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Banks Revise Fixed Deposit Interest Rates: Here Is What You Will Earn Now

Team BankBazaar


Many prominent banks recently revised their fixed deposit interest rates. Fixed deposit interest rates are being lowered by major lenders due to fall in interest rate and surplus liquidity. Here’s a look at the latest interest rates offered by some of India’s leading banks on fixed deposits of various terms.

Bank <1 Year >=1 to <=2 2 to <=3 3 to <=5 W.E.F
FOREIGN
Citi Bank 5.25 5.5 5.5 5.5 06-Sep-19
DBS Bank 6.5 7.25 6.75 7 07-Aug-19
Deutsche Bank 6.25 7 7 7.75 06-Sep-19
HSBC 5 5.75 6 6 08-Aug-19
Scotia Bank 4 4.5 4.5 5 01-Apr-17
StanChart 7 7.1 7 6.5 06-Sep-19
INDIAN: PUBLIC SECTOR
Allahabad Bank 6.75 6.6 6.45 6.35 01-Sep-19
Andhra Bank 6 6.6 6.5 6.5 01-Sep-19
Bank of Mah 6 6 5.75 5.5 13-Aug-19
BOB 6.45 6.6 6.45 6.25 31-Aug-19
BOI 6 6.5 6.5 6.5 01-Sep-19
Canara Bank 6.2 6.5 6.25 6.25 30-Aug-19
CBOI 6.25 6.6 6.45 6.45 09-Aug-19
Corp Bank 6.5 6.9 6.5 6.5 19-Aug-19
Dena Bank NA NA NA NA NA
IDBI Bank 6.25 6.95 6.8 6.7 06-Sep-19
Indian Bank 6 6.6 6.5 6.5 04-Sep-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 6.6 6.5 6.5 01-Sep-19
Punjab & Sind 6.4 6.7 6.65 6.55 23-Aug-19
SBI 6 6.7 6.5 6.25 26-Aug-19
Syndicate Bank 6 6.7 6.5 6.5 05-Aug-19
UCO Bank 6.35 6.5 6.4 6.4 10-Aug-19
Union Bank 6.25 6.75 6.4 6.45 10-Aug-19
United Bank 6 6.5 6.25 6 05-Mar-19
Vijaya Bank NA NA NA NA NA
INDIAN: PRIVATE SECTOR
Axis Bank 6.75 7.2 7 7 10-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 6.9 6.8 7.1 7 30-Aug-19
ICICI Bank 6.5 7.1 7.1 7 14-Aug-19
IDFC First Bank 7 8 7.5 7.5 21-Aug-19
IndusInd Bank 7 7.5 7.5 7.5 10-Aug-19
J & K Bank 6.5 7 7 7 10-Aug-19
Karnataka Bank 6.25 6.9 6.8 6.8 16-Aug-19
Kotak Bank 6.75 6.8 6.5 6.25 06-Sep-19
KVB 6.6 7 7 7 13-Aug-19
LVB 7.35 7.5 7.6 7.5 05-Sep-19
RBL Bank 7 7.7 7.75 7.5 13-Aug-19
SIB 6.5 7.25 7.3 7 22-Aug-19
TMB 6.8 7.1 7 6.75 19-Aug-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 8.1 8 7.77 06-Aug-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 16-Aug-19
Suryoday Small Finance Bank 7.75 8.5 8.75 8.25 01-Jul-19
Ujjivan Small Finance Bank 7 8.1 8.3 7 05-Sep-19
Data taken from respective bank’s website as on 6 Sep 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