Home  »  Banking  »  Bank FD Interest Rates

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

52 Results found
Bank Name Maturity Period Deposit Amount Interest Rate
General Senior Citizen
Deutsche Bank DB Tax Saver Deposits - 5 years Upto Rs. 1 lakh 8.25 8.25
Punjab & Maharashtra Co-operative Bank 37 months to 60 months Less than Rs. 25 lakh 7.25 -
Yes Bank Tax Saver Deposits - 5 years Upto Rs. 1 lakh 7.25 7.75
Bombay Mercantile Co-operative Bank Mercantile Co-operative Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.00 7.00
Kapole Co-operative Bank Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.00 -
Thane Janata Sahakari Bank KAR-BACHAT - Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.00 7.50
Punjab and Sind Bank PSB Fixed Deposit Tax Saver Scheme Upto Rs. 1 lakh 6.80 7.30
The Ratnakar Bank 60 months to 120 months Less than Rs. 2 cr 6.75 7.25
DCB Bank More than 60 months to 120 months Less than Rs. 2 cr 6.75 -
Small Industries Development Bank of India 14 months to 36 months Less than Rs. 1 cr 6.75 7.25
Punjab National Bank PNB Tax Saver Fixed Deposit Scheme - 5 Years to 10 years Upto Rs. 1 lakh 6.70 -
Allahabad Bank Tax Benefit Term Deposit Scheme - 5 years Less than Rs. 1 cr 6.50 -
Catholic Syrian Bank CSB Tax Savings Support - Income - 5 Years Upto Rs. 1 lakh 6.50 -
J&K Bank 1 years to less than 2 year Rs. 1 cr to less than Rs. 5 cr 6.25 -
Lakshmi Vilas Bank 400 days Less than Rs. 2 cr 6.25 -
Bandhan Co-operative Bank 1 year to 18 months Less than Rs. 2 cr 6.25 7.00
Bandhan Bank 3 years to less than 5 years Less than Rs. 2 cr 6.10 6.85
Bharat Co-operative Bank 61 days to 90 days 15 lakh and above Less than Rs. 1 cr 6.00 6.00
Indian Overseas Bank 5 years and above Upto Rs. 1 cr 6.00 -
Bassein Catholic Co-operative Bank Above 36 Months to 60 Months Less than Rs. 15 lakh 6.00 6.25
Abhyudaya Co-operative Bank Above 12 months upto 15 months Less than Rs. 2 cr 5.75 -
Janakalyan Sahakari Bank 3 years to less than 5 years Rs. 1 cr to less than Rs. 5 cr 5.75 -
Tamilnad Mercantile Bank TMB - Tax Saving FD - 5 years Less than Rs. 2 cr 5.75 5.75
Karur Vysya Bank 2 years to less than 3 years Less than Rs. 2 cr 5.70 -
Dhanalakshmi Bank Above 5 years and upto and inclusive of 10 years Less than Rs. 2 cr 5.60 -
South Indian Bank 361 days to less than 3 years Less than Rs. 2 cr 5.50 -
Zoroastrian Co-operative Bank 1 year upto 15 months Less than Rs. 1 cr 5.50 -
Federal Bank Above 2 year to less than 30 months Less than Rs. 2 cr 5.50 6.00
Nainital Bank Above 2 years but less than or equal to 3 years Less than Rs. 2 crore 5.50 6.00
State Bank of India (SBI) 5 years and upto 10 years Less than Rs. 2 cr 5.40 6.20
Union Bank of India 556 Days to 3 Years Less than Rs. 2 cr 5.40 -
Canara Bank 2 years and above to less than 3 years Less than Rs. 2 cr 5.35 5.85
Bank of India 1 Year & above to less than 2 years Less than Rs. 2 cr 5.25 5.75
City Union Bank (CUB) City Union Bank Tax Saver Scheme - 5 years Less than Rs. 2 cr 5.25 5.25
Shamrao Vithal Co-operative Bank 91 days to 180 days Less than Rs. 1 cr 5.00 -
Saraswat Co-operative Bank Above 12 months up to 36 months 2 crore and above 4.75 -
Standard Chartered Bank 3 years to 4 years Rs. 5 cr to Less than 6 cr 4.50 -
Bank of Maharashtra 181 days to 270 days Less than Rs. 2 cr 4.50 -
Kotak Bank 271 Days to 363 Days Less than Rs. 2 cr 4.40 4.90
Axis Bank 7 months to less than 8 months Less than Rs. 2 cr 4.40 4.65
HDFC Bank 9 months 1 days to less 1 Year Less than Rs. 2 cr 4.40 -
Central Bank of India 180 days to 270 days Less than Rs. 2cr 4.25 4.75
Royal Bank of Scotland 5 years Less than Rs. 1 cr 4.00 -
IDBI Bank 91 days to 6 months less than Rs. 2 cr 3.90 4.40
Abu Dhabi Commercial Bank 15 days to 45 days Less than Rs. 1 cr 3.85 -
HSBC 600 days Less than Rs. 2 cr 3.75 -
UCO Bank Above 3 years to less than 5 years Rs. 2 cr and above upto Rs. 5 cr 3.25 -
Bank of Baroda 271 days to less than 1 year Rs. 2 cr to Rs. 10 Cr 3.05 -
ICICI Bank 91 days to 120 days Rs. 2 cr to Less than Rs. 5 cr 3.00 -
Indus Ind Bank 7 days to 14 days Rs. 2 cr to Less than Rs. 5 Cr 3.00 -
Citi Bank 26 days to 35 days Rs 8 cr less than 10 cr 2.00 -
Karnataka Bank 7 days to 45 days Above Rs. 1 cr and upto 2 crs - 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
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X