Reserve Bank of India (RBI) In February 2025, the repo rate cut 25 basis points (25 bPS). After this the repo rate has been reduced from 6.50% to 6.25%. After this, where many banks have reduced interest rates on all kinds of loans including home loans. On the other hand, the interest rates received on fixed deposits (FD) have changed. In such a situation, if you are thinking of getting FD, then first check the interest rate. Today we are telling you about 6 banks that have changed the interest rates on FD in February.
City union bank
City Union Bank has changed the interest rate on FD of less than Rs 3 crore. After the amendment, the bank is providing interest rate between 5% to 7.50% per year for a period from 7 days to 10 years. The bank currently provides interest rates between 5% to 8% per year for senior citizens. The bank is offering the highest interest rate on a period of 333 days. The general public can take 7.50% per year interest on a period of 333 days. On the other hand, senior citizens are getting interest at the rate of 8% per year on a period of 333 days.
DCB Bank
DCB Bank has reduced interest rates on FDs below Rs 3 crore. However, FD interest rates have been reduced only for select periods. After the amendment, DCB bank offers interest rates between 3.75% and 8.05% per year on FD zodiac signs. The interest rate applies to FD periods between 7 days to 10 years. General citizens are given the highest interest rate of 8.05% on FD over a period of 19 months to 20 months. On the same period, senior citizens can earn 8.55% per year. The revised FD rates are effective from February 14, 2025.
Karnataka bank
Karnataka Bank has amended FD interest rates at an amount of less than Rs 3 crore. The bank currently provides interest rates between 7 days to 10 years between 3.50% and 7.50% per year for ordinary citizens. For senior citizens, the bank provides interest rates between 3.75% and 8% per year for the same period. The bank is offering a highest interest rate of 7.50% per year for a period of 401 days.
Shivalik Small Finance Bank
Shivalik Small Finance Bank has reduced its interest rates on fixed deposits (FD). According to its website, Shivalik Small Finance Bank now offers an interest rate of 3.50% to 8.55% per year on FD for ordinary citizens and 4% to 9.05% per year for senior citizens. The general public can take the highest interest rate of 8.55% per year at a period of 12 months, 1 day and 18 months.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank has amended its fixed deposit interest rates for deposit less than Rs 3 crore. Small Finance Bank has also amended its savings account interest rates. According to its website, Ujjivan Small Finance Bank now offers an interest rate of 3.75% to 8.25% per year on FD for ordinary citizens and 4.25% to 8.75% per year for senior citizens.
Sunrise small finance bank
Sunrise Small Finance Bank has amended its fixed deposit (FD) interest rates for deposit less than Rs 3 crore. The revised interest rates will be effective from February 1, 2025. According to its website, sunrise small finance bank now offers an interest rate of 4% to 8.60% per year on FD and 4.50% to 9.10% per year for senior citizens. The bank is offering 8.60% per year highest FD interest rate.
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