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Fixed Deposits – Which Private Bank Is Offering The Best Interest Rate?

Team BankBazaar
Image source: Freepik

Fixed deposits is a popular 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.

BANK FD INTEREST RATES
Bank <1 Year >=1 to <=2 2 to <=3 3 to <=5
Axis Bank 6.5 6.7 6.7 6.7
Bandhan Bank 6.8 7.4 7.35 7.35
Catholic Syrian 6 6.5 6.25 6.25
CUB 6.25 6.6 6.35 6.35
DCB 6.85 7.7 7.85 7.65
Dhanlaxmi Bank 6.5 6.9 6.5 6.5
Federal Bank 6.5 6.85 6.6 6.6
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 6.5 7.25 7.25 7.15
J & K Bank 6 6.5 6.5 6.5
Karnataka Bank 6.25 6.8 6.7 6.7
Kotak Bank 6.05 6.3 6.25 6.2
KVB 6.15 6.45 6.45 6.75
LVB 7.35 7.8 7.6 7.5
RBL Bank 6.65 7.5 7.5 7.4
SIB 6.35 6.9 6.6 6.6
TMB 6.8 6.8 6.9 6.75
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 10 Dec 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.