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Banks Offering FD Interest Rates upto 8%. Which One Will You Pick?

Team BankBazaar


Fixed deposits are immensely popular with people as they are safe investment bets and returns are guaranteed. Many banks have recently revised their fixed deposit rates for select tenures. In case you are looking to open a fixed deposit account, this is what prominent banks are offering for deposits under Rs. 1 crore.

Fixed Deposit Interest Rates – Up To Rs. 1 Crore

         
Bank <1 Year
>=1 to <=2
PUBLIC SECTOR BANKS
Allahabad Bank 6.5% 6.75%
Andhra Bank 6.6% 6.8%
Bank of Maharashtra 6% 6.5%
Bank of Baroda 6.5% 6.85%
Bank of India 6.25% 6.7%
Canara Bank 6.4% 7.1%
Central Bank of India 6.5% 6.6%
Corporation Bank 6.35% 6.8%
Dena Bank 6.25% 6.75%
IDBI Bank 6.5% 7.05%
Indian Bank 6.5% 6.75%
Indian Overseas Bank 6.25% 6.6%
Oriental Bank of Commerce 6.5% 7%
Punjab National Bank 6.35% 6.85%
Punjab & Sind 6.4% 7%
State Bank of India 6.4% 6.8%
Syndicate Bank 6.35% 6.8%
UCO Bank 6.35% 6.75%
Union Bank 6.75% 6.75%
United Bank 6% 6.25%
Vijaya Bank 6.6% 6.8%
PRIVATE SECTOR BANKS
Axis Bank 7.1% 7.6%
Bandhan Bank 6.8% 7.55%
Catholic Syrian 6.5% 7%
City Union Bank Ltd. 7% 7.35%
DCB Bank Ltd. 7% 8.05%
Dhanlaxmi Bank 6.5% 7.25%
Federal Bank 6.5% 7.5%
HDFC Bank 7.1% 7.3%
ICICI Bank 6.75% 7.1%
IDFC Bank 7% 7.5%
IndusInd Bank 7.5% 8%
Jammu & Kashmir Bank Ltd. 7.05% 7.3%
Karnataka Bank 6.5% 7.4%
Kotak Mahindra Bank Ltd 7% 7.3%
Karur Vysya Bank Ltd. 6.9% 7.25%
Lakshmi Vilas Bank Ltd. 7.3% 8%
RBL Bank Ltd. 7.35% 8%
South Indian Bank Ltd. 6.9% 7.6%
Tamilnad Mercantile Bank Ltd. 7% 7.4%
Tamil Nadu State Apex Co-operative Bank 6.65% 6.8%
Yes Bank 7% 7.85%
Data taken from respective bank’s website as on 7 Dec 18

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