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What’s The Best Fixed Deposit Interest Rate?

Team BankBazaar


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.

Fixed Deposits
BANK <1 Year >=1 to <=2 W.E.F
FOREIGN BANKS
Citi Bank 6.75 7.25 15-Feb-19
DBS Bank 6.1 7.5 11-Dec-18
Deutsche Bank 6.5 8 20-Dec-18
HSBC 6 6.75 14-Feb-19
Scotia Bank 4 4.5 01-Apr-17
StanChart 7 7.5 15-Feb-19
INDIAN – PUBLIC SECTOR BANKS
Allahabad Bank 6.5 6.75 01-Dec-18
Andhra Bank 6.6 6.8 10-Sep-18
Bank of Maharashtra 6 6.5 13-Aug-18
BOB 6.5 7 14-Jan-19
BOI 6.25 6.7 07-Sep-18
Canara Bank 6.4 7.1 01-Nov-18
Central Bank Of India 6.55 6.65 25-Jan-19
Corporation Bank 6.35 6.8 16-Nov-18
Dena Bank 6.25 6.75 01-Dec-18
IDBI Bank 6.5 7.25 12-Jan-19
Indian Bank 6.5 6.75 03-Dec-18
IOB 6.25 6.6 05-Apr-18
OBC 6.5 7 14-Jan-19
PNB 7.1 6.85 01-Feb-19
Punjab & Sind 6.4 7 11-Jan-19
SBI 6.4 6.8 28-Nov-18
Syndicate Bank 6.35 7.05 15-Jan-19
UCO Bank 6.35 6.6 11-Jan-19
Union Bank 6.75 6.75 28-Nov-18
United Bank 6 6.5 14-Dec-18
Vijaya Bank 6.6 6.8 12-Nov-18
INDIAN- PRIVATE SECTOR BANKS
Axis Bank 7.1 7.35 09-Feb-19
Bandhan Bank 6.8 7.65 10-Dec-18
Catholic Syrian 6.5 7 29-Oct-18
City Union Bank 7 7.35 09-Jan-19
DCB 7 8.05 06-Nov-18
Dhanlaxmi Bank 6.75 7.25 01-Feb-19
Federal Bank 6.9 7.5 17-Jan-19
HDFC Bank 7.1 7.3 06-Nov-18
ICICI Bank 6.75 7.1 15-Nov-18
IDFC Bank 7 7.5 03-Jul-18
IndusInd Bank 7.5 8 NA
J & K Bank 7.05 7.3 11-Nov-18
Karnataka Bank 6.5 7.5 28-Dec-18
Kotak Bank 7 7.4 20-Dec-18
Karur Vysya Bank 6.9 7.25 07-Jan-19
Lakshmi Vilas Bank 7.3 8 03-Nov-18
RBL Bank 7.35 8 25-Oct-18
South Indian Bank 6.9 7.6 20-Jan-19
Tamilnad Mercantile Bank Limited 7 7.4 01-Oct-18
TNSC Bank 6.65 7.05 14-Jan-19
Yes Bank 7 7.85 17-Oct-18
SMALL FINANCE BANKS
AU Small Finance Bank 7 8.25 14-Jan-19
Equitas Small Finance Bank 7.5 8.75 01-Nov-18
Fincare Small Finance Bank 7 8.75 NA
Jana Small Finance Bank 8.5 8.5 14-Dec-18
Suryoday Small Finance Bank 7.75 8.5 29-Sep-18
Ujjivan Small Finance Bank 7.5 8.3 26-Nov-18
Data taken from respective bank’s website as on 15 Feb 2019. For each year range, maximum offered interest rate is considered; Interest Rate for normal fixed deposit amount below Rs 1 Cr