FD rate cut ahead of RBI MPC: HDFC Bank, Yes Bank, Punjab & Sind Bank cut FD interest rate

Several banks, including HDFC Bank, Yes Bank, and Punjab & Sind Bank, have revised their fixed deposit interest rates ahead of the RBI's upcoming Monetary Policy Committee meeting. These revisions impact both general investors and senior citizens, with notable reductions in rates and discontinued schemes starting from April 1, 2025.