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 | Jan 03 |
HSBC | 4.5 | 6.25 | 7.25 | 7 | Sep 07 |
Scotia Bank | 3.7 | 3.9 | 4 | 4 | Feb 01 |
Standard Chartered | 6.5 | 7.5 | 7.5 | 7.1 | Feb 01 |
INDIAN: PUBLIC SECTOR BANKS | |||||
Bank of Maharashtra | 7 | 6.75 | 6.25 | 6 | Feb 28 |
Bank of Baroda | 7.1 | 7.15 | 7.25 | 6.5 | Jan 15 |
Bank of India | 5.75 | 7.25 | 6.75 | 6.5 | Nov 01 |
Canara Bank | 6.25 | 7.25 | 6.85 | 6.8 | Nov 16 |
Central Bank of India | 6.25 | 7.1 | 7 | 6.5 | Jan 10 |
Indian Bank | 7.05 | 7.25 | 6.7 | 6.25 | Mar 04 |
Indian Overseas Bank | 5.75 | 7.3 | 6.8 | 6.5 | Feb 10 |
Punjab National Bank | 7.05 | 7.25 | 7 | 6.5 | Feb 01 |
Punjab & Sind Bank | 7.15 | 7.4 | 6.3 | 6 | Feb 01 |
State Bank of India | 6 | 7.1 | 7 | 6.75 | Dec 27 |
UCO Bank | 5.5 | 6.5 | 6.3 | 6.2 | Oct 01 |
Union Bank | 5.75 | 7.25 | 6.5 | 6.5 | Jan 19 |
INDIAN: PRIVATE SECTOR BANKS | |||||
Axis Bank | 6 | 7.2 | 7.1 | 7.1 | Mar 06 |
Bandhan Bank | 4.5 | 7.85 | 7.25 | 7.25 | NA |
Catholic Syrian | 7.25 | 7.75 | 7.1 | 5.75 | Dec 01 |
City Union Bank | 6.5 | 7 | 6.5 | 6.25 | Mar 20 |
DCB Bank | 7.25 | 7.85 | 8 | 7.9 | Dec 13 |
Dhanlaxmi Bank | 6.5 | 7.25 | 6.5 | 6.6 | Feb 01 |
Federal Bank | 6 | 7.5 | 7.05 | 7 | Feb 06 |
HDFC Bank | 6 | 7.25 | 7.15 | 7.2 | Feb 09 |
ICICI Bank | 6 | 7.2 | 7 | 7 | Feb 17 |
IDBI Bank | 7.05 | 7.25 | 7 | 6.5 | Feb 15 |
IDFC First Bank | 5.75 | 8 | 7.25 | 7 | Mar 21 |
IndusInd Bank | 6.5 | 7.75 | 7.25 | 7.25 | Feb 06 |
J & K Bank | 6 | 7.1 | 7 | 6.5 | Jan 11 |
Karnataka Bank | 7.1 | 7.4 | 6.5 | 6.5 | Feb 01 |
Kotak Bank | 7 | 7.4 | 7.15 | 7 | Feb 27 |
Karur Vysya Bank | 7.4 | 7.5 | 7 | 7 | Feb 01 |
RBL Bank | 6.05 | 8.1 | 7.5 | 7.1 | Feb 14 |
South Indian Bank | 6 | 7.4 | 7 | 6.7 | Feb 20 |
Tamilnad Mercantile Bank | 7.25 | 7 | 6.75 | 6.5 | Aug 14 |
TNSC Bank | 6.5 | 7.5 | 6.75 | 6.5 | NA |
Yes Bank | 6.35 | 7.75 | 7.25 | 7.25 | Nov 21 |
SMALL FINANCE BANKS | |||||
AU Small Finance Bank | 6.75 | 8 | 7.5 | 7.5 | Jan 24 |
Equitas Small Finance Bank | 6.25 | 8.5 | 8.25 | 7.5 | Aug 21 |
ESAF Small Finance Bank | 6 | 8.25 | 8.25 | 6.75 | Jan 01 |
Fincare Small Finance Bank | 7 | 8.21 | 8.61 | 8.25 | Oct 28 |
Jana Small Finance Bank | 8 | 8.5 | 7.25 | 7.25 | Jan 02 |
Suryoday Small Finance Bank | 6 | 8.5 | 9.01 | 8.25 | 01-Mar |
Utkarsh Small Finance Bank | 6.5 | 8.5 | 8.5 | 8.25 | Aug 21 |
Ujjivan Small Finance Bank | 6.5 | 8.5 | 7.75 | 7.2 | 07-Mar |
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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.
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Published on March 19, 2019
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