Bank of Baroda, Kotak Mahindra Bank revise FD interest rates: What investors should know

Bank of Baroda and Kotak Mahindra Bank have revised their FD interest rates for May 2025. Bank of Baroda has decreased rates for FDs less than ₹3 crore, while Kotak Mahindra Bank has lowered rates by 50 bps for specific tenures.

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Published : May 06 2025, 12:17 PM IST

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FD rates

Bank of Baroda and Kotak Mahindra Bank have changed FD rates for May 2025. Baroda reduced rates for FDs under ₹3 crore, while Kotak Mahindra lowered rates for a specific tenure.

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New interest rates

Bank of Baroda's new interest rates for select FD tenures below ₹3 crore are effective from May 5, 2025.

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Bank of Baroda

Following recent changes, Bank of Baroda offers FD rates between 4% and 7.10% for general citizens for tenures from 7 days to 10 years.

Senior citizens

Senior citizens will receive interest rates ranging from 4.50% to 7.60% at Bank of Baroda. Bank of Baroda now offers 7.10% interest on 444-day FDs for general citizens and 7.60% for senior citizens.

Kotak Mahindra

Super senior citizens will receive 7.70% interest on 444-day FDs at Bank of Baroda. Kotak Mahindra Bank's revised FD rates are effective from May 5, 2025.

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About the Author

Ajay Joseph

With over eight years of journalistic experience, Ajay Joseph Raj. P has been a dedicated member of the Asianet Newsable team, where he serves as the Chief Copy Editor. His expertise spans Business, Career, Stock Market, National, International, and viral/trending topics, with a knack for crafting compelling narratives that connect with diverse audiences.Before joining Asianet Newsable, Ajay honed his skills at OneIndia News and Opoyi English, gaining extensive experience in delivering impactful stories across various beats.