Fixed Deposit Rates 2025: Major banks like State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and IDBI Bank have recently launched new fixed deposit (FD) schemes in January 2025. These new product offerings come with higher interest rates, more flexibility, and special options catering to specific customer groups.
Here’s a look at the fresh FD schemes launched by these banks in 2025:
State Bank of India’s new FD scheme for retail and super senior citizens
SBI Patrons FD: This special FD scheme is for super senior citizens (80 years and above). It offers an extra 0.10% interest over the regular senior citizen rates, with a 7.6% interest rate for a tenure of 2-3 years.
Apart from this, the PSU lender has launched Har Ghar Lakhpati RD Scheme, a recurring deposit plan, designed to help customers save Rs 1 lakh or more over time. It’s easy to use and even available for minors, encouraging young savers to start early.
Also read: 9.5% FD rates! Top 10 banks offering high returns for 3-year fixed deposits – Full list here
Punjab National Bank’s FD options with better rates
PNB has introduced two new FD tenures:
303-day FD: Offers 7% interest for general citizens.
506-day FD: Offers 6.7% interest for general citizens. These new options, effective from January 1, 2025, give customers more flexibility. PNB also offers an additional 0.50% interest for senior citizens on these tenures.
IDBI Bank: Super Senior Citizen-Focused FD
IDBI Bank has launched the IDBI Chiranjeevi-Super Senior Citizen FD, a special scheme for customers aged 80 years and above. It offers attractive rates:
555 days: 8.05% per annum
375 days: 7.90% per annum
444 days: 8.00% per annum
700 days: 7.85% per annum These options allow for flexibility, catering to various investment timelines.
Bank of Baroda: Liquid Fixed Deposit for Flexibility
Bank of Baroda has launched Liquid Fixed Deposit for retail investors. This unique FD product allows partial withdrawals without closing the entire deposit. It ensures that customers can access funds when needed while still earning interest on the remaining balance. Interest rates for this scheme are aligned with regular FD rates,
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