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Fixed Deposits: Which Private Bank Will Give You 7.8% Interest Rate?

Team BankBazaar


Fixed deposit interest rates offered by government banks have slipped below the 6% mark on some tenures. Some private banks are still offering 7.5% returns on select tenures. If you’re looking for FD options, do have a look at interest rates offered by these private banks.

Bank <1 Year >=1 to <=2  2 to <=3 3 to <=5
Axis Bank 6.4 6.5 6.5 6.5
Bandhan Bank 6.7 6.95 6.95 6.75
Catholic Syrian 6 6.5 6.25 6.25
CUB 6.25 6.6 6.35 6.35
DCB 6.85 7.5 7.6 7.5
Dhanlaxmi Bank 6.5 6.9 6.5 6.5
Federal Bank 6.4 6.6 6.5 6.5
HDFC Bank 6.05 6.3 6.4 6.3
ICICI Bank 6 6.3 6.4 6.4
IDFC First Bank 7 7.5 7.25 7.25
IndusInd Bank 6.25 6.75 6.75 6.75
J & K Bank 6 6.3 6.3 6.25
Karnataka Bank 6.25 6.5 6.4 6.4
Kotak Bank 6.05 6.25 6.2 6.2
KVB 6.15 6.45 6.45 6.75
LVB 7.35 7.8 7.6 7.5
RBL Bank 6.65 7.45 7.45 7.35
SIB 6.35 6.7 6.5 6.5
TMB 6.5 6.7 6.75 6.6
TNSC Bank 6.75 7.3 6.75 6.75
Yes Bank 7.15 7.5 7.5 7.25

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