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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