If you are thinking about putting money in a bank fixed deposit (FD), then the news is not good for you. In 2025, the interest rates of FD are a decline trend. The main reason for this is RBI’s monetary policy. RBI began to reduce the repo rate. After this, banks are also reducing interest rates on FDs. RBI has reduced the repo rate twice this year. He lacked the first 25 basis points in February. Then in April he lacked 25 basis points. It has come down from 6.5 per cent to 6 per cent.
SBI has reduced interest rates twice
State Bank of India (SBI) At the forefront of reducing interest rates on FD. He has reduced 20 basis points in the interest rates of FDs of different periods. This shortage has come into effect from 16 May. SBI also reduced the interest rate on FD on 15 April. Other banks have also reduced interest rates on FDs. Due to this, the interest rates on 7-45 days deposit of more than Rs 3-4 crore have been reduced to 3.3 percent. Earlier it was 3.5 percent. The interest rates on long -term FD have come down to 6.7 per cent, which was 6.9 per cent earlier.
Special scheme ‘Amrit Vrishti’ also reduces interest rates
Senior Cities get more interest on FD. Earlier, he used to get interest between 4 to 7.5 percent on FD. Now he is getting 7.3 percent interest on 5-10 years of FD. SBI has reduced the interest rate from 7.05 per cent to 6.85 per cent in its special scheme ‘Amrit Vrishti’ (Amrit Vrishti ‘. For senior cities, it has been reduced from 7.55 per cent to 7.35 per cent. It is now 7.45 percent for Super Senior Cities.
HDFC Bank has reduced 50 basis points
Other banks have also reduced interest rates on FDs. HDFC Bank has reduced the interest rates in the interest rates at FDs of a few selected periods. Now the bank is offering an interest rate of 3 to 7.1 percent to the common customers, while the senior cities are offering 3.5 to 7.55 percent. These rates are for deposits of less than Rs 3 crore.
ICICI Bank and Axis Bank also gave a shock to customers
ICICI Bank also announced a reduction of up to 50 basis points in the interest rates of FD on 17 April. Currently, he is offering an interest of 3 to 7.05 per cent on FDs to common customers and senior cities. Axis Bank has also reduced interest rates on FD. Now the bank is offering 3 to 7.55 percent interest on FDs of less than Rs 3 crore.
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Senior citizens the most troublesome
Many people in India still prefer to keep money in Senior Citizens Bank FD. They find it the safest. Many senior citizens depend on the interest from FD for their necessary expenses. The interest of banks will also reduce their interest income. You can understand this with an example. A reduction of 20 basis points in SBI interest will now have an interest of Rs 1,000 to 2,000 annually on FDs of Rs 5 lakh for 5 lakh rupees.