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Fixed Deposit: Which Foreign Bank Is Offering The Best Interest Rate?

Team BankBazaar


Fixed deposits are popular as they are safe investment bets with assured returns. In case you are looking to open a fixed deposit account, take a look at the interest rates offered by prominent foreign banks under Rs. 1 crore.

Bank <1 Year >=1 to <=2  2 to <=3 3 to <=5
Citi Bank 4.75 5 5 5.25
DBS Bank 6.5 6.5 6.5 6.5
Deutsche Bank 5.5 7 7 7.75
HSBC 5 5.75 6 6
Scotia Bank 4 4.5 4.5 5
StanChart 6.45 6.6 6.6 6.5

Data taken from respective bank’s website as on 11 Feb 2020. 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