Best FD Returns? 5 Major Banks Revised Fixed Deposits, Savings Account Rates Ahead Of RBI Policy!

Best FD Rates: The major event for banking sector is the upcoming RBI policy, where the six-member monetary policy committee (MPC) will make a decision on key interest rates, especially repo rate. For banks, repo rate is pivotal since their deposits and lending benchmark rates are linked to repo rate. So if there is any fall or rise in repo rate, there is an impact on FDs, savings accounts, and term loan rates. That being said, 5 major banks have revised their FDs and savings account rates ahead of RBI policy in April 2025. Check List!

1. HDFC Bank FD Rates:

India's largest bank in terms of market valuation, HDFC Bank has revised its FD rates for deposits below Rs 3 crore with effect from April 1, 2025.

General category individuals earn highest rate of 7.25% on 18 months to

Senior citizens will earn a much higher rate of returns. The bank is offering a 7.75% rate on 18 months to

Yes Bank FD Rates:

The private lender also revised its FD rates below Rs 3 crore, with effect from April 1, 2025. General category individual gets to earn 7.75% on 12 months to

Senior citizens get 8.25% rate on 12 months to

ICICI Bank FD Rates:

ICICI Bank offers the highest rate of 7.25% to the general category on FDs less than Rs 3 crore with a 15-month to 2-year tenure. The rate is 7% on 2 Years 1 Day to 5 Years and 6.90% on 5 Years 1 Day to 10 Years tenures.

Furthermore, senior citizens earn the highest 7.85% in the maturity period from 14 months to less than 18 months. The rate is at 7.75% on 18months to 2 years, at 7.50% on 2 years 1 day to 5 years, and 7.40% on 5 Years 1 Day to 10 Years.

The new rates at ICICI Bank have come into effect from April 5, 2025.

Bandhan Bank Rates:

Bandhan Bank has revised its savings account deposit rates with effect from April 1. As per its website, interest of 3.00% per annum is applied for amounts up to ₹1 lakh, while 3.00% per annum is applied on the incremental balance over and above ₹1 lakh up to ₹5 lakh. Furthermore, 5.00% per annum is applied on the incremental balance over and above ₹5 lakh up to ₹10 lakh. The bank is offering 7.00% per annum on the incremental balance over and above ₹10 lakh up to ₹250 crore.

Moreover, Bandhan Bank is offering 8.05% per annum on the remaining balance over ₹1 lakh if EOD balance exceeds ₹250 crore. Lastly, 8.15% per annum is provided on the remaining balance over ₹1 lakh if EOD balance exceeds ₹500 crore.

Punjab & Sind Bank FD, Saving Account Rates:

This PSU bank has revised its both fixed deposits and savings account interest rates with effect from April 1, 2025.

Savings Account Rates: PSB is offering 2.60% rate on balance up to Rs 1 crore, while the rates are at 2.80% on balance above Rs 1 crore to Rs 50 crore; at 4.42% on balance above Rs 50 crore to Rs 100 crore; at 4.45% on balance above Rs 100 crore to Rs 500 crore, and lastly 4.9% rate on balance above Rs 500 crore.

FD Rates: PSB is offering 7.25% rate on FDs below Rs 3 crore on 375 days tenure. While the rate is at 7.10% on 444 days tenure.