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Fixed Deposit (FD) Interest Rates

Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth. A fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good earning through it then fixed deposit is the way to go.

Comparison of Bank Fixed Deposit Interest Rates

60 Results found
Bank Name Maturity Period Deposit Amount Interest Rate
General Senior Citizen
Bharat Co-operative Bank Above 5 years Less than Rs. 15 lakh 7.65 8.10
Abu Dhabi Commercial Bank 1234 days Rs. 1 cr to 5 crs 7.60 -
City Union Bank (CUB) 1000 days Up to Rs. 1 cr 7.60 -
Kapole Co-operative Bank 181 days to less than 12 months Less than Rs. 15 lakh 7.50 7.50
Indus Ind Bank 3 years to below 61 months Less than Rs. 15 lakh 7.50 -
Bandhan Co-operative Bank 2 years to less than 5 years Less than Rs. 1 cr 7.40 7.90
Shamrao Vithal Co-operative Bank Mangal Moorti Scheme 24 mnths (simple int) Less than Rs. 1 cr 7.25 -
DCB Bank 36 months Less than Rs. 1 cr 7.25 -
Bassein Catholic Co-operative Bank Above 18 Months to 120 Months Less than Rs. 15 lakh 7.25 7.50
Kotak Bank 280 days to less than 12 months Rs. 1 cr and above to Less than Rs. 5 cr 7.25 -
Yes Bank 18 Months 8 Days to 18 Months 18 Days Less than Rs. 1cr 7.15 -
ICICI Bank 390 days to 2 years Less than Rs. 1 cr 7.10 -
IDBI Bank Above 2 yrs to less than 3 yrs less than Rs. 1cr 7.05 -
Punjab & Maharashtra Co-operative Bank 61 months to 120 months Less than Rs. 25 lakh 7.00 7.25
Zoroastrian Co-operative Bank Above 2 years upto 3 years Less than Rs. 1 cr 7.00 7.25
Karur Vysya Bank 3 years and above Less than Rs. 1 cr 7.00 -
Lakshmi Vilas Bank 1 year to 499 days Up to Rs. 1 cr 7.00 -
Thane Janata Sahakari Bank Above 60 months up to 120 months Less than Rs. 1 cr 7.00 -
The Ratnakar Bank 241 days to 364 days Rs. 1 cr and above to upto Rs 3 cr 6.95 -
South Indian Bank 92 days to 499 days Less than Rs. 10 lacs 6.90 -
Tamilnad Mercantile Bank 3 years to 1110 days Less than Rs. 15 lakh 6.90 -
Union Bank of India Union Tax Saver Scheme - 5 years to 10 Years Upto Rs. 1 lakh 6.85 -
Bank of Baroda 1 year and above up to 2 years Above Rs. 10 cr to Rs 25 cr 6.80 -
Punjab and Sind Bank 3 years to 5 Years Less than Rs. 1cr 6.80 -
Bandhan Bank 6 months to less than 1 year Less than Rs. 1 cr 6.80 7.30
Bombay Mercantile Co-operative Bank 1 year Less than Rs. 1cr 6.75 -
Syndicate Bank 1 year to 499 days Rs. 1 cr to Less than Rs. 5cr 6.70 -
State Bank of India (SBI) 1 year to less than 2 year Above Rs. 10 cr 6.70 7.20
Nainital Bank Naini Tax Saver Scheme - 5 years to 10 Years Upto Rs. 1 lakh 6.60 6.60
Allahabad Bank 3 years to less than 5 years Less than Rs. 1 crore 6.50 -
Bank of Maharashtra Mahabank Tax Saving Scheme - 5 Years Upto Rs. 1 lakh 6.50 7.00
Small Industries Development Bank of India 37 months to 60 months Less than Rs. 1 cr 6.50 7.00
HDFC Bank 8 years 1 day-10 years Less than Rs. 1 cr 6.50 -
Corporation Bank 555 days to less than 3 year Upto Rs. 1 lakh 6.50 -
Abhyudaya Co-operative Bank 5 years and up to 10 years Less than Rs. 1 cr 6.25 6.75
Dena Bank 3 years to less than 5 years Less than Rs. 1cr 6.25 6.75
Andhra Bank Above 5 years to 10 years Rs. 1 cr to less than Rs. 10 cr 6.25 -
Canara Bank 46 days to 60 days Less than Rs. 1cr 6.25 6.75
Saraswat Co-operative Bank Above 1 year up to 24 months 3 crore and above 6.15 -
Karnataka Bank 1 year to 2 years Above Rs. 1 cr and upto 10 crs 6.15 -
Standard Chartered Bank 90 days to 104 days Rs. 1 cr to Less than 2 cr 6.10 -
Catholic Syrian Bank Above 3 Year to and including 10 Years Rs. 1 cr and above 6.00 -
J&K Bank 2 years to less than 3 years Rs. 1 cr to less than Rs. 5 cr 6.00 -
Axis Bank 5 years to 10 years Rs. 25 cr to less than Rs. 50 cr 6.00 -
United Bank of India 2 years to less than 3 years Less than Rs. 1 cr 6.00 -
Janakalyan Sahakari Bank 5 years to 10 years Rs. 1 cr to less than Rs. 5 cr 5.75 -
Citi Bank 1096 days and above Less than Rs. 1 cr 5.75 -
Indian Overseas Bank 180 days to 269 days Upto Rs. 1 cr 5.75 -
Federal Bank 61 days to 90 days Less than Rs. 1 cr 5.70 6.20
Central Bank of India 60 days to 90 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
Vijaya Bank 61 days to 90 days Rs. 75 cr to 100 cr 5.25 -
HSBC 366 days to 399 days Less than Rs. 1cr 5.00 -
Deutsche Bank 30 days Less than Rs. 1 cr 5.00 -
Dhanalakshmi Bank 46 days to 90 days Less than Rs. 1 cr 5.00 -
Bank of India 8 years & above to 10 years Rs. 10 cr and above to less than Rs. 100 cr 5.00 -
Indian Bank 2 year to less than 3 years Rs. 1 cr to 5 crs 4.50 -
Oriental Bank of Commerce 46 days to 90 days Rs. 1 cr and above upto 10 crs 4.50 -
Punjab National Bank 1 year Rs. 1 cr to Rs. 10 cr 4.50 -
UCO Bank 46 days to 90 days above Rs. 5 Cr and less than 25 Cr 4.50 -
Royal Bank of Scotland 271 days upto 365 days Less than Rs. 1 cr 4.00 -

Why Bank FD Interest Rate Varies From Bank to Bank?

There are different kind of banks that are available in India, like public sector or nationalized banks, Indian private sector banks, foreign banks and cooperative banks.

Each category of banks have different interest rates and every bank have their own set of interest rate and it varies from bank to bank.

Banks are free to set their own interest rates, according to their own asset liability match. Banks therefore will hike deposit interest rates, if they need additional deposits. On the other hand they will reduce the interest rates, when they are not in need. They can also borrow from the RBI.

Why compare bank interest rates?

These days you can book a fixed deposit online, which means you do not have to bother to go to the nearest branch. What this means you can compare bank interest rates and book an FD online that offers the best or the highest interest rates. This makes comparison of interest rates imperative. We have given the below interest rates of all of the banks, which will help to compare interest rates on bank deposits and than invest. We urge readers to take a look before investing.

TDS on Bank Fixed Deposit Interest?

Remember, that Bank FDs attract a TDS, if the interest amount is over Rs 10,000. Therefore, it is imperative that you plan your FDs accordingly. You can submit tax saving form 15g or 15h, if you do not want tax to be deducted by the bank on the interest income of the fixed deposits.

Should you only look at Bank Fixed Deposit interest rates?

Bank deposits are relatively secure, unless you go for the smaller cooperative banks, some of which may not be very secure. So, you would probably only need to compare interest rates. There is no rating that is given to bank deposits, as they are more or less secure deposits. You can opt for both private and public sector banks, though the interest rates on these bank deposits hardly vary between these banks.

Public Sector / Nationalized Banks
Indian Private Sector Banks
Foreign Banks
Cooperative Banks
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