Fixed deposits remain the safest investment option for many Indians as they offer assured returns with capital safety. 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.
|INDIAN: PRIVATE SECTOR|
|Bank||<1 Year||>=1 to <=2||2 to <=3||3 to <=5|
|City Union Bank||6.25||6.6||6.35||6.35|
|IDFC First Bank||7||7.5||7.25||7.25|
|J & K Bank||6.25||6.75||6.75||6.75|
|Karur Vysya Bank||6.25||6.45||6.45||6.75|
|Lakshmi Vilas Bank||7.35||7.8||7.6||7.5|
|South Indian Bank||6.5||7.05||6.8||6.8|
|Tamilnad Mercantile Bank||6.8||7.1||7||6.75|
Data taken from respective bank’s website as on 5 Nov 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, India’s leading online marketplace for loans and credit cards.