two years

• 7.25 per cent for tenure from two years 1 day to five years

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

• 6.75 per cent for 375 days (Green Deposit)

Federal Bank

After the FD rates revision on June 12, 2025, Federal Bank FD interest rates for senior citizens are:

• 7.00 per cent for one year

• 7.20 per cent for above one year to 443 days

• 7.35 per cent for 444 days

• 7.20 per cent for 445 days to three years

• 7.00 per cent for above three years to 10 years

Kotak Mahindra Bank

The revised rates of Kotak Mahindra Bank became effective on June 9, 2025. Seniors can avail of:

• 6.75 per cent for 365 days to 389 days

• 7.00 per cent for 390 days (12 months 25 days)

• 7.10 per cent for 391 days to less than 23 months

• 7.10 per cent for 23 months

• 7.00 per cent for 23 months 1 day to less than two years

• 6.90 per cent for tenures from two years and less than five years

• 6.75 per cent for five years and above to 10 years

AU Small Finance Bank

This small finance bank (SFB) revised FD rates on June 10, 2025. AU SFB FD rates for seniors are:

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

• 7.50 per cent for tenures from 12 months 1 day to 24 months

• 7.75 per cent for 24 months 1 day to 36 months

• 7.50 per cent for 36 months 1 day to 45 months

• 7.25 per cent for tenure from 45 months 1 day to 120 months

Jana Small Finance Bank

Jana SFB revised FD interest on June 14, 2025. The rates for seniors are:

• 8.00 per cent for 181 to 365 days

• 8.25 per cent for above one year to two years (730 days)

• 8.25 per cent for above two years to three years (1095 days)

• 7.75 per cent for above three years to less than five years

• 8.20 per cent for five years (1825 days)

• 7.00 per cent for above five years to 10 years

North East Small Finance Bank

North East SFB revised FD rates on June 10, 2025. The latest rates for seniors are:

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

• 8.25 per cent for 12 months 1 day to 18 months

• 8.50 per cent for 18 months 1 day to 36 months

• 8.50 per cent for 36 months 1 day to 60 months

• 7.00 per cent for 60 months 1 day to 120 months.