The Reserve Bank of India has lowered the repo rate by 25 basis points to 6.25%, marking its first reduction since 2020. 

Following the repo rate cut, several banks revised their fixed deposit (FD) rates, mostly to the downside.

DCB Bank revised its interest rates on fixed deposits, reducing them by up to 65 basis points, effective February 14, 2025.

Shivalik Small Finance Bank also announced a reduction in its fixed deposit interest rates after the RBI’s recent repo rate cut.

Shivalik Small Finance Bank's new rates now range from 3.50% to 8.55% for general citizens and 4% to 9.05% for senior citizens.