Latest FD rates of Canara Bank, Axis Bank, Indian Bank, Kotak Mahindra Bank after RBI’s repo rate cut

After the Reserve Bank of India cut its repo rate by 50-basis-points on June 6, 2025, numerous banks have started adjusting their fixed deposit (FD) interest rates. For deposits less than Rs 3 crore, major lenders like Canara Bank, Kotak Mahindra Bank, IDFC FIRST Bank, ICICI Bank, HDFC Bank and Indian Bank have lowered rates on some tenures.

Latest Canara Bank FD interest rates

After revision, Canara Bank offers FD interest rate between 3.5% and 6.6% for general citizens, for senior citizens, the bank offers FD interest rate between 4% and 7.1% for amounts less than Rs 3 crore. The new rates are applicable from June 9, 2025.

The highest FD interest rate of 6.6% and 7.1% (senior) is offered on a tenure of 444 days.

Term Deposits (All Maturities)	General Public	Senior Citizen
	Rate of Interest (% p.a.)	Rate of Interest (% p.a.) #
7 Days to 45 Days	3.5	4
46 Days to 90 Days	4.5	5
91 Days to 179 Days	4.75	5.25
180 Days to 269 Days	5.75	6.25
270 Days to less than 1 Year	6	6.5
1 Year & above to 1 year 3 months Only	6.5	7
444 Days	6.6	7.1
Above 1 Year 3 months to less than 2 Years	6.5	7
2 Years & above to less than 3 Years	6.5	7
3 Years & above to less than 5 Years	6.5	7
5 Years & above to 10 Years	6.5	7

Latest Kotak Mahindra Bank FD rates

After revision, Kotak Mahindra Bank offers FD interest rate between 2.75% and 6.6% for general citizens, for senior citizens, the bank offers FD interest rate between 3.25% and 7.1% for amounts less than Rs 3 crore. The new rates are applicable from June 9, 2025.

Big hit to depositors: HDFC Bank reduces FD and savings account rates

The highest FD interest rate of 6.6% and 7.1% (senior) is offered on tenure of 391 days to 23 months.

	Regular	Senior Citizen*
Maturity Periods - Premature Withdrawal Allowed	Less than Rs.3 Crore#	Less than Rs.3 Crore#
7 - 14 Days	2.75%	3.25%
15 - 30 Days	3.00%	3.50%
31 - 45 Days	3.25%	3.75%
46 - 90 Days	3.50%	4.00%
91 Days	5.00%	5.50%
92 Days - 179 Days	4.25%	4.75%
180 Days	6.50%	7.00%
181 Days to 269 Days	5.75%	6.25%
270 Days	5.75%	6.25%
271 Days to 363 Days	6.00%	6.50%
364 Days	6.00%	6.50%
365 Days to 389 Days	6.25%	6.75%
390 Days (12 months 25 days)	6.50%	7.00%
391 Days - Less than 23 Months	6.60%	7.10%
23 Months	6.60%	7.10%
23 months 1 Day- less than 2 years	6.50%	7.00%
2 years- less than 3 years	6.40%	6.90%
3 years and above but less than 4 years	6.40%	6.90%
4 years and above but less than 5 years	6.40%	6.90%
5 years and above up to and inclusive of 10 years	6.25%	6.75%

IDFC FIRST Bank FD interest rates

After revision, IDFC FIRST Bank offers FD interest rates between 3% and 7% for general citizens, for senior citizens, the bank offers FD interest rate between 3.5% and 7.50% for amounts less than Rs 3 crore. The new rates are applicable from June 9, 2025.

The highest FD interest rate of 7% and 7.5% (senior) is offered on a tenure of 425 days.

Latest Indian Bank FD interest rates

After revision, Indian Bank offers FD interest rate between 2.80% and 6.9% for general citizens, for senior citizens, the bank offers FD interest rate between 3.25% and 7.40% for amounts below Rs 3 crore. The new rates are applicable from June 9, 2025.

The highest FD interest rate of 6.9% and 7.4% (senior) is offered on a tenure of 444 days.

Latest HDFC Bank FD interest rates

After the FD rate cut, HDFC Bank offered FD interest rates between 2.75% and 6.60% for general citizens and 3.25% and 7.10% for senior citizens. The revised rate are applicable from June 10, 2025.
The highest FD interest rate of 6.6% and 7.1% (senior) is offered on tenure of 18 months to less than 21 months.

Tenor Bucket	< 3 Crore
	Interest Rate (per annum)	**Senior Citizen Rates (per annum)
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 days < = 9 months	5.50%	6.00%
9 months 1 day to < 1 year	5.75%	6.25%
1 year to < 15 months	6.25%	6.75%
15 months to < 18 months	6.60%	7.10%
18 months to < 21 months	6.60%	7.10%
21 months - 2 years	6.45%	6.95%
2 Years 1 day to < 2 Year 11 Months	6.45%	6.95%
2 Years 11 Months - 35 Months	6.45%	6.95%
2 Years 11 Months 1 day < = 3 Year	6.45%	6.95%
3 Years 1 day to < 4 Years 7 Months	6.40%	6.90%
4 Year 7 Months - 55 months	6.40%	6.90%
4 Year 7 Months 1 day < = 5 Years	6.40%	6.90%
5 Years 1 day - 10 Years	6.15%	6.65%

Latest ICICI Bank FD interest rates

After the revision, ICICI Bank offers FD interest rates between 3% and 6.6% to general citizens for amounts below Rs 3 crore; for senior citizens, the rates vary between 3.5% and 7.1%. The revised rate are applicable from June 9, 2025.

After RBI's repo rate cut, ICICI Bank reduces interest rates on fixed deposits; check latest FD rates in June 2025

The highest FD interest rate of 6.6% and 7.1% (senior) is offered on tenure of 2 years 1 day to 5 years.

Tenure	With Premature Withdrawal facility
	General Citizen	Senior Citizen
7 to 45 Days	3%	3.50%
46 to 90 Days	4%	4.50%
91 to 184 Days	4.50%	5%
185 to 270 Days	5.50%	6%
271 Days to < 1 Year	5.75%	6.25%
1 Year to < 15 Months	6.25%	6.75%
15 Months to < 18 Months	6.35%	6.85%
18 Months to 2 Years	6.50%	7%
2 Years 1 Day to 5 Years	6.60%	7.10%
	HIGHEST	HIGHEST
5 Years 1 Day to 10 Years	6.60%	7.10%
5Y (Tax Saver FD)	6.60%	7.10%

Source: From bank website