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Fixed Deposit: Check The Interest Rates Of Government And Private Banks On 1-Year FD

Team BankBazaar
·1-min read
Photo: www.rupixen.com from Pixabay
Photo: www.rupixen.com from Pixabay

Fixed deposits are low-risk investment instruments where your money gets locked-in for a defined period. They are a popular investment option for many as the returns are guaranteed. The tenure for FD investment normally ranges from 7 days to 10 years. You can choose the tenure as per your liquidity requirement. In case you are planning to invest in a 1- Year FD, take a look at the latest interest rates of government and private banks.

Bank’s Name

Interest Rate On <1 Year FD

Public Sector Banks

Bank of Maharashtra

4.25

Bank of Baroda

4.4

Bank of India

4.75

Canara Bank

4.45

Central Bank of India

4.25

IDBI Bank

4.3

Indian Bank

4.4

Indian Overseas Bank

4.9

Punjab National Bank

4.5

Punjab & Sind Bank

4.55

State Bank of India

4.4

UCO Bank

4.7

Union Bank

4.5

Private Sector Banks

Axis Bank

5.15

Bandhan Bank

5.25

Catholic Syrian

4.25

City Union Bank

5

DCB Bank

5.95

Dhanlaxmi Bank

4.5

Federal Bank

4.4

HDFC Bank

4.4

ICICI Bank

4.4

IDFC First Bank

5.25

IndusInd Bank

5.75

J & K Bank

4.5

Karnataka Bank

5.2

Kotak Bank

4.4

Karur Vysya Bank

5

RBL Bank

5.75

South Indian Bank

5

Tamilnad Mercantile Bank

5.25

TNSC Bank

5.75

Yes Bank

5.75

Disclaimer: Data as on respective banks’ websites on Feb 19, 2021. Interest rates are for normal fixed deposits amounting below Rs. 1 crore for tenures up to 5 years. Compiled by BankBazaar.com.

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