Highest FD Interest Rates in July: Before putting money into a fixed deposit, people should always check what interest rates other banks are offering. It helps to know who’s giving better returns for the same time period. After RBI reduced the repo rate by 100 basis points across three policy meetings this year, most banks also cut down their FD and loan interest rates. But still, some banks are giving good rates on fixed deposits.
| Bank | Tenure | Interest (%) | Senior (%) |
|---|---|---|---|
| HDFC Bank | 18-21 months | 6.6 | 7.10 |
| ICICI Bank | 2-10 years | 6.6 | 7.10 |
| Kotak Mahindra Bank | 391 days-23 months | 6.6 | 7.10 |
| Federal Bank | 444 days | 6.7 | 7.2 |
| State Bank of India | 2-3 years | 6.45 | 6.95 |
| Bank of Baroda | 444 days | 6.6 | 7.10 |
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Highest FD Interest Rates in July:
1. HDFC Bank
HDFC Bank is giving 6.6% interest on fixed deposits that are between 18 to 21 months. If you’re a senior citizen, then you can earn even more 7.10% for the same time. These new rates started from June 25, 2025. So, if someone is planning to lock money for that period, HDFC is one of the good options.
2. ICICI Bank
ICICI Bank, which is also a private bank, has the same 6.6% interest but it’s for a longer time between 2 to 10 years. This could be helpful for people looking for long-term savings. Senior citizens will get 7.10%, just like HDFC.
3. Kotak Mahindra Bank
Kotak Mahindra Bank gives 6.6% on a fixed deposit if you invest for 444 days. It’s a very specific number of days, but that’s the rule. If you are a senior citizen, you will get 50 basis points more than the regular rate. These rates came into effect from June 18, 2025.
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4. Federal Bank
Federal Bank also offers a higher rate than most banks. It gives 6.7% interest on a fixed deposit if you choose the 444-day option. Just like Kotak, senior citizens can get 50 basis points more. This bank updated its interest rates on July 17, 2025.
5. State Bank of India (SBI)
SBI is a public sector bank and it’s offering 6.45% interest for fixed deposits between 2 to 3 years. For senior citizens, SBI adds 50 basis points extra. These are the newest rates as of July 15, 2025.
6. Bank of Baroda
Bank of Baroda gives 6.6% interest if you invest for 444 days, same as Kotak and Federal. Senior citizens also get 50 basis points extra here. These rates started from June 12, 2025.
