Several major banks, including SBI, HDFC Bank, and ICICI Bank, have reduced their fixed deposit (FD) interest rates after the bi-monthly monetary policy meeting on April 9, 2025. It is noteworthy that following this meeting, the Reserve Bank of India’s 25 basis point (bps) repo rate also saw a cut. This has also resulted in a noticeable dip in returns for depositors.
In this article, we have provided detailed information about the latest FD rates and the updated interest rates on fixed deposits of Rs 3 lakh and Rs 5 lakh over 1-year and 3-year tenures. Here is the listed information -
Latest FD interest rates -
State Bank of India (SBI) -
FD interest rates for 1-year tenure for general citizens - 6.70 percent
FD interest rates for 1-year tenure for senior citizens - 7.20 percent
FD interest rates for 3-year tenure for general citizens - 6.75 percent
FD interest rates for 3-year tenure for senior citizens - 7.25 percent
ICICI Bank -
FD interest rates for 1-year tenure for general citizens - 6.70 percent
FD interest rates for 1-year tenure for senior citizens - 7.20 percent
FD interest rates for 3-year tenure for general citizens - 6.90 percent
FD interest rates for 3-year tenure for senior citizens - 7.40 percent
HDFC Bank
FD interest rates for 1-year tenure for general citizens - 6.60 percent
FD interest rates for 1-year tenure for senior citizens - 7.10 percent
FD interest rates for 3-year tenure for general citizens - 6.75 percent
FD interest rates for 3-year tenure for senior citizens - 7.25 percent
Maturity on Rs 3 lakh investment for 1-year and 3-year FD -
State Bank of India (SBI) -
Estimated Maturity Value for 1-year tenure FD - Rs 3,20,610.68
Estimated Maturity Value for 3-year tenure FD - Rs 3,68,344.03
ICICI Bank -
Estimated Maturity Value for 1-year tenure FD - Rs 3,20,610.68
Estimated Maturity Value for 3-year tenure FD - Rs 3,68,344.03
HDFC Bank -
Estimated Maturity Value for 1-year tenure FD - Rs 3,20,295.46
Estimated Maturity Value for 3-year tenure FD - Rs 3,66,717.89
Maturity on Rs 5 lakh investment for 1-year and 3-year FD -
State Bank of India (SBI) -
Estimated Maturity Value for 1-year tenure FD - Rs 5,34,351.13
Estimated Maturity Value for 3-year tenure FD - Rs 6,13,906.72
ICICI Bank -
Estimated Maturity Value for 1-year tenure FD - Rs 5,34,351.13
Estimated Maturity Value for 3-year tenure FD - Rs 6,13,906.72
HDFC Bank -
Estimated Maturity Value for 1-year tenure FD - Rs 5,33,825.77
Estimated Maturity Value for 3-year tenure FD - Rs 6,11,196.48