BoM, Dhanlaxmi, And IndusInd Bank Revise FD Interest, Up To 8.25 Per Cent For Seniors

Three banks revised their fixed deposit interest rates during the week ending March 1, 2025. While the market is reeling under pressure, and the Nifty witnessed the longest losing streak in 29 years in February, guaranteed income fixed deposits (FDs) emerge as a safe investment option. Although the returns from FDs cannot be compared to equity returns and may fall short of keeping up with inflation, their guaranteed return makes them valuable components for a balanced portfolio. 

Here are the rates of these three banks that revised FD interest rates this week.

Also Read: Financial Instability, Health Issue Top Fears In Retirement  

Bank Of Maharashtra:

The bank revised its FD rates on February 26, 2025. The revised rates are:

• 5.00 per cent for 91 days to 119 days

• 5.25 per cent for 120 days to 180 days

• 5.75 per cent for 181 days to 364 days

• 6.75 per cent for 365 days

• 6.50 per cent for above one year to 10 years.

It offers a few special tenure FDs as well, for which the rates are:

• 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 (Green Deposit).

It offers 0.50 per cent (50 basis points) additional interest to senior citizens on 91 days and above FDs.

Also Read: Universal Pension Scheme for All Indians: Govt. Proposes Umbrella Initiative, Likely to Integrate Existing Pension Programs 

Dhanlaxmi Bank:

The bank has revised the FD rates again, effective March 3, 2025, after the last revision on February 14, 2025. The highest rate for seniors is 7.75 per cent, including the additional 50 bps interest.  The highest rate for seniors is available on one-year and above tenure FDs. Here are the interest rate details for seniors:

• 5.00 per cent for 180 days to less than one year

• 7.25 per cent for 300 days

• 7.25 per cent for one year to two years

• 7.75 per cent for 400 days (For online FD creation, use 13 months and 4 days)

• 7.00 per cent for above two years to three years

• 7.75 per cent for above three years to five years

• 7.10 per cent for above five years to 10 years.

Also Read: EPFO Retains 8.25% Interest on PF Deposits for FY 2024-25

IndusInd Bank:

This private sector bank offers a maximum of 8.25 per cent to seniors.  It revised the rates on February 24, 2025. The interest rates for seniors are:

• 5.25 per cent for 91 days to 120 days

• 5.50 per cent for 121 days to 180 days

• 6.35 per cent for 181 days to 210 days

• 6.60 per cent for 211 days to 269 days

• 6.85 per cent for 270 days to 354 days

• 7.00 per cent for 355 days to 364 days

• 8.25 per cent for one year to two years

• 7.75 per cent for above two years to below 61 months

• 7.50 per cent for 61 months and above.