Are you going to put money in a Fixed Deposit? These 2 big banks have changed the interest rates. Check the latest rates now

Bank FD Rates: After the central bank RBI, reduced the interest rates for the second time in a row, the process of changing the interest rates of banks is continuing. Now joining this series, Bank of Baroda and Kotak Mahindra Bank have also revised the interest rates on their fixed deposits. The new interest rates of both these banks have come into effect from 5 May 2025.

According to the official website of Bank of Baroda (BoB), customers can get FD for a period of 7 days to 1 year. In this, they get interest ranging from 4 percent to 7.10 percent. Customers get the highest interest on the 444-day bob Square Drive Deposit Scheme.

Check the latest FD rates of Bank of Baroda here

Kotak Mahindra Bank FD Rates

Like Bank of Baroda, Kotak Mahindra Bank has also changed its interest rates. The new interest rates have come into effect from 5 May 2025. In this, customers can invest for 7 days to 10 years. The private bank gives interest ranging from 2.75 percent to 7.15 percent to its customers. However, senior citizens get 0.50 percent more benefit.

Check the latest FD rates of Kotak Mahindra Bank here