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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

52 Results found
Bank Name Maturity Period Deposit Amount Interest Rate
General Senior Citizen
Abu Dhabi Commercial Bank 1235 to 5 Years Less than Rs. 1 cr 7.20 7.70
Punjab & Maharashtra Co-operative Bank 61 months to 120 months Less than Rs. 25 lakh 7.00 -
Shamrao Vithal Co-operative Bank Above 24 mths to 60 mths Less than Rs. 15 lakh 7.00 -
Bombay Mercantile Co-operative Bank Above 3 years to 5 years Less than Rs. 1cr 7.00 -
Kapole Co-operative Bank Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.00 -
Punjab and Sind Bank PSB Fixed Deposit Tax Saver Scheme Upto Rs. 1 lakh 6.80 7.30
J&K Bank 1 years to less than 2 year Less than Rs. 1 cr 6.75 -
Small Industries Development Bank of India 14 months to 36 months Rs. 50 cr and above 6.75 7.25
Punjab National Bank PNB Tax Saver Fixed Deposit Scheme - 5 Years to 10 years Upto Rs. 1 lakh 6.70 -
Karnataka Bank 1 year to 2 years Upto Rs. 1 cr 6.65 7.15
DCB Bank More than 700 days to less than 36 months Less than Rs. 2 cr 6.50 -
Allahabad Bank Tax Benefit Term Deposit Scheme - 5 years Less than Rs. 1 cr 6.50 -
Bandhan Co-operative Bank 2 years to less than 3 years Less than Rs. 2 cr 6.15 6.90
Bandhan Bank 2 years to less than 3 years Less than Rs. 2 cr 6.15 6.90
Janakalyan Sahakari Bank 46 days to 90 days Less than Rs. 1 cr 6.00 -
Lakshmi Vilas Bank 401 Days to less than 3 Years Less than Rs. 2 cr 6.00 6.50
Thane Janata Sahakari Bank Above 60 months up to 120 months Less than Rs. 1 cr 6.00 -
Tamilnad Mercantile Bank 20 months 20 days Less than Rs. 2 cr 6.00 6.50
Saraswat Co-operative Bank Above 60 months up to 120 months Less than Rs. 2 cr 5.85 6.35
Abhyudaya Co-operative Bank Above 12 months upto 15 months Less than Rs. 2 cr 5.75 -
Bassein Catholic Co-operative Bank Above 36 Months to 120 Months Less than Rs. 15 lakh 5.75 5.90
Federal Bank 30 months and above Less than Rs. 2 cr 5.60 6.10
Union Bank of India 556 Days to 3 Years Less than Rs. 2 cr 5.50 -
ICICI Bank 5 years 1 day upto 10 years Less than Rs. 2 cr 5.50 6.30
South Indian Bank 361 days to less than 3 years Less than Rs. 2 cr 5.50 6.00
Canara Bank 5 years and above to 10 years Less than Rs. 2 cr 5.50 -
Nainital Bank Above 2 years but less than or equal to 3 years Less than Rs. 2 crore 5.50 6.00
City Union Bank (CUB) Above 5 years and upto 10 years Less than Rs. 2 cr 5.25 -
Zoroastrian Co-operative Bank Above 5 years upto 10 years Less than Rs. 1 cr 5.00 -
Indus Ind Bank 211 days to 269 days Rs. 2 cr to Less than Rs. 5 Cr 5.00 -
UCO Bank Above 2 years upto 3 years less than Rs. 2 cr 5.00 5.50
Dhanalakshmi Bank 180 days to less than 1 years Less than Rs. 2 cr 4.50 -
Axis Bank 6 months to less than 7 months Less than Rs. 2 cr 4.40 -
Catholic Syrian Bank 180 days to less than 1 years Less than Rs. 2 cr 4.25 -
Bank of Baroda Above 2 year and upto 3 years Above Rs. 50 cr to Rs 100 cr 4.10 -
Bharat Co-operative Bank 7 days to 29 days Less than Rs. 15 lakh 4.00 -
The Ratnakar Bank 7 days to 14 days Less than Rs. 2 cr 4.00 -
Deutsche Bank Above 1 year to 1.5 years Less than Rs. 2 cr 4.00 4.00
Royal Bank of Scotland 15 days upto 30 days Less than Rs. 1 cr 4.00 -
Yes Bank 46 to 90 days Less than Rs. 2cr 4.00 4.50
Karur Vysya Bank 15 Days to 30 days Less than Rs. 2 cr 3.75 -
Bank of Maharashtra 181 days to 270 days Less than Rs. 2 cr 3.75 -
HSBC 732 days to less than 36 months Less than Rs. 2 cr 3.60 -
State Bank of India (SBI) 3 years to less than 5 years Above Rs. 2 cr 3.00 -
IDBI Bank 7 days to 14 days less than Rs. 2 cr 2.90 3.40
Standard Chartered Bank 346 days to 364 days Rs. 2 cr to Less than 3 cr 2.75 -
HDFC Bank 46 days to 60 days Rs. 2 cr to up to 5 crs 2.75 3.25
Central Bank of India 91 days to 179 days Rs. 2 cr to Rs. 10 cr 2.75 3.25
Kotak Bank 15 days to 30 days Rs. 10 cr and above to Less than Rs. 25 cr 2.60 -
Citi Bank 121 days to 150 days Rs 3 cr less than 5 cr 2.00 -
Bank of India 121 days to 179 days Rs. 1 cr and above to less than Rs. 10 cr - -
Indian Overseas Bank 7 days to 14 days (for single deposit of Rs.1 lakh and above) Upto Rs. 25 lakh - 4.50

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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