Update: I am no longer updating this page, but you can find some of the best interest rates currently offered in India here.
As I reviewed my bank interest rates in India page to see if it needed to be updated – I saw that I didn’t include a few banks that were paying a pretty decent interest rate on fixed deposits in India.
So, let me show you an updated table of banks and the fixed deposit interest rates they are paying right now. As I went about making this fixed deposit comparison, I realized that a lot of banks pay less than 3.5% on fixed deposits of say 45 days or less. The savings account pays 3.5% so why would anyone make a fixed deposit of anything less than 3.5%?
Am I missing something?
Updated on 10th Jan 2011
Update: Feb 27th 2011
| S.No. | Bank | 1 Year to < 2 years | 2 Years to < 3 years | 3 Years to < 5 years | More than 5 |
| 1 | Allahabad Bank | 8.00% | 8.25% | 8.25% | 8.30% |
| 2 | Andhra Bank | 9.00% | 9.25% | 8.00% | 8.00% |
| 3 | Axis Bank | 8.75% | 8.25% | 7.00% | 7.00% |
| 4 | Bank of Baroda | 8.75% | 9.10% | 8.75% | 8.25% |
| 5 | Bank of India | 8.75% | 9.25% | 8.25% | 7.00% |
| 6 | Bank of Maharashtra | 8.30% | 9.25% | 8.30% | 8.00% |
| 7 | Canara Bank | 8.75% | 9.10% | 9.25% | 8.00% |
| 8 | Central Bank of India | 8.75% | 8.75% | 8.80% | 8.60% |
| 9 | Dena Bank | 8.25% | 9.00% | 8.25% | 7.75% |
| 10 | HDFC Bank | 8.25% | 9.00% | 8.25% | 8.25% |
| 11 | ICICI Bank | 8.50% | 9.25% | 9.25% | 8.25% |
| 12 | IDBI Bank | 9.00% | 9.25% | 8.60% | 8.50% |
| 13 | Indian Bank | 8.50% | 9.40% | 8.50% | 8.00% |
| 14 | Indian Overseas Bank | % | % | % | % |
| 15 | Indus Ind Bank | 9.00% | 8.75% | 8.75% | 8.50% |
| 16 | J&K Bank | 8.50% | 8.50% | 8.50% | 8.25% |
| 17 | Karnataka Bank | 9.75% | 9.50% | 9.25% | 8.75% |
| 18 | Karur Vysya Bank | 10.00% | 9.75% | 9.00% | 8.00% |
| 19 | Kotak Bank | 9.25% | 9.40% | 9.25% | 8.75% |
| 20 | PNB | % | % | % | 8.50% |
| 21 | Punjab and Sind Bank | 9.00% | 9.25% | 9.05% | 8.75% |
| 22 | South Indian Bank | 9.25% | 8.75% | 8.75% | 8.25% |
| 23 | State Bank of Hyderabad | % | 9.25% | 8.75% | 8.75% |
| 24 | State Bank of India | 8.25% | 9.00% | 8.25% | 8.50% |
| 25 | State Bank of Patiala | 8.50% | 9.00% | 8.25% | % |
| 26 | State Bank of Travancore | 9.25% | 9.25% | 9.25% | 8.75% |
| 27 | Syndicate Bank | 9.25% | 9.25% | 9.00% | 8.60% |
| 28 | UCO Bank | 9.00% | 8.50% | 8.50% | 7.75% |
| 29 | Union Bank of India | 8.50% | 8.75% | 9.00% | 8.00% |
| 30 | Vijaya Bank | 9.25% | 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 that 2014 fb rates for diposite of200000
Hi, Any idea which Banks are offering higher rate of interest for NRI Fixed Deposits at the present moment. Thanks for your assistance.
EXCELLENT INFORMATION FOR ALL LEVEL OF BANK CUSTOMERS. BUT I DEMANDING TO PRESENT FD INTEREST CALCULATES CALCULATOR
You have written that you have not updated your rate of intrest since 2011 .It is not understood how it has happened that update work has gone back.Please do it fast.One more suggestion you should give two diffrent rate one for common man and another for senior citizen.
please explain SBI mod balance interest…
Can you please provide me the NRE Fixed Deposit interest rates prevailing in 2010 (Jan to Dec)
for one year period of SBI and Axis Bank ? Thanks.
this is an old update. pleasssssse update las=test
iI WANT TO KNOW TERM DEPOSITE RATES FOR 2006–2007 FOR UNION BANK
OF INDIA PL. HELP
I had account in SBi @ TN State…
Now i am @ Maharastra State..along with my bank passbook….Now i want to open Fixed Deposit account @ MH State…also PAN details are not updated with my bank..
So, now can i open FD account @ MH State….
Please clarify me…
Yes you can, just go to the bank and they will assist you.
sir,
I (PRADEEP KUMAR) want to know that some information about fixed deposite of SBI.
if i done one FD of 10,lakhs then how much rate of interest could be given by bank
and also i would like to know that if i m taking a loan on that F.D than how much rate of
interest i will paid .
9% or so and best way to get details are to go to a branch of SBI and ask them. This website is not related to SBI at all.
Hi Manshu
I hope that the readers of onemint will find following links useful
A. Get the Highest FD Interest Rates
1. For Fixed Deposits
2. Tax Savings Fixed Deposits
3. NRI Fixed Deposits
http://www.ratekhoj.com/fixed-deposits/index.php
A (a) Fixed Deposit Rates
You can get FD rates based on institution types like banks (Public Sector / Nationalized Banks, Indian Private Sector Banks, Foreign Banks, Cooperative Banks, Post Office Savings Schemes, Companies etc.). You can get interest rates selecting as per deposit period range or you can select specific deposit period for your fixed deposit. You can also search for senior citizen and non senior rates as well. Many banks pay different rates of interest for large deposits, you can select this criteria as well.
The search is broadly categorized in 4 types:
1. FD rates based on institution type/deposit period range
2. FD rates based on institution type/specific deposit period
3. FD rates in selected institutions/deposit period range
4. FD rates in selected institutions/deposit period range
You then fill your search criteria and the resulting table can runs into hundreds of pages. In many cases you have to narrow your search or you have to be specific in your search so that the table may not run in many pages.
You can sort this table as per you choice as per alphabetical list of institutions, period of deposit and rate of interest (highest to lowest) by clicking on the first row of the table.
http://www.ratekhoj.com/fixed-deposits/fixed-deposit-rates/index.php
B. Calculators
Fixed Deposit Interest Calculator – Calculate how much interest payments you can get based on your fixed deposit amount, interest rate and interest payment period.
FD Maturity Calculator – Calculate the maturity amount and effective yield (compound interest rate) of your fixed deposit based on your deposit amount, interest rate and duration
http://www.ratekhoj.com/calculators.php
C. Find Bank IFSC Codes, MICR Codes, Postal Addresses
http://www.ratekhoj.com/banks/index.php
Umesh
As suggested by Umesh I went through the site http://www.ratekhoj.com today and found the site quite informative and really useful. Further a few days back I had gone through another site http://www.thebankingbible.com and hope that this site would also be useful for the readers. Here are the links of the site.
http://thebankingbible.com/best-fixed-deposit-interest-rates-of-banks-1069
http://thebankingbible.com/comparison-of-nre-fixed-deposit-interest-rates-of-banks-1385
Dear sir,
i appreciate your services to public but please check before posting or please regularly watch related website and update frequently when the market rates are change because idbi bank rate of interest is changed.
for your reference please visit http://www.idbi.com/interest_rate.asp
thanking you
yours faithfully,
ramesh-chennai 4th avenue
sir , i came to know that some of banks are giving initially with high interest rate and then reducing their interest rates , why it is i don’t know please reply . i am kishore.
No Kishore, they can’t and won’t do it. So, if you go to SBI and say you want to open a FD for five years, and then they say that this is the rate of interest you will get – you will continue to get that rate of interest for the duration of your FD.
I appreciate your efforts to provide much needed information of FD rates of many banks. It will be very much usefull to me.
It would be more justified if u include in youe list banks such Yes Bank which gives higher rate of interest on FDS. eg. it provides 10.60% to Senior Citizen for 15 months 20 days.
Dear Sir,
I am an NRE, planning to return to India soon.I would like to deposit my gratuity in a bank that gives maximum monthly interest.Please let me know the interest rate and the bank.
Thanks.
hi…
i have a doubt about crop loans ..i have applied 3lakhs on my property for crop cultivation…i had received only 1lakh out of 3 lakhs …before a week i have approached with the bank manager for another one lakh settlement…he did not sanction me,what is the reason…Is? there any fault in my side.If there is absence of fault in my side,what type of step i can carry over?
I don’t know anything about crop loan to be able to answer you but if you feel that you’re not being treated fairly you can try approaching the banking ombudsman. Here is a link with some details.
https://secweb.rbi.org.in/BO/compltindex.htm
hi…
i have a doubt about crop loans ..i have applied 3lakhs on my property for crop cultivation…i had received only 1lakh out of 3 lakhs …before a week i have approached with the bank manager for another one lakh settlement…he did not sanction me,what is the reason…Is? there any fault in my side.If there is absence of fault in my side,what type of step i can carry over?
hi!
The bellow mentioned following bank decleared rate of intrest .But, here i am very confused about that, if keeping my money for 5 year , i well get lower rate of intrest compare to 3 year . kindly advise me what is the reason for the same.
1 Year to < 2 years 2 Years to < 3 years 3 Years to < 5 years More than 5
1 Allahabad Bank 8.00% 8.25% 8.25% 8.30%
2 Andhra Bank 9.00% 9.25% 8.00% 8.00%
3 Axis Bank 8.75% 8.25% 7.00% 7.00%
4 Bank of Baroda 8.75% 9.10% 8.75% 8.25%
5 Bank of India 8.75% 9.25% 8.25% 7.00
Banks expect interest rate to lower in a longer time frame, you can take advantage of the higher rates right now by shorter durations. The other way of locking a high interest rate like 9.75% or so for ten or fifteen years can be by buying SBI bonds from the secondary market.
I am an Administrative Officer presently working as Executive Officer to Malai Mahadeshwara Hills, Chamarajanagara District, Karnataka State. I want to find out which Nationalised bank is ready to offer highest interest rates for more than one crore and for less than 5 crore (Temple money). Interested Natonalised bank should also be willing to gift required items to the temple which should be equivalent to 1% of the deposit amount and it should be over and above the interest rate specified by them. Interested banks may please contact me on my email and sent their offer with telephone nos address and email to my email immediately.
From : Jayavibhava Swamy, K.A.S.,
Executive Officer and Officer on Special Duty,
Malai Mahadeshwara Temple, Malai Mahadeshwara Hills,
Chamarajanagar District, Karnataka State.
Can you please send me NRO fixed depost rates. Please send it to my personal email [email protected]
You can find the interest rates on this post:
http://www.icicibank.com/interest-rates.html
NRO rates are usually same as regular interest rates, so you can refer to this list.