ICICI and HDFC Bank cut FD interest rates again; check latest rates effective May 2025
Published on 27/05/2025 06:14 PM
Two major private sector banks, ICICI Bank and HDFC Bank, have reduced their fixed deposit (FD) interest rates once again. This comes after the Reserve Bank of India (RBI) cut its key interest rates for the second time in a row. Following the RBI's move, several public and private sector banks have been revising their FD rates downwards.
ICICI Bank has lowered its FD interest rates by 20 basis points. As per the bank's official website, the new rates are effective from May 27, 2025.
HDFC Bank has also reduced its FD interest rates. The revised rates have been implemented from May 23, 2025.
With these latest cuts, customers are advised to review their investment plans, especially those relying on fixed deposits for steady returns.
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