High Court rules banks can't lower FD rates post booking
pre-market1 source ↓written by the desknot a recommendation
- with rates
- 10.75%
- per annum
- 10.25%
- at maturity
- ₹44 lakh
The Allahabad High Court ruled on 17 Nov 2025 that banks cannot retrospectively lower fixed deposit (FD) rates once booked, affirming contractual obligations. This decision protects depositors' rights, ensuring that the promised interest rates remain intact. The ruling stems from a case involving the Jain family, who had FDs with rates of 10.75% and 10.25% per annum, totaling ₹44 lakh at maturity.
Not investment advice. For informational purposes only.