FD Interest Rates: Bank of Baroda and Kotak Mahindra Bank have changed their FD interest rates for May 2025. Bank of Baroda has reduced the interest rates of FDs with less than Rs 3 crore, while Kotak Mahindra Bank has cut the interest rate of 50 basis points (BPS) in the interest rate for FD of a fixed period. These changes have been made after his earlier changes in April 2025.
New interest rates of Bank of Baroda applicable from today
Bank of Baroda has reduced the interest rates of FDs of a select period with less than Rs 3 crore. The new rates will be applicable from May 5, 2025. The bank had earlier also changed the FD interest rates in April 2025. After this latest change, Bank of Baroda will provide interest rates between 4 percent to 7.10 percent on FDs from 7 days to 10 years. Whereas senior citizens will be given interest ranging from 4.50 percent to 7.60 percent to senior citizens.
Now less interest will be available on 444 days FD
On the FD scheme with a duration of 444 days, the bank of Baroda will now give 7.10 percent interest to the common people and the senior citizens will be given an interest of 7.60 percent. Apart from these, super senior citizens will be given an interest of 7.70 percent. Let us tell you that earlier, on 444 days FD, Bank of Baroda was paying 7.15 percent to ordinary citizens, 7.65 percent to senior citizens and 7.75% to super citizens.
Kotak Mahindra Bank reduced interest on 180 days FD
Similarly, Kotak Mahindra Bank of the private sector has reduced it from 7 percent to 6.50 percent in the interest rates given on FD with a duration of 180 days to 6.50 percent. The new rates have become effective from May 5, 2025. The bank had earlier also changed the interest rates of FD with some select periods on 30 April, 2025.
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