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What’s The Best Fixed Deposit Interest Rate?

Team BankBazaar
Image source: Freepik

Fixed deposits are immensely popular with people as they are safe investment bets and returns are guaranteed. In case you are looking to open a fixed deposit account, this is what 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 12-Jul-19
DBS Bank 6.75 7.5 7 7 30-Mar-19
Deutsche Bank 6.5 7.35 7 8 25-Jun-19
HSBC 6 6.25 6.5 6.5 20-Jun-19
Scotia Bank 4 4.5 4.5 5 01-Apr-17
StanChart 7 7.3 7 6.5 12-Jul-19
INDIAN: PUBLIC SECTOR
Allahabad Bank 6.75 6.75 6.6 6.5 01-Apr-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 6.5 7 6.7 6.7 21-Jun-19
BOI 6.25 6.75 6.7 6.5 10-Apr-19
Canara Bank 6.7 6.7 6.4 6.4 04-Jul-19
CBOI 6.5 6.65 6.45 6.45 25-Jun-19
Corp Bank 6.35 7 6.5 6.5 15-May-19
Dena Bank NA NA NA NA NA
IDBI Bank 6.5 7.25 7.05 6.85 01-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 6.5 6.85 6.75 6.75 11-Jun-19
PNB 6.75 6.85 6.75 6.25 01-Jul-19
Punjab & Sind 6.4 7 6.8 6.55 05-Mar-19
SBI 6.4 7 6.75 6.7 09-May-19
Syndicate Bank 6.35 7.05 7.15 7.15 05-Mar-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
Vijaya Bank NA NA NA NA NA
INDIAN: PRIVATE SECTOR
Axis Bank 7 7.3 7.3 7.25 10-Jul-19
Bandhan Bank 6.8 7.65 7.65 7.65 18-Jun-19
Catholic Syrian 6.5 7 6.75 6.5 07-Mar-19
CUB 7 7.35 7 7 10-Jun-19
DCB 7 8 8.25 7.75 02-Jul-19
Dhanlaxmi Bank 6.5 7 6.5 6.5 01-Jul-19
Federal Bank 6.5 7.3 7.4 7.25 16-Apr-19
HDFC Bank 7.1 7.3 7.4 7.25 24-Jun-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 7.25 7.75 7.75 7.5 NA
J & K Bank 7.1 7.3 7.3 7.3 11-Jun-19
Karnataka Bank 6.5 7.2 7 7 06-Jun-19
Kotak Bank 7 7.2 7.1 7 11-Jul-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 7.25 8 8 7.6 14-Jun-19
SIB 6.5 7.4 7.45 7.25 20-Apr-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 8.4 8.55 7 16-Apr-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 8.3 8.6 7 27-Feb-19
           
Data taken from respective bank’s website as on 12 Jul 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