Banks Cuts FD Rates: Latest FD Interest Rate July 2025

The Reserve Bank of India has recently cut down the repo rate by 50 basis point to 5.5% from 6% in June 2025. After this rate slash, some private and public sector banks lowered the FD interest rate for deposit amounts less than Rs 3 crore. Continue reading to check Bank’s latest FD interest rates.

Canara Bank Latest FD Interest Rates

Canara Bank has revised rates for amounts less than 3 crores after RBI repo rate cut. Canara bank after the revision offers 3.5% to 6.6% interest rates to general citizens. The bank offers 4% to 7.1% to senior citizens. The new rates came into effect on June 9, 2025. In the table given below are the Canara bank latest interest rates offered by the bank-

Tax Saver Deposit scheme offers 6.70% to the general Public. Canara bank also offers an additional rate of interest of 0.60% for Super Senior Citizens for 444-days FD.

Indian Bank Latest FD Interest Rates

RBI’s recent repo rate cut has triggered Indian bank FD interest rates. The bank has revised its rates and offers 2.80% to 6.9% for general citizens. The latest interest rate offered to senior citizens is 3.25% to 7.40% for deposits below Rs 3 crore. These new interest rates came into effect from June 9, 2025. Check table given below with the Indian Bank FD interest rates.

The bank offers an additional interest rate of 0.50% to senior citizens for deposits less than 3 crores. 

HDFC Bank Latest FD Interest Rates

HDFC Bank has recently reduced its FD interest rates for deposits below 3 crore. These new rates came into effect on June 10, 2025. HDFC bank now offers 2.75% to 6.60% interest rate to general citizens. The bank offers 3.25% to 7.10% interest rate for senior citizens. Check the HDFC Bank FD interest rates in the table given below-

ICICI Bank Latest FD Interest Rates

ICICI bank now offers 3% to 6.6% to general citizens for deposit below Rs 3 crore. The revised interest rate for senior citizens is 3.5% to 7.1%. These fixed deposit interest rates came into effect on June 9, 2025. Below table highlights the ICICI bank interest rate- 

IDFC FIRST Bank Latest FD Interest Rates

IDFC bank slash the interest rates after RBI third repo rate cut this year. The bank now offers 3% to 7% for general citizens for deposits less than Rs 3 crore. The latest interest rates offered to senior citizens is 3.5% to 7.50%. These new interest rates came into effect from June 9, 2025. The table below outlines the IDFC First Bank FD interest rates offered by the bank-

The Bank offers an additional rate of interest to senior citizens of around 0.50% and tax saver FDs around 6% interest. The green deposits of 375 days earn around 6.75% of interest.

Kotak Mahindra Bank Latest FD Interest Rates

Kotak Mahindra Bank has reduced the FD interest rate after the RBI repo rate cut. The bank offers 2.75% to 6.6% to general citizens for deposits less than Rs 3 crore. The latest interest rate offered to senior citizens is 3.25% to 7.1%. These new FD interest rates came into effect from June 9, 2025. The following table shows Kotak Mahindra bank FD interest rates-

Conclusion

Following Repo Rate cut, Several banks have revised their FD interest rates. While senior citizens still enjoy slightly higher returns. If you're planning to invest in a fixed deposit, this could be the right time to lock in current rates before they potentially fall further. Keep an eye on repo rate trends and always compare across banks to make the most of your investment.