IndusInd Bank and Kotak Mahindra Bank, two leading banks of the private sector, have revised their interest rates on fixed deposits- former increasing the interest rate while the latter has reduced the interest offered on fixed deposits.
The change in the interest rates are an effect of the changing market conditions and shifts in liquidity in the economy.
Kotak Mahindra Bank has adopted a proactive strategy by implementing its third interest rate revision in April 2025. The latest adjustment, effective April 30, 2025, includes a marginal reduction of 10 basis points for a specific tenure and the introduction of a new short-term fixed deposit scheme.
While making the first change since February 2025, IndsInd bank has revised its FD interest rates for deposits less than Rs 3 crore, effective from April 29, 2025. The new rates of interest apply to both senior citizens as well as general depositors.
Kotak Mahindra Bank FD rates
Following the latest revision effective April 30, 2025, the bank now offers fixed deposit interest rates ranging from 2.75% to 7.15% for the general public on deposits below ₹3 crore.
For senior citizens, the rates range from 3.25% to 7.65% for the same deposit amount. The highest interest rate for the general public and senior citizens differ by 0.5 per cent.
As part of this update, the bank has made a minor adjustment by reducing the interest rate for the 390-day tenure (12 months and 25 days) by 10 basis points—from 7% to 6.9%. Additionally, a new 91-day fixed deposit option has been introduced, offering 5% interest for general customers and 5.50% for senior citizens.
| Maturity Periods - Premature Withdrawal Allowed | Less than Rs.3 Crore# (General) | Less than Rs.3 Crore# (Senior citizen) |
| 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 | 7.00% | 7.50% |
| 181 Days to 269 Days | 6.00% | 6.50% |
| 270 Days | 6.00% | 6.50% |
| 271 Days to 363 Days | 6.00% | 6.50% |
| 364 Days | 6.50% | 7.00% |
| 365 Days to 389 Days | 6.80% | 7.30% |
| 390 Days (12 months 25 days) | 6.90% | 7.40% |
| 391 Days - Less than 23 Months | 7.15% | 7.65% |
| 23 Months | 7.15% | 7.65% |
| 23 months 1 Day- less than 2 years | 7.05% | 7.55% |
| 2 years- less than 3 years | 6.90% | 7.40% |
| 3 years and above but less than 4 years | 6.90% | 7.40% |
| 4 years and above but less than 5 years | 6.90% | 7.40% |
| 5 years and above upto and inclusive of 10 years | 6.20% | 6.70% |
IndusInd Bank FD rates
Effective April 29, 2025, the bank has updated its fixed deposit interest rates. For deposits below ₹3 crore, general customers can now earn interest ranging from 3.50% to 7.75%, while senior citizens are offered rates between 4% and 8.25%. The highest interest rates—7.75% for general customers and 8.25% for senior citizens—are applicable to tenures starting from 15 months (1 year and 3 months) up to just under 16 months (1 year and 4 months).
IndusInd Bank has revised its fixed deposit interest rates, introducing several increases on short-term tenures while slightly reducing rates for select medium- and long-term deposits. For FDs with a tenure of 61 to 90 days, the rate has been raised from 4.75% to 5%.
The 121 to 180-day tenure now offers 7%, up from 5%, while 181 to 210-day deposits have increased from 5.85% to 7%. Similarly, rates for 211 to 269 days have been revised from 6.1% to 7%, for 270 to 354 days from 6.35% to 7%, and for 355 to 364 days from 6.5% to 7%.
On the other hand, interest rates for longer durations have been slightly reduced. Tenures from 1 year to below 1 year 3 months, 1 year 4 months to below 1 year 5 months, 1 year 5 months to below 1 year 6 months, and 1 year 6 months up to 2 years now offer 7.5%, down from 7.75%.
For durations above 3 years 3 months to below 61 months, as well as the Tax Saver (5-year) scheme, the rate has been revised from 7.25% to 7.1%.
| General | Senior Citizen | |
| Tenure | Rate | Rate |
| 7 days to 14 days | 3.5 | 4 |
| 15 days to 30 days | 3.5 | 4 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 5 | 5.5 |
| 91 days to 120 days | 7 | 7.5 |
| 121 days to 180 days | 7 | 7.5 |
| 181 days to 210 days | 7 | 7.5 |
| 211 days to 269 days | 7 | 7.5 |
| 270 days to 354 days | 7 | 7.5 |
| 355 days to 364 days | 7 | 7.5 |
| 1 Year to below 1 Year 3 months | 7.5 | 8 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 7.75 | 8.25 |
| 1 Year 4 months to below 1 Year 5 months | 7.5 | 8 |
| 1 Year 5 months to below 1 Year 6 months | 7.5 | 8 |
| 1 Year 6 Months up to 2 Years | 7.5 | 8 |
| Above 2 Years to below 2 Years 6 Month | 7.25 | 7.75 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.25 | 7.75 |
| 2 year 7 months to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 month | 7.1 | 7.6 |
| 61 month and above | 7 | 7.5 |
| Indus Tax Saver Scheme (5 years) | 7.1 | 7.6 |
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