Bank cut Rs 5.89 crore FD rate from 7.75% to 3.5%; Court orders higher interest

Can banks change the rate of returns for fixed deposits on non-renewal? The Delhi High Court has ruled in favour of a fixed deposit holder after a bank cut the interest rate on his Rs 5.89-crore FD from 7.75% to 3.5%.In its September 23, 2026, ruling, the Delhi High Court directed the bank to pay the highest applicable interest rate on the deposit, granting relief to the FD holder.What the case is aboutThe fixed deposit had been opened after a court order which arose from a dispute between two parties.