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Fixed Deposit – Here Are The Latest Interest Rates Offered By Foreign Banks

Team BankBazaar
Image source: Freepik

Fixed deposits remain the safest investment option for many because 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 prominent public sector banks in India.

BANK FD INTEREST RATES
Bank <1 Year >=1 to <=2 2 to <=3 3 to <=5
Citi Bank 5 5.5 5.5 5.25
DBS Bank 6.5 6.75 6.5 6.5
Deutsche Bank 6 7 7 7.75
HSBC 5 5.75 6 6
Scotia Bank 4 4.5 4.5 5
StanChart 6.6 6.8 6.8 6.5

Data taken from respective bank’s website as on 26 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, a neutral online marketplace for loans and credit cards.