FD Rates: There is good news for those investing in fixed deposits (FD). While most banks of the country are losing interest on FDs, some banks are giving interest of 7.95 percent. Many major banks of the country have announced to give better returns to investors by changing the interest rates of FDs. According to the new rates applicable from 16 April 2025, senior citizens can now get an interest of up to 7.95% on FD. AU Small Finance Bank, IDFC First Bank and Bank of Maharashtra have revised their FD rates.
AU Small Finance Bank FD Rates: AU Small Finance Bank has implemented interest rates ranging from 3.75% to 7.75% for ordinary citizens and 4.25% to 8.25% for senior citizens. The highest interest rate is being given at 18 months FD – 7.75% to general investors and 8.25% to senior citizens. Senior citizens are getting 8.10% interest on FDs from 1 year to 15 months, which makes this bank an attractive option.
IDFC First Bank’s FD Rates: IDFC First Bank has also started paying interest up to 7.50% by changing its FD rates. This rate is applied at a period of 400 to 500 days for ordinary citizens. At the same time, senior citizens are getting 8% interest for this period. The bank is giving 3% to 6.5% returns on small period FDs.
FD Rates of Bank of Maharashtra: Bank of Maharashtra has implemented new rates with a maximum interest rate of 7.45%, which applies to special FDs of 366 days. Senior citizens can get interest on this scheme up to 7.95%. Common citizens are being given returns ranging from 2.75% to 7.45% and senior citizens from 3.25% to 7.95%. This increase in interest rates can give a big benefit to investors, especially senior citizens. In the current financial environment, where equity markets continue to fluctuate, FD is emerging as a safe and stable investment option.