A fixed deposit is a trusted way to maintain liquidity and earn an assured rate of return on the capital. Interest rates vary from one bank to another. Let's take a comprehensive look at the interest rates on offer today.
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Bank | <1 year | 1 to 2 years | 2 to 3 years | 3 to 5 years | w.e.f |
FOREIGN BANKS | |||||
DBS Bank | 6 | 7.5 | 7 | 6.5 | Dec 11 |
Deutsche Bank | 7 | 8 | 8 | 7.5 | Jun 10 |
HSBC | 4.5 | 7.5 | 7.25 | 7 | Jul 15 |
Scotia Bank | 3.7 | 3.9 | 4 | 4 | Aug 01 |
Standard Chartered | 7 | 7.5 | 7.5 | 7.1 | Jun 11 |
INDIAN: PUBLIC SECTOR BANKS | |||||
Bank of Maharashtra | 6.9 | 7.15 | 7.25 | 6.5 | Aug 31 |
Bank of Baroda | 7.15 | 7.3 | 7.15 | 6.5 | Sep 05 |
Bank of India | 6 | 7.25 | 6.75 | 6.5 | Sep 01 |
Canara Bank | 6.25 | 7.25 | 6.85 | 6.8 | Jun 11 |
Central Bank of India | 6.25 | 7.45 | 6.5 | 6 | Aug 10 |
Indian Bank | 7.05 | 7.25 | 6.7 | 6.25 | Jun 12 |
Indian Overseas Bank | 5.75 | 7.3 | 6.8 | 6.5 | Jul 15 |
Punjab National Bank | 7.05 | 7.25 | 7 | 6.5 | Aug 01 |
Punjab & Sind Bank | 7.15 | 7.3 | 6.3 | 6 | Jul 01 |
State Bank of India | 6.5 | 7.25* | 7 | 6.75 | Jun 15 |
UCO Bank | 5.5 | 7.05 | 6.3 | 6.2 | Jun 11 |
Union Bank | 7.4 | 7.25 | 6.7 | 6.5 | Aug 02 |
INDIAN: PRIVATE SECTOR BANKS | |||||
Axis Bank | 6 | 7.25 | 7.1 | 7.1 | Sep 10 |
Bandhan Bank | 4.5 | 8.05 | 7.25 | 7.25 | Sep 13 |
Catholic Syrian | 7.25 | 7.75 | 7.1 | 5.75 | Aug 03 |
City Union Bank | 7.5 | 7 | 6.5 | 6.25 | Sep 01 |
DCB Bank | 7.25 | 8.05 | 7.55 | 7.75 | Jun 07 |
Dhanlaxmi Bank | 5 | 7.25 | 6.5 | 7.25 | Jul 15 |
Federal Bank | 6.5 | 7.35 | 7.4 | 7.4 | Sep 16 |
HDFC Bank | 6 | 7.25 | 7.35 | 7.4 | Jul 24 |
ICICI Bank | 6 | 7.25 | 7 | 7 | Sep 20 |
IDBI Bank | 7.05 | 7.35 | 7 | 6.5 | Aug 15 |
IDFC First Bank | 5.75 | 7.75 | 7 | 6.75 | Sep 13 |
IndusInd Bank | 6.5 | 7.99 | 7.25 | 7.25 | Sep 11 |
J & K Bank | 6.25 | 7 | 7 | 6.75 | Aug 11 |
Karnataka Bank | 6.75 | 7.5 | 6.5 | 6.5 | Sep 03 |
Kotak Bank | 7 | 7.4 | 7.15 | 7 | Jun 14 |
Karur Vysya Bank | 7.4 | 7.5 | 7.6 | 7 | Jul 18 |
RBL Bank | 6.05 | 8.1 | 7.5 | 7.1 | Jul 29 |
South Indian Bank | 5 | 7.25 | 7 | 6.7 | Apr 11 |
Tamilnad Mercantile Bank | 6 | 7.5 | 6.75 | 6.5 | Apr 10 |
TNSC Bank | 6.75 | 7.75 | 6.75 | 6.5 | NA |
Yes Bank | 6.35 | 8 | 7.25 | 7.25 | Jun 08 |
SMALL FINANCE BANKS | |||||
AU Small Finance Bank | 7.25 | 8 | 7.5 | 7.5 | Jun 07 |
Equitas Small Finance Bank | 6.25 | 8.5 | 8.25 | 7.5 | Jun 12 |
ESAF Small Finance Bank | 6 | 8.25 | 8.25 | 6.75 | Jan 01 |
Jana Small Finance Bank | 8 | 8.25 | 8.25 | 7.25 | Jul 02 |
Suryoday Small Finance Bank | 7.25 | 8.5 | 8.65 | 8.25 | 04-Sep |
Utkarsh Small Finance Bank | 6.5 | 8.5 | 8.5 | 8.5 | Jun 07 |
Ujjivan Small Finance Bank | 7.5 | 8.25 | 7.75 | 7.2 | 13-Sep |
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Compiled by BankBazaar.com from respective bank's website as on the date mentioned above. Note that fixed interest rates may be subject to a revision after a specified tenure depending on the bank's T&Cs.
Some banks/FIs allow fixed rate only for a definite period and thereafter prevailing floating rates are made applicable.