Short-term deposits of banks are meant for risk-averse individuals who intend to liquidate their investment in a maximum investment horizon of 6 months- 1 years time. In a move to battle, liquidity concerns in the system, several banks have revised interest rates upwards on short term deposits to mobilize funds. And as the cost of funds for short-term borrowing for banks has risen, banks prefer to deploy funds from general public at a lower rate.

So, in the expectation that high rates on short term deposits would continue to be offered for a couple of months, retail investors can lock in their money in these deposits.

The lists include the interest rate being offered by different banks on short-term deposits for deposit amount less than Rs 1 crore and above:

Bank	Tenure	Interest rate for deposits less than Rs. 1 crore	Interest for senior citizens	Interest rates for deposits over Rs 1 crore
Corporation Bank	30-180 days	9.00%	-	9.50%
State Bank of India	180 days	6.50%	-	-
Punjab National Bank	91.179 days	6.75%	-	8.00%
Indian Overseas Bank	121-179 days	7.50%	8.00%	9.25%
ICICI Bank	61-180 days	7.75%	8.25%	-
HDFC Bank	91 Days to less than 6 months	8.50%	9.00%	-
Yes Bank	3 months to less than 6 months	8.50%	9,25%	-
IDBI Bank	46 days -200days 91 days to less than six months	8.50% 7.25%	-	-
Deutsche Bank	100 days 181- 270 days	8.75% 8.75%	-	-
Canara Bank	91-179 days	7.30%	7.80%	-