New Delhi, Feb. 9 -- As Reserve Bank of India (RBI) has cut down repo rate by 50 basis points on Friday, triggering a rate cut cycle. Now, there is an expectation that banks would bring down the fixed deposit (FD) interest rates sooner than later.

So, this could be your last chance to lock your savings in fixed deposit if you so wish.

Here, we list out the interest rates offered on long term fixed deposits offered by top seven banks.

HDFC Bank: As one can see in the table below, HDFC Bank offers 7 percent on two-year FD and 7 percent on three-year FD as well. Senior citizens, meanwhile, are entitled to receive an extra 50 basis points.

ICICI Bank: This private bank offers 7.25 percent on two-year FD and 7 percent on three-year FD. At ...