Bank of Maharashtra and ICICI Bank revised their FD interest rates during the week ending January 18, 2025. Senior citizens can avail of a maximum of 7.95 per cent after the revision. Earlier this month, SBI launched 'SBI Patron', a new deposit scheme for super citizens (80 years and above), and now, IDBI Bank joined the wagon by launching ‘IDBI Chiranjeevi-Super Senior Citizen FD’ this week. Let us check the details.

Bank Of Maharashtra (BoM):

The bank updated its fixed deposit (FD) interest rates on January 14, 2025, for FDs below Rs 3 crore. Seniors are offered an additional 50 basis points (0.50 per cent) interest over the card rates (rates for general pubic) for all FD tenures of 91 days and above. Here are the latest rates available for general public:

• 5.00 per cent for 91-119 days

• 5.25 per cent for 120-180 days

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• 5.75 per cent for 181-364 days

• 6.75 per cent for 365 days/one year

• 6.50 per cent for five years to 10 years.

• For the special term FDs, the rates offered are:

• 6.90 per cent for 200 days

• 7.45 per cent for 366 days

• 7.40 per cent for 555 days

• 7.25 per cent for 777 days.

Also Read: RBI Asks Banks To Use Only '1600xx' Series Phone Numbers To Call Customers For Transactional Purposes

ICICI Bank:

This private sector bank revised FD rates during this week. Effective from January 18, 2025. The highest rate available to seniors is 8.85 per cent, with an additional rate of 0.60 per cent for 15 to 18 months tenure. For all other tenures, it offers 0.50 per cent extra to seniors. The rates for senior citizens are:

• 5.25 per cent for 91 to 184 Days

• 6.25 per cent for 185 to 270 Days

• 6.50 per cent for 271 Days to < 1 Year

• 7.20 per cent for 1 Year to < 15 Months

• 7.85 per cent for 15 Months to < 18 Months

• 7.75 per cent for 18 Months to 2 Years

• 7.50 per cent for 2 Years 1 Day to 5 Years

• 7.40 per cent for 5 Years 1 Day to 10 Years.

Also Read: Where To Go If Your Complaint Is Rejected Or You Are Unsatisfied With Your Bank’s Response?

IDBI Bank:

The bank has not revised its FD rates but launched a new FD for super senior citizens (80 years and above) effective January 13, 2025. The newly launched ‘IDBI Chiranjeevi-Super Senior Citizen FD’ is exclusively for resident Indians. Super seniors can receive a maximum of 8.05 per cent, which is 0.65 per cent above the general public rates and 0.15 per cent above the rates for senior citizens.

These special FDs are offered for four tenures. These will be valid only for the respective FD tenure. Here are the interest rates:

• 7.90 per cent for 375 days

• 8.00 per cent for 444 Days

• 8.05 per cent for 555 Days

• 7.85 per cent for 700 Days.