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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

53 Results found
Bank Name Maturity Period Deposit Amount Interest Rate
General Senior Citizen
DBS Bank 2 years 6 months 1 day & less than 3 years Less than Rs 2 Crore 7.50 8.00
Deutsche Bank DB Tax Saver Deposits - 5 years Upto Rs. 1 lakh 8.25 8.25
Bharat Co-operative Bank Bharat Co-operative Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.65 8.10
Abu Dhabi Commercial Bank 1234 days Rs. 1 cr to 5 crs 7.60 8.10
Indus Ind Bank Indus Tax Saver Scheme (5 year) Upto Rs. 1 lakh 7.50 9.00
Federal Bank Federal Tax Savings Deposit Scheme (FTSD) - 5 Years Upto Rs. 1 lakh 7.40 7.90
The Ratnakar Bank Ratnakar Tax Savings Term Deposit Scheme - 60 months to 120 months Upto Rs. 1 lakh 7.35 8.08
Kotak Bank 12 months to less than 15 months Rs. 100 cr and above 7.35 -
ICICI Bank Tax Saver FD 80C - 5 year Upto Rs. 1 lakh 7.25 7.75
Janakalyan Sahakari Bank JankarBachatYojana (Tax Benefit 60 months) Upto Rs. 1 lakh 7.25 7.25
Shamrao Vithal Co-operative Bank Shamrao Vithal Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.25 7.25
J&K Bank JankarBachatYojana (Tax Benefit 60 months) Upto Rs. 1 lakh 7.25 7.25
Punjab National Bank PNB Tax Saver Fixed Deposit Scheme - 5 years to10 years Upto Rs. 1 lakh 7.20 -
Yes Bank Tax Saver Deposits - 5 years Upto Rs. 1 lakh 7.10 7.60
Thane Janata Sahakari Bank KAR-BACHAT - Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.00 7.50
State Bank of India (SBI) 2 years to less than 3 years Less than Rs. 2 cr 7.00 7.50
Punjab & Maharashtra Co-operative Bank PMCB Kar-Mukt Yojna - Tax Saver Upto Rs. 1 lakh 7.00 7.25
Bombay Mercantile Co-operative Bank Mercantile Co-operative Tax Savings Scheme - 5 Years Upto Rs. 1 lakh 7.00 7.00
Lakshmi Vilas Bank Tax Saver Deposits - 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 -
IDBI Bank Suvidha Tax Saving Fixed Deposits - 5 YEARS Upto Rs. 1 lakh 6.85 7.35
Union Bank of India Union Tax Saver Scheme - 5 years to 10 Years Upto Rs. 1 lakh 6.85 -
Punjab and Sind Bank PSB Fixed Deposit Tax Saver Scheme Upto Rs. 1 lakh 6.80 7.30
Small Industries Development Bank of India 14 months to 36 months Rs. 50 cr and above 6.75 7.25
Bank of Baroda Above 5 years to up to 10 years Less than Rs. 1 cr 6.70 6.50
Saraswat Co-operative Bank Madhukar Tax Saving - 5 years Up to Rs. 1 lakh 6.60 6.85
Central Bank of India CENT Tax Saving Deposit - 5 Years Upto Rs. 1 lakh 6.50 7.00
HDFC Bank HDFC Bank Tax Saver Deposits - 5 years Upto Rs. 1 lakh 6.50 7.00
Karnataka Bank KBL - Tax Planner - 5 years Upto Rs. 1 lakh 6.50 7.00
Nainital Bank Naini Tax Saver Scheme - 5 years to 10 Years Less than Rs. 2 crore 6.50 7.00
Bank of Maharashtra Mahabank Tax Saving Scheme - 5 Years Upto Rs. 1 lakh 6.50 7.00
Bank of India Star Sunidhi Tax-Saving Deposit Scheme - 5 years to 10 Years Upto Rs. 1 lakh 6.50 7.00
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 -
UCO Bank UCO Tax Saver Deposit Scheme 2006 Upto Rs. 1 lakh 6.30 6.80
Bandhan Co-operative Bank 1 year to 18 months Less than Rs. 2 cr 6.25 7.00
Bandhan Bank 1 year to 18 months Less than Rs. 2 cr 6.25 7.00
Axis Bank Axis Tax Saver Deposits - 5 years Upto Rs. 1 lakh 6.25 6.75
Bassein Catholic Co-operative Bank Above 12 Months to 18 Months Less than Rs. 15 lakh 6.25 6.50
Canara Bank Canara Tax Saver Scheme - 5 years Upto Rs. 1 lakh 6.20 6.70
Abhyudaya Co-operative Bank Above 60 months and upto and inclusive of 120 months Less than Rs. 2 cr 6.10 6.35
Indian Overseas Bank IOB Tax Saver Deposit Scheme - 5 Years Upto Rs. 1 lakh 6.00 6.50
HSBC 732 days to less than 36 months Less than Rs. 2 cr 6.00 6.50
DCB Bank 36 months Less than Rs. 2 cr 5.95 6.45
Karur Vysya Bank KVB - Tax Shield - 5 years Less than Rs. 2 cr 5.90 5.90
Citi Bank Tax Saver Deposits - 5 years Upto Rs. 1 lakh 5.75 -
South Indian Bank South Indian Bank Tax Gain - 5 years Less than Rs. 2 cr 5.65 6.15
Dhanalakshmi Bank Above 5 years and upto and inclusive of 10 years Less than Rs. 2 cr 5.60 6.10
Standard Chartered Bank 18 Months to less than 21 months Less than Rs. 2 cr 5.40 5.90
Tamilnad Mercantile Bank 2 years to less than 3 years Less than Rs. 2 cr 5.35 5.85
Zoroastrian Co-operative Bank Above 3 years upto 5 years Less than Rs. 15 lakh 5.25 5.50
City Union Bank (CUB) City Union Bank Tax Saver Scheme - 5 years Less than Rs. 2 cr 5.00 5.00
Royal Bank of Scotland 15 days upto 30 days Less than Rs. 1 cr 4.00 4.25

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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