FD rates fall: Know major banks’ FD rates after RBI rate cut

Athira Sethu

Kochi, 22 Dec 2025

Following the recent 25-basis-point repo rate cut by the Reserve Bank of India (RBI), several major public and private sector banks have reduced their fixed deposit (FD) interest rates. The repo rate has been lowered from 5.50% to 5.25%, prompting banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, and Canara Bank to adjust their FD rates. While the changes make new FDs less attractive for general customers, senior citizens still receive higher interest rates.

State Bank of India (SBI) (Effective December 15)

Tenure	General Citizens	Senior Citizens
7 – 45 days	3.05%	3.55%
46 – 179 days	4.90%	5.40%
180 – 210 days	5.65%	6.15%
211 days – < 1 year	5.90%	6.40%
1 year – 2 years	6.25%	6.75%
2 years – 3 years	6.40%	6.90%
3 years – 5 years	6.30%	6.80%
5 years – 10 years	6.05%	7.05%

HDFC Bank (Effective December 17)

Tenure	General Citizens	Senior Citizens
7 – 14 days	2.75%	3.25%
15 – 29 days	2.75%	3.25%
30 – 45 days	3.25%	3.75%
46 – 60 days	4.25%	4.75%
61 – 89 days	4.25%	4.75%
90 days ≤ 6 months	4.25%	4.75%
6 months 1 day ≤ 9 months	5.50%	6.00%
9 months 1 day < 1 Year	5.75%	6.25%
1 Year < 15 months	6.25%	6.75%
15 months < 18 months	6.35%	6.85%
18 months < 21 months	6.45%	6.95%
21 months – 2 years	6.45%	6.95%
2 Years 1 day < 2 Years 11 Months	6.45%	6.95%
2 Years 11 Months ≤ 3 Years	6.45%	6.95%
3 Years 1 day < 4 Years 7 Months	6.40%	6.90%
4 Years 7 Months ≤ 5 Years	6.40%	6.90%
5 Years 1 day – 10 Years	6.15%	6.65%

ICICI Bank (Effective December 18)

Tenure	General Citizens	Senior Citizens
7 – 45 days	2.75%	3.25%
46 – 90 days	4.00%	4.50%
91 – 184 days	4.50%	5.00%
185 days – < 1 year	5.50%	6.00%
1 year – < 18 months	6.25%	6.75%
18 months – 2 years	6.40%	6.90%
2 years 1 day – 5 years	6.60%	7.20%
5-year Tax Saver FD	6.60%	7.20%
5 years 1 day – 10 years	6.60%	7.10%

Axis Bank (Effective December 18)

Tenure	General Citizens	Senior Citizens
7 – 29 days	3.00%	3.50%
30 – 45 days	3.25%	3.75%
46 – 87 days	4.00%	4.50%
88 days – < 6 months	4.50%	5.00%
6 months – < 9 months	5.50%	6.00%
9 months – < 1 year	5.75%	6.25%
1 year – < 15 months	6.25%	6.75%
15 months – < 5 years	6.60%	7.10%
5 years – 10 years	6.60%	7.35%

Canara Bank (Effective December 8)

Tenure	General Citizens	Senior Citizens
7 Days – 45 Days*	3%	3%
46 Days – 90 Days	4%	4%
91 Days – 179 Days	4.25%	4.25%
180 Days – 269 Days	5.25%	5.75%
270 Days – < 1 Year	5.5%	6%
1 Year & above – 1 year 3 months	5.9%	6.4%
444 Days*	6%	6.5%
555 Days*	6.15%	6.65%
Above 1 year 3 months – < 2 Years	5.9%	6.4%