IDFC First Bank, Dhanlaxmi Bank, and Equitas Small Finance Bank revised FD rates in the first week of November
Rate adjustments in line with the cut in RBI's repo rate
Revised rates effective from November 3 and 4, 2025, for the mentioned banks
Three banks revised their fixed deposit (FD) rates during the week ending November 8, 2025. These banks include IDFC FIRST Bank, Dhanlaxmi Bank, and Equitas Small Finance Bank (SFB). As the banks have to keep their deposit and lending rates aligned with the Reserve Bank of India’s (RBI) repo rate, a 100 basis points cut in the repo rate this year led the banks to reduce their interest rates in line with it.
This week, amid reduced interest rates and a volatile market scenario, these three banks revised their deposit rates. Here are the revised rates for FDs below Rs 3 crore.
IDFC FIRST Bank
This private sector bank revised its deposit rates on November 4, 2025. After revision, it offers senior citizens the highest deposit rate of 7.50 per cent, including the additional 50 basis points (0.50 per cent) available to senior citizens. Here is the detail of its FD rates for one year and above tenures:
6.80 per cent for one year
6.80 per cent for one year one day to 370 days
7.00 per cent for 371 days to 449 days
7.50 per cent for 450 days to two years
7.50 per cent for two years one day to five years
6.50 per cent for five years one day to 10 years
Dhanlaxmi Bank
Dhanlaxmi Bank revised its FD rates with effect from November 3, 2025. Seniors can avail of a maximum of 7.30 per cent for 400 days. The bank reduced this rate by 10 bps from the previous 7.40 per cent. For seniors, the rates are:
6.75 per cent for one year to two years
7.30 per cent for 400 days (13 months and 4 days for online FD)
7.00 per cent for more than two years to three years
7.00 per cent for more than three years to five years
7.10 per cent for more than five years to 10 years
Equitas Small Finance Bank
This week, Equitas SFB also revised its rates, offering seniors a maximum of 7.80 per cent for ‘888 days’ tenure, reduced from 7.90 per cent it offered earlier. The rates for other tenures for seniors are as follows.
7.50 per cent for one year to 443 days
7.60 per cent for 444 days
7.50 per cent for 445 days to 18 months
7.50 per cent for 18 months one day to two years
7.50 per cent for two years one day to 776 days
7.60 per cent for 777 days
7.50 per cent for 778 days to 887 days
7.80 per cent for 888 days
7.50 per cent for 889 days to three years
7.50 per cent for three years one day to four years
7.50 per cent for four years one day to five years
7.50 per cent for five years one day to 10 years
These rates became effective from November 3, 2035.
