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.
–
| Bank | <1 year | 1 to 2 years | 2 to 3 years | 3 to 5 years | w.e.f |
| FOREIGN BANKS | |||||
| Citi Bank | 2.75 | 3 | 3.5 | 3.5 | Jul 01 |
| DBS Bank | 3.75 | 5.6 | 6 | 6 | Jun 09 |
| Deutsche Bank | 5.25 | 6 | 6.25 | 7 | Jun 14 |
| HSBC | 3.1 | 3.5 | 5.5 | 4 | May 19 |
| Scotia Bank | 3.2 | 3.4 | 3.55 | 3.55 | Jun 01 |
| Standard Chartered | 4.6 | 5.4 | 5.4 | 5.6 | Feb 19 |
| INDIAN: PUBLIC SECTOR BANKS | |||||
| Bank of Maharashtra | 5 | 5.25 | 5.25 | 5.25 | Jun 13 |
| Bank of Baroda | 4.4 | 5.45 | 5.5 | 5.35 | Jun 15 |
| Bank of India | 4.35 | 5.4 | 5.35 | 5.35 | Jun 23 |
| Canara Bank | 5.1 | 5.45 | 5.7 | 5.75 | Jun 23 |
| Central Bank of India | 4.35 | 5.3 | 5.35 | 5.6 | Jun 10 |
| Indian Bank | 4.4 | 5.25 | 5.35 | 5.35 | Jun 01 |
| Indian Overseas Bank | 4.5 | 5.45 | 5.6 | 5.6 | Jun 10 |
| Punjab National Bank | 4.5 | 5.2 | 5.3 | 5.5 | Jun 14 |
| Punjab & Sind Bank | 4.5 | 5.25 | 5.55 | 5.55 | Jul 01 |
| State Bank of India | 4.6 | 5.35 | 5.45 | 5.5 | Jun 14 |
| UCO Bank | 4.4 | 5.3 | 5.3 | 5.6 | May 10 |
| Union Bank | 4.6 | 5.45 | 5.5 | 5.75 | Jun 16 |
| INDIAN: PRIVATE SECTOR BANKS | |||||
| Axis Bank | 4.75 | 5.75 | 5.7 | 5.75 | Jun 20 |
| Bandhan Bank | 4.5 | 6.25 | 6.25 | 6.25 | May 04 |
| Catholic Syrian | 4.25 | 5.5 | 5.75 | 5.75 | Jun 01 |
| City Union Bank | 4.75 | 5.55 | 5.3 | 5.25 | Jun 20 |
| DCB Bank | 5.7 | 6.6 | 6.6 | 6.6 | Jun 22 |
| Dhanlaxmi Bank | 4.5 | 5.55 | 5.3 | 5.75 | May 26 |
| Federal Bank | 4.75 | 5.75 | 5.85 | 5.75 | Jun 22 |
| HDFC Bank | 4.65 | 5.35 | 5.5 | 5.7 | Jun 17 |
| ICICI Bank | 4.65 | 5.35 | 5.5 | 5.7 | Jun 22 |
| IDBI Bank | 4.5 | 5.25 | 5.6 | 5.75 | Jun 15 |
| IDFC First Bank | 5.75 | 6.25 | 6.25 | 6.5 | Jul 01 |
| IndusInd Bank | 5.5 | 6.5 | 6.5 | 6.5 | Jun 21 |
| J & K Bank | 4.5 | 5.4 | 5.5 | 5.55 | Jun 11 |
| Karnataka Bank | 5 | 5.35 | 5.5 | 5.5 | Jul 01 |
| Kotak Bank | 5.25 | 5.75 | 5.9 | 5.9 | Jul 01 |
| Karur Vysya Bank | 4.5 | 5.5 | 5.65 | 5.9 | Feb 18 |
| RBL Bank | 5.25 | 6.5 | 6.5 | 6.3 | Jun 08 |
| South Indian Bank | 4.75 | 5.3 | 5.5 | 5.8 | Jun 14 |
| Tamilnad Mercantile Bank | 5 | 5.6 | 5.6 | 5.6 | Jun 01 |
| TNSC Bank | 5.75 | 6 | 5.85 | 6 | Dec 09 |
| Yes Bank | 5 | 6.5 | 6.5 | 6.5 | Jun 18 |
| SMALL FINANCE BANKS | |||||
| AU Small Finance Bank | 5.35 | 6.6 | 6.9 | 6.9 | Jun 24 |
| Equitas Small Finance Bank | 5.25 | 6.6 | 7 | 6 | Jun 27 |
| Fincare Small Finance Bank | 5.4 | 6.5 | 6.5 | 7 | May 24 |
| Jana Small Finance Bank | 5.5 | 7.25 | 7.25 | 7.35 | Jun 15 |
| Suryoday Small Finance Bank | 5.75 | 6.5 | 7.49 | 6.75 | Jun 06 |
| Ujjivan Small Finance Bank | 6.5 | 7.1 | 7.2 | 7.2 | Jun 13 |
–
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.
Published on
March 19, 2019
COMMENTS
Please Email the Editor