India Markets closed

Fixed Deposit Rates Have Fallen. Here’s What You’ll Earn Now

Team BankBazaar

The Reserve Bank of India recently announced yet another reduction of 25 basis points in the repo rate. This is the third consecutive time the central bank as cut the repo rate in its bi-monthly policy review. The repo rate now stands at 5.75%, and it impacts the commercial deposit and loan rates in India. Here’s a look at the latest interest rates offered by some of India’s leading banks on fixed deposits of various terms.

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 14-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 6.5 6.75 6.75 07-Jun-19
Scotia Bank 4 4.5 4.5 5 01-Apr-17
StanChart 7 7.5 7 6.5 13-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 13-Mar-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 29-May-19
Bandhan Bank 6.8 7.65 7.5 7.5 06-Mar-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 7.1 7.5 7.25 07-Mar-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 8.5 8.5 9 8.5 14-Dec-18
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 14, 2019. Compiled by BankBazaar.com