FD Interest Rate: Big shock to customers, now you will get less interest on the FD of this bank..

FD interest rate: Investing money in FD is considered a safe option in today's time. Banks keep providing great interest on fixed deposits to attract investors.

As you all know, after the Reserve Bank of India cut the repo rate i.e. benchmark interest rate for the third consecutive time this year, home loan borrowers have got a lot of relief. However, banks have reduced the interest rates on FD.

After the 50 basis point cut in the repo rate, HDFC Bank has also changed the interest rates of fixed deposits. The country's largest private bank HDFC has cut its FD schemes by 25 basis points, due to which the annual interest on the investment will be reduced.

Now you will get this much interest.

HDFC Bank has made this cut on deposits of less than Rs 3 crore. Now ordinary citizens will get an annual interest of 2.75 percent to 6.15 percent on HDFC Bank's FD. At the same time, senior citizens will be given interest ranging from 3.25 percent to 6.65 percent.

The rule will be applicable from this day.

According to the information received through the official website of the bank, the new interest rates have come into effect from June 10, 2025. Earlier, HDFC Bank was giving great returns of up to 7.25% on 21-month FD, but now the maximum rate will be available only up to 6.6%.

This change in interest rates is part of the strategy of banks to adjust FD and loan rates after the repo rate cut by the Reserve Bank of India. Experts say that due to a reduction in repo rate, banks get cheaper loans, due to which they can reduce the interest rate on FD.

The bank decided on the cut by RBI.

Let us tell you that so far this year the Central Bank has cut the repo rate by 1 percent. In the monetary policy meeting of RBI held in February, a cut of 25 basis points was announced, while in April a cut of 25 basis points was made.

At the same time, in the monetary policy meeting held last week, a decision has been taken to cut 50 basis points (RBI News). Now RBI is not expected to cut interest rates for the next few months. Let us tell you that at present the repo rate is 5.50%.

Cut in cash reserve ratio also.

Apart from all this, the central bank (RBI latest updates) has also reduced the CRR i.e. cash reserve ratio by 100 basis points to 3 percent, due to which banks will get additional cash of Rs 2.5 lakh crore.

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