{"id":1293201,"date":"2025-04-07T08:47:15","date_gmt":"2025-04-07T03:17:15","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1293201"},"modified":"2025-04-07T08:47:47","modified_gmt":"2025-04-07T03:17:47","slug":"hdfc-yes-bank-punjab-sind-bank-reduces-fd-interest-rate-more-banks-to-follow","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/hdfc-yes-bank-punjab-sind-bank-reduces-fd-interest-rate-more-banks-to-follow\/","title":{"rendered":"HDFC, Yes Bank, Punjab &amp; Sind Bank Reduces FD Interest Rate; More Banks To Follow"},"content":{"rendered":"\n<p>With the Reserve Bank of India\u2019s Monetary Policy Committee set to meet next week, several leading banks have already revised their fixed deposit (FD) rates downward. HDFC Bank, Yes Bank, and Punjab &amp; Sind Bank have all announced changes impacting both regular and senior citizen investors.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/04\/Screenshot-2024-12-01-at-9.43.53\u202fAM-1024x573.png\" alt=\"\" class=\"wp-image-1293214\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/04\/Screenshot-2024-12-01-at-9.43.53\u202fAM-1024x573.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/04\/Screenshot-2024-12-01-at-9.43.53\u202fAM-300x168.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/04\/Screenshot-2024-12-01-at-9.43.53\u202fAM-768x430.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/04\/Screenshot-2024-12-01-at-9.43.53\u202fAM-1536x860.png 1536w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/04\/Screenshot-2024-12-01-at-9.43.53\u202fAM-2048x1147.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>HDFC Bank Ends Special FD Scheme<\/strong><br>HDFC Bank discontinued its Special Edition FD scheme and introduced <a href=\"https:\/\/economictimes.indiatimes.com\/wealth\/invest\/ahead-of-rbi-mpc-these-3-banks-have-cut-fd-interest-rates\/articleshow\/119968337.cms?from=mdr\">new rates effective April 1, 2025.<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regular Citizens:<\/strong> FD rates now range between 3% and 7.25% for deposits under \u20b93 crore. The highest rate of 7.25% is available on tenures of 10 to less than 21 months.<\/li>\n\n\n\n<li><strong>Senior Citizens:<\/strong> Rates range from 3.5% to 7.75%, with the highest rate of 7.75% also offered on 10 to &lt;21 months.<\/li>\n<\/ul>\n\n\n\n<p><strong>Yes Bank Cuts Rates by 25 Basis Points<\/strong><br>Yes Bank has reduced its FD rates by <strong>0.25%<\/strong> on select tenures, signaling a possible trend in the sector.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>General Citizens:<\/strong> New rates range between 3.25% and 7.75% (down from 8%).<\/li>\n\n\n\n<li><strong>Senior Citizens:<\/strong> Rates now lie between 3.75% and 8.25% (down from 8.5%), with the highest offered on tenures of 12 to less than 24 months.<\/li>\n<\/ul>\n\n\n\n<p><strong>Punjab &amp; Sind Bank Reduces Multiple Rates, Ends Tenures<\/strong><br>Punjab &amp; Sind Bank made significant changes to its FD offerings, effective April 1, 2025:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Discontinued:<\/strong> Special tenures of <strong>333 days<\/strong> (7.72%) and <strong>555 days<\/strong> (7.45%) have been withdrawn.<\/li>\n\n\n\n<li><strong>Revised Rates:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>444 days<\/strong> \u2013 down from 7.30% to 7.10%<\/li>\n\n\n\n<li><strong>777 days<\/strong> \u2013 sharply down from 7.25% to 6.50%<\/li>\n\n\n\n<li><strong>999 days<\/strong> \u2013 reduced from 6.65% to 6.35%<\/li>\n\n\n\n<li>Special scheme deadline extended to <strong>June 30, 2025<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Is This the Start of a Sector-Wide Downtrend?<\/strong><br>The move by three major banks ahead of the RBI&#8217;s policy decision suggests that a downward cycle in FD rates could be on the horizon, prompting investors\u2014especially retirees\u2014to re-evaluate their investment strategies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the Reserve Bank of India\u2019s Monetary Policy Committee set to meet next week, several leading banks have already revised their fixed deposit (FD) rates downward. HDFC Bank, Yes Bank, and Punjab &amp; Sind Bank have all announced changes impacting both regular and senior citizen investors. HDFC Bank Ends Special FD SchemeHDFC Bank discontinued its [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1293214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[187],"tags":[1825,575],"class_list":["post-1293201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-fixed-deposit","tag-hdfc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HDFC, Yes Bank, Punjab &amp; Sind Bank Reduces FD Interest Rate; More Banks To Follow - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/hdfc-yes-bank-punjab-sind-bank-reduces-fd-interest-rate-more-banks-to-follow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDFC, Yes Bank, Punjab &amp; Sind Bank Reduces FD Interest Rate; More Banks To Follow - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"With the Reserve Bank of India\u2019s Monetary Policy Committee set to meet next week, several leading banks have already revised their fixed deposit (FD) rates downward. HDFC Bank, Yes Bank, and Punjab &amp; Sind Bank have all announced changes impacting both regular and senior citizen investors. HDFC Bank Ends Special FD SchemeHDFC Bank discontinued its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/hdfc-yes-bank-punjab-sind-bank-reduces-fd-interest-rate-more-banks-to-follow\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-07T03:17:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-07T03:17:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/04\/Screenshot-2024-12-01-at-9.43.53\u202fAM-1024x573.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"573\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/hdfc-yes-bank-punjab-sind-bank-reduces-fd-interest-rate-more-banks-to-follow\/\",\"url\":\"https:\/\/trak.in\/stories\/hdfc-yes-bank-punjab-sind-bank-reduces-fd-interest-rate-more-banks-to-follow\/\",\"name\":\"HDFC, Yes Bank, Punjab &amp; 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