New Delhi, June 12 -- As we know that the Reserve Bank of India (RBI) has cut its benchmark repo rate by 50 basis points in the third rate cut in a row, banks were quick to follow suit by resorting to rate cuts of loans as well as of fixed deposits (FDs).

Recently,HDFC Bank,ICICI Bank andIndian Bank cut their fixed deposit interest rates. Here we list out the interest rates offered by all top banks on their 1-year term deposits.

HDFC Bank: Thelargest private bank offers 6.25 percent on 1-year fixed deposit to regular citizens and 6.75 percent to senior citizens. The rates came into force on June 10 i.e., after theRBI rate cut.

ICICI Bank: Thisprivate sector bank also offers 6.25 percent on 1-year fixed deposit to regular citizens as we...