Update: March 19th 2011
Here is a list of 20 bank interest rates of Indian banks. These are applicable from Jan 10th 2011, and the banks may change this anytime, so this list may not be up to date. Each bank name is linked to the website of the bank and clicking it will land you on the page which has the latest deposit rates. Click that to ensure that the data you are viewing is up to date.
Most banks have laid out terms which are not very easy to compare from one to another, and so I have taken the rates which I found on most websites. Most of these rates are for deposits of under Rs. 15 lakhs.
I stopped at 20 because each bank has listed out its terms differently and I wasn’t happy with the bank interest rate comparison chart that follows. Treat this as a sort of a rough comparison chart of interest rates offered by Indian banks.
Update: Despite its limitations and lot of people found this page useful, so I decided to include a few more banks and provide you a list of 30 banks here.
| S.No. | Bank | 1 Year to < 2 years | 2 Years to < 3 years | 3 Years to < 5 years | More than 5 |
| 1 | Allahabad Bank | 8.75% | 8.50% | 8.50% | 8.00% |
| 2 | Andhra Bank | 9.25% | 8.50% | 8.60% | 8.00% |
| 3 | Axis Bank | 9.25% | 8.50% | 8.50% | 8.50% |
| 4 | Bank of Baroda | 9.35% | 9.00% | 8.50% | 8.50% |
| 5 | Bank of India | 9.25% | 8.25% | 8.25% | 7.00% |
| 6 | Bank of Maharashtra | 8.30% | 8.60% | 8.60% | 8.30% |
| 7 | Canara Bank | 9.10% | 9.25% | 8.75% | 8.75% |
| 8 | Central Bank of India | 9.25% | 8.75% | 8.80% | 8.80% |
| 9 | Dena Bank | 9.00% | 9.00% | 9.00% | 8.75% |
| 10 | HDFC Bank | 8.50% | 9.25% | 8.25% | 8.25% |
| 11 | ICICI Bank | 9.25% | 9.25% | 8.75% | 8.75% |
| 12 | IDBI Bank | 9.25% | 9.25% | 9.00% | 9.00% |
| 13 | Indian Bank | 9.50% | 8.50% | 8.50% | 8.00% |
| 14 | Indian Overseas Bank | 9.25% | 8.75% | 9.00% | 9.00% |
| 15 | Indus Ind Bank | 9.00% | 8.75% | 9.50% | 8.75% |
| 16 | J&K Bank | 9.50% | 8.75% | 8.50% | 8.50% |
| 17 | Karnataka Bank | 9.75% | 9.50% | 9.25% | 8.75% |
| 18 | Karur Vysya Bank | 10.25% | 9.75% | 9.00% | 9.00% |
| 19 | Kotak Bank | 9.25% | 9.40% | 9.25% | 9.25% |
| 20 | PNB | ||||
| 21 | Punjab and Sind Bank | 9.55% | 9.60% | 9.05% | 8.75% |
| 22 | South Indian Bank | 9.75% | 8.75% | 8.75% | 8.25% |
| 23 | State Bank of Hyderabad | % | 9.25% | 8.75% | 8.75% |
| 24 | State Bank of India | 8.75% | 9.25% | 8.25% | 8.50% |
| 25 | State Bank of Patiala | 9.00% | 9.75% | 8.50% | 8.50% |
| 26 | State Bank of Travancore | 9.50% | 9.60% | 9.25% | 9.00% |
| 27 | Syndicate Bank | 9.25% | 9.25% | 9.00% | 8.60% |
| 28 | UCO Bank | 9.00% | 8.50% | 8.50% | 8.00% |
| 29 | Union Bank of India | 8.60% | 9.25% | 8.75% | 9.40% |
| 30 | Vijaya Bank | 9.35% | 9.25% | 8.50% | 8.25% |
Click on the New Here page to see how you can make the best use of this site.
Update: For some time there used to another fixed deposit interest rates in India page which had a few more banks than given in this list, but now I have included all those here as well.
Click on the New Here page that tells you how to make the best use of this site.
i want to know int rate on fixed deposite for sr citizen of lndus lnd bank
Responded to your comment on the Indus Ind post.
Hi Manshu,
Very good resource – how frequently do you update this.
Hi Hemant – I try to keep it current, so with every change in rates I try to update this also. But there is a considerable lag, which I’m trying to reduce.
goodone but now onwards RBI has increased the rate of interest ,plz provide me on my mail in detail.
thank you for providing
Hi,
Just a question to ask. Can foreigner place fixed deposit with Indian bank in rupee and withdraw both principle and interest on maturity? If positive, please show the procedure on placing.
Thank you.
Leen
That’s not possible for these deposits Leen as they are only allowed for resident individuals.
Hey thanx for the info…it is nice of u….cn u update me with the comparison of the interest rates for personal loans by diff banks…………
I tried to create such a list earlier Parikshit, but quickly realized that I don’t have the bandwidth to create such a list.
I have seen one on Rupee Times though, and you can see it on this link:
http://www.rupeetimes.com/compare/personal_loan/
Given the interest rate scenario in India I would like to take
whole the money I can earn outside India, currently in Japan.
Here , the interest rate is 0.5 percent.
Huh!
hi..i wnt to invest 500000 lk rupes to get fixed monthly income …so which bank gives me maximum return per month
Is the above list applicable as on today too??or there is some correction to it.
Please reply ASAP.
Thnx in advance.
pls let me know Fds rate of interests from april 1995 to march 2010
pls let me know the rate of interests from 1st april 1996 to 31st march 2010
please send me mails every time when there is a change in interest rates both private and nationalised banks including public limited companies interest rates
Thanks in advance
The interest rate does not move in tandem with tenors at times because of many reasons. One of these reason could be Banks specific Asset Liability mismatch i.e. its inflows by way of repayments of loans and outflows through maturing Fds etc. in addition to other many other factors like requirement of funds for maintaining CRR / SLR / Capital Adequacy Ratio over the Reporting periods etc. Trust this clarifies the issue to some extent.
i am a student , i seek about the rate of interest
HI,INFORMATION PROVIDED BY U IS TOO GOOD BUT IT WILL BE REALLY HELPFUL TO ME IF U PROVIDE RATE OF INTEREST ON RECURRING DEPOSITS OF VARIOUS BANKS.