New Delhi: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) announced a repo repo rate cut of 25 basis points on April 9, 2025. With the reduction of 25 basis points, the repo rate now stands at 6 percent. There is a perception that banks may reduce the interest rates on fixed deposits after the RBI decision. In this article we inform you about the interest rates offered by the banks on three-year FD.
State Bank of India (SBI): Country’s largest sector public bank is offering 6.75 per cent interest to depositors and 7.25 per cent to senior citizens on 3-year fixed deposits.
Bank of Baroda (BOB): The bank is providing 7.15 percent interest to the general public on 3-year fixed deposits from 7th April 2025. At the same time, senior citizens will get interest on FD at the rate of 7.65 percent.
IDFC Bank: This private bank is offering interest at the rate of 6.8 percent to general citizens. For senior citizens, the bank is offering 7.3 percent returns on a three-year FD scheme.
HDFC Bank: The country’s largest private bank provides 7 percent interest on three-year fixed deposits to general citizens. The private lender offers 7.5 percent interest on FDs to senior citizens.
ICICI Bank: Country’s largest private sector bank is offering the same interest rate as HDFC Bank on three-year fixed deposits, that is, 7 per cent for general citizens and 7.5 per cent for senior citizens.
Kotak Mahindra Bank: This private lender is offering interest at the rate of 7 percent on three-year FDs to general citizens. It gives an interest rate of 7.5 percent to senior citizens.
Union Bank of India: This government bank offers 6.7 per cent interest to general citizens and 7.2 per cent to senior citizens on amounts less than Rs 3 crore.
State Bank of India offers 6.75% (7.25% for senior citizens), while HDFC Bank and ICICI Bank provide 7% (7.5% for senior citizens). Bank of Baroda offers 7.15% (7.65% for senior citizens), and other banks offer competitive rates. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
