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Fixed Deposit Interest Rates Revised: Here Is What Banks Are Offering

Team BankBazaar
Image source: schantalao/Freepik

Many leading banks have recently revised their fixed deposit interest rates on select maturities. The move from the lenders comes within days after the Reserve Bank of India cut the key repo rate by 25 bps. With the banks revising rates, here is a quick look at what you will earn through FDs.

Bank <1 Year >=1 to <=2 2 to <=3 3 to <=5 W.E.F
FOREIGN
Citi Bank 5.5 6 6.5 6.5 21-Jun-19
DBS Bank 6.75 7.5 7 7 30-Mar-19
Deutsche Bank 6.5 7.75 7.5 8.25 21-May-19
HSBC 6 6.25 6.5 6.5 20-Jun-19
Scotia Bank 4 4.5 4.5 5 01-Apr-17
StanChart 7 7.4 7 6.5 21-Jun-19
INDIAN: PUBLIC SECTOR
Allahabad Bank 6.75 6.75 6.6 6.5 01-Apr-19
Andhra Bank 6.6 6.8 6.75 6.75 02-Mar-19
Bank of Mah 6 6.5 6.5 6.25 07-Apr-19
BOB 6.5 7 6.7 6.7 21-Jun-19
BOI 6.25 6.75 6.7 6.5 10-Apr-19
Canara Bank 6.2 6.75 6.6 6 09-May-19
CBOI 6.55 6.65 6.55 6.55 01-Mar-19
Corp Bank 6.35 7 6.5 6.5 15-May-19
Dena Bank NA NA NA NA NA
IDBI Bank 6.5 7.25 7.05 7.4 04-Mar-19
Indian Bank 6.5 6.75 6.75 6.9 08-Apr-19
IOB 6.25 6.6 6.75 6.8 01-Mar-19
OBC 6.5 6.85 6.75 6.75 11-Jun-19
PNB 6.95 7 6.75 6.25 01-May-19
Punjab & Sind 6.4 7 6.8 6.55 05-Mar-19
SBI 6.4 7 6.75 6.7 09-May-19
Syndicate Bank 6.35 7.05 7.15 7.15 05-Mar-19
UCO Bank 6.35 6.6 6.5 6.5 11-Mar-19
Union Bank 6.75 6.75 6.6 6.7 27-Feb-19
United Bank 6 6.5 6.25 6 05-Mar-19
Vijaya Bank NA NA NA NA NA
INDIAN: PRIVATE SECTOR
Axis Bank 7.1 7.3 7.3 7.25 15-Jun-19
Bandhan Bank 6.8 7.65 7.65 7.65 18-Jun-19
Catholic Syrian 6.5 7 6.75 6.5 07-Mar-19
CUB 7 7.35 7 7 10-Jun-19
DCB 7 8.15 8.25 7.75 12-Apr-19
Dhanlaxmi Bank 6.5 7.25 6.5 6.5 01-Apr-19
Federal Bank 6.5 7.3 7.4 7.25 16-Apr-19
HDFC Bank 7.1 7.3 7.4 7.25 12-Jun-19
ICICI Bank 6.75 7 7.3 7.25 17-Jun-19
IDFC First Bank 7 7.75 8.25 7.5 16-Apr-19
IndusInd Bank 7.25 7.75 7.75 7.5 NA
J & K Bank 7.1 7.3 7.3 7.3 11-Jun-19
Karnataka Bank 6.5 7.2 7 7 06-Jun-19
Kotak Bank 7 7.2 7.1 7 06-Jun-19
KVB 6.9 7.25 7.25 7 07-Jan-19
LVB 7.75 8.4 7.85 7.85 25-May-19
RBL Bank 7.25 8 8 7.6 14-Jun-19
SIB 6.5 7.4 7.45 7.25 20-Apr-19
TMB 6.8 7.25 7 6.9 08-Apr-19
TNSC Bank 6.75 7.3 6.75 6.75 15-Mar-19
Yes Bank 7.15 7.65 7.25 7.25 02-May-19
Small Finance Banks
AU Small Finance Bank 7.01 7.87 8.1 7.77 15-Apr-19
Equitas Small Finance Bank 7.5 8.4 8.55 7 16-Apr-19
Fincare Small Finance Bank 7 8.75 9 8 NA
Jana Small Finance Bank 8.25 8.6 8.5 8 21-Jun-19
Suryoday Small Finance Bank 7.75 8.5 9 8.25 25-Feb-19
Ujjivan Small Finance Bank 7.5 8.3 8.6 7 27-Feb-19

All rates as displayed on the respective banks’ websites on June 21, 2019. Compiled by BankBazaar.com