Fixed deposits (FD) are amongst the most popular investment option as they are the safest financial instrument. Many prominent private and public sector banks have recently revised their interest rates on FDs. You can open an FD account with the public, private, small finance as well as foreign banks. Take a look at interest rates offered by top private banks in India.
|Bank||<1 Year||>=1 to <=2||2 to <=3||3 to <=5|
|City Union Bank||5||5.75||5.75||5.5|
|IDFC First Bank||7||7.25||7.25||7.25|
|J & K Bank||5||5.5||5.5||5.5|
|Karur Vysya Bank||5||5.7||5.85||6|
|Lakshmi Vilas Bank||5.8||6.75||6.25||6.1|
|South Indian Bank||5.7||5.9||5.7||5.7|
|Tamilnad Mercantile Bank||5.5||6||5.9||5.75|
Data as on respective banks’ website on 7 July 2020. For each year range, the maximum offered interest rate is considered; interest rate is for a normal fixed deposit amount below Rs. 1 crore. Compiled By BankBazaar.com, a neutral online marketplace for loans and credit cards.