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Which Bank Is Offering The Best Fixed Deposit Rates After The RBI Rate Cut?

Team BankBazaar


The Reserve Bank of India last week reduced the repo rate by 35 basis points. A fall in repo rate means lowering of interest rates on deposits. This would also result in falling of interest you earn on fixed deposits. However, fixed deposits still make for a safer option with guaranteed returns. Take a look at the interest rate prominent banks are offering for deposits under Rs. 1 crore.

 

BANK FD INTEREST RATES

Bank

<1 Year

>=1 to <=2

2 to <=3

3 to <=5

W.E.F

FOREIGN

Citi Bank

5.5

6

6

6

09-Aug-19

DBS Bank

6.5

7.25

6.75

7

07-Aug-19

Deutsche Bank

6.5

7.35

7

8

25-Jun-19

HSBC

5

5.75

6

6

08-Aug-19

Scotia Bank

4

4.5

4.5

5

01-Apr-17

StanChart

7

7.2

7

6.5

09-Aug-19

INDIAN: PUBLIC SECTOR

Allahabad Bank

6.75

6.7

6.55

6.45

01-Aug-19

Andhra Bank

6.6

6.8

6.75

6.75

02-Mar-19

Bank of Mah

6

6.5

6.5

6.25

07-Apr-19

BOB

6.25

6.6

6.45

6.45

20-Jul-19

BOI

6

6.5

6.5

6.5

01-Aug-19

Canara Bank

6.2

6.5

6.5

6.4

09-Aug-19

CBOI

6.25

6.6

6.45

6.45

09-Aug-19

Corp Bank

6.35

7

6.5

6.5

15-May-19

IDBI Bank

6.5

7.1

6.9

6.85

19-Jul-19

Indian Bank

6.5

6.75

6.75

6.9

08-Apr-19

IOB

6.25

6.6

6.75

6.8

01-Mar-19

OBC

6.25

6.8

6.7

6.7

12-Aug-19

PNB

6.3

6.75

6.75

6.5

01-Aug-19

Punjab & Sind

6.4

6.85

6.75

6.55

16-Jul-19

SBI

6.25

6.8

6.7

6.6

01-Aug-19

Syndicate Bank

6

6.7

6.5

6.5

05-Aug-19

UCO Bank

6.35

6.6

6.5

6.5

11-Mar-19

Union Bank

6.75

6.75

6.6

6.7

27-Feb-19

United Bank

6

6.5

6.25

6

05-Mar-19

INDIAN: PRIVATE SECTOR

Axis Bank

6.75

7.2

7

7

03-Aug-19

Bandhan Bank

6.8

7.65

7.65

7.65

18-Jun-19

Catholic Syrian

6

6.75

6.5

6.5

08-Aug-19

CUB

6.75

7

6.85

6.85

07-Aug-19

DCB

7

7.85

8

7.75

05-Aug-19

Dhanlaxmi Bank

6.5

7

6.5

6.5

01-Jul-19

Federal Bank

6.5

7.25

7

7

06-Aug-19

HDFC Bank

6.75

7.3

7.3

7.25

02-Aug-19

ICICI Bank

6.75

7

7.3

7.25

17-Jun-19

IDFC First Bank

7

8.5

7.5

7.5

01-Jul-19

IndusInd Bank

7

7.5

7.5

7.5

10-Aug-19

J & K Bank

7.1

7.3

7.3

7.3

11-Jun-19

Karnataka Bank

6.5

7.1

7

7

22-Jul-19

Kotak Bank

6.75

6.9

6.8

6.75

09-Aug-19

KVB

6.6

7.1

7.05

7

01-Jul-19

LVB

7.75

8.4

7.85

7.85

25-May-19

RBL Bank

7

7.75

7.75

7.5

13-Aug-19

SIB

6.4

7.3

7.3

7.25

01-Aug-19

TMB

6.8

7.25

7

6.9

08-Apr-19

TNSC Bank

6.75

7.3

6.75

6.75

15-Mar-19

Yes Bank

7.15

7.75

7.75

7.25

24-Jun-19

Small Finance Banks

AU Small Finance Bank

7.01

7.87

8.1

7.77

15-Apr-19

Equitas Small Finance Bank

7.5

8.2

8.3

7

08-Jul-19

Fincare Small Finance Bank

7

8.75

9

8

NA

Jana Small Finance Bank

8.25

8.6

8.5

8

21-Jun-19

Suryoday Small Finance Bank

7.75

8.5

8.75

8.25

01-Jul-19

Ujjivan Small Finance Bank

7.5

8.1

8.5

7

02-Aug-19

 

 

 

 

 

 

Data taken from respective bank’s website as on 9 Aug 19

For each year range, maximum offered interest rate is considered; Interest Rate for normal fixed deposit amount below Rs 1 Cr

Compiled by BankBazaar.com

 

 

 

 

 

BANK FD INTEREST RATES

Bank

<1 Year

>=1 to <=2

2 to <=3

3 to <=5

W.E.F

FOREIGN

Citi Bank

5.5

6

6

6

09-Aug-19

DBS Bank

6.5

7.25

6.75

7

07-Aug-19

Deutsche Bank

6.5

7.35

7

8

25-Jun-19

HSBC

5

5.75

6

6

08-Aug-19

Scotia Bank

4

4.5

4.5

5

01-Apr-17

StanChart

7

7.2

7

6.5

09-Aug-19

INDIAN: PUBLIC SECTOR

Allahabad Bank

6.75

6.7

6.55

6.45

01-Aug-19

Andhra Bank

6.6

6.8

6.75

6.75

02-Mar-19

Bank of Mah

6

6.5

6.5

6.25

07-Apr-19

BOB

6.25

6.6

6.45

6.45

20-Jul-19

BOI

6

6.5

6.5

6.5

01-Aug-19

Canara Bank

6.2

6.5

6.5

6.4

09-Aug-19

CBOI

6.25

6.6

6.45

6.45

09-Aug-19

Corp Bank

6.35

7

6.5

6.5

15-May-19

IDBI Bank

6.5

7.1

6.9

6.85

19-Jul-19

Indian Bank

6.5

6.75

6.75

6.9

08-Apr-19

IOB

6.25

6.6

6.75

6.8

01-Mar-19

OBC

6.25

6.8

6.7

6.7

12-Aug-19

PNB

6.3

6.75

6.75

6.5

01-Aug-19

Punjab & Sind

6.4

6.85

6.75

6.55

16-Jul-19

SBI

6.25

6.8

6.7

6.6

01-Aug-19

Syndicate Bank

6

6.7

6.5

6.5

05-Aug-19

UCO Bank

6.35

6.6

6.5

6.5

11-Mar-19

Union Bank

6.75

6.75

6.6

6.7

27-Feb-19

United Bank

6

6.5

6.25

6

05-Mar-19

INDIAN: PRIVATE SECTOR

Axis Bank

6.75

7.2

7

7

03-Aug-19

Bandhan Bank

6.8

7.65

7.65

7.65

18-Jun-19

Catholic Syrian

6

6.75

6.5

6.5

08-Aug-19

CUB

6.75

7

6.85

6.85

07-Aug-19

DCB

7

7.85

8

7.75

05-Aug-19

Dhanlaxmi Bank

6.5

7

6.5

6.5

01-Jul-19

Federal Bank

6.5

7.25

7

7

06-Aug-19

HDFC Bank

6.75

7.3

7.3

7.25

02-Aug-19

ICICI Bank

6.75

7

7.3

7.25

17-Jun-19

IDFC First Bank

7

8.5

7.5

7.5

01-Jul-19

IndusInd Bank

7

7.5

7.5

7.5

10-Aug-19

J & K Bank

7.1

7.3

7.3

7.3

11-Jun-19

Karnataka Bank

6.5

7.1

7

7

22-Jul-19

Kotak Bank

6.75

6.9

6.8

6.75

09-Aug-19

KVB

6.6

7.1

7.05

7

01-Jul-19

LVB

7.75

8.4

7.85

7.85

25-May-19

RBL Bank

7

7.75

7.75

7.5

13-Aug-19

SIB

6.4

7.3

7.3

7.25

01-Aug-19

TMB

6.8

7.25

7

6.9

08-Apr-19

TNSC Bank

6.75

7.3

6.75

6.75

15-Mar-19

Yes Bank

7.15

7.75

7.75

7.25

24-Jun-19

Small Finance Banks

AU Small Finance Bank

7.01

7.87

8.1

7.77

15-Apr-19

Equitas Small Finance Bank

7.5

8.2

8.3

7

08-Jul-19

Fincare Small Finance Bank

7

8.75

9

8

NA

Jana Small Finance Bank

8.25

8.6

8.5

8

21-Jun-19

Suryoday Small Finance Bank

7.75

8.5

8.75

8.25

01-Jul-19

Ujjivan Small Finance Bank

7.5

8.1

8.5

7

02-Aug-19

 

 

 

 

 

 

Data taken from respective bank’s website as on 9 Aug 19

For each year range, maximum offered interest rate is considered; Interest Rate for normal fixed deposit amount below Rs 1 Cr

Compiled by BankBazaar.com