FD Rate Change: Another bank has changed the interest rates of FD in August. People above 60 years of age are also getting extra interest. The new rates have been implemented. Let’s find out how much return will be received on how many days of investment?
FD Rate Change: Many financial changes are going to happen in September. Earlier, private sector Yes Bank has revised the interest rates of fixed deposits (FD rates). The revised rates have come into effect from 30 August 2025. The bank is offering interest ranging from 3.25% to 7% to the customers. Investors are advised to visit the official website or bank branch before investing.
This private bank is offering maturity slabs ranging from 7 days to 120 months to the customers. Even after the change, senior citizens will continue to get 0.50% additional interest. The interest rate for people aged 60 years and above is 3.75% to 7.75%. Senior citizens are getting 0.75% additional interest only on a maturity slab of 36 months to less than 60 months. Customers can invest a minimum of Rs 10,000.
Interest rate according to tenure
7 days to 14 days – 3.25%
15 to 45 days – 3.50%
46 to 90 days – 4.50%
91 days to 120 days – 4.75%
121 days to 180 days – 4.75%
181 days to 271 days – 6%
272 days to less than 12 months – 6.25%
12 months – 6.65%
12 months 1 day to less than 18 months – 6.75%
18 months 1 day to less than 24 months – 7%
24 months to less than 36 months – 7%
36 months to less than 60 months – 7%
60 months – 6.75%
60 months 1 day to 120 months – 6.75%
How much interest are the country’s largest private banks giving?
HDFC Bank has not made any change in the interest rates of fixed deposits in August. Currently, it is offering a minimum of 2.75% and a maximum of 6.60% interest to customers on tenures ranging from 7 days to 10 years. Senior citizens are also getting 0.25% additional interest.
ICICI Bank has also implemented new rates for FD on 30 August. After the revision, it is offering a minimum of 2.75% and a maximum of 6.6% interest to general citizens. Customers can avail the maximum interest on 5-year tax saver FD. The interest rate for senior citizens is 7.10%.
Kotak Mahindra Bank has also revised the interest rates of fixed deposits. The new rates are applicable from 20 August. This bank is offering interest ranging from 2.75% to 6.60% to ordinary citizens on tenures ranging from 7 days to 10 years.
Axis Bank has also revised the FD rates in August. New interest rates have come into effect from August 30. On investing less than Rs 3 crore, ordinary citizens have got interest ranging from 3% to 6.60%. Customers can invest from 7 days to 10 years.
Indusind Bank also changed the interest rates of fixed deposits on August 1. The minimum interest rate is 3.25% and the maximum is 7%. The bank is offering the highest interest on maturity slabs ranging from 1 year 1 month to 2 years.
