Comments
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 | |||||
| DBS Bank | 6 | 7.5 | 7 | 6.5 | Dec 11 |
| Deutsche Bank | 7 | 8.1 | 8 | 7.5 | Apr 19 |
| HSBC | 4.5 | 6.25 | 7.25 | 7 | Sep 07 |
| Scotia Bank | 3.7 | 3.9 | 4 | 4 | Apr 01 |
| Standard Chartered | 6.5 | 7.5 | 7.5 | 7.1 | Feb 01 |
| INDIAN: PUBLIC SECTOR BANKS | |||||
| Bank of Maharashtra | 6 | 6.5 | 5.75 | 5.75 | Mar 27 |
| Bank of Baroda | 7.1 | 7.15 | 7.25 | 6.5 | Jan 15 |
| Bank of India | 5.75 | 7.25 | 6.75 | 6.5 | Apr 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 | Apr 15 |
| Punjab National Bank | 7.05 | 7.25 | 7 | 6.5 | Feb 01 |
| Punjab & Sind Bank | 7.1 | 7.25 | 6.3 | 6 | Apr 02 |
| 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 | Apr 04 |
| Bandhan Bank | 4.5 | 7.85 | 7.25 | 7.25 | Apr 08 |
| 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 | 7.4 | 7 | 7 | Apr 17 |
| 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 | Apr 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 | 7.05 | 7 | 6.5 | Apr 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 | 5 | 7.25 | 7 | 6.7 | Apr 11 |
| Tamilnad Mercantile Bank | 6 | 7.5 | 6.75 | 6.5 | Apr 10 |
| 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 | 6.5 | 8 | 7.5 | 7.5 | Apr 17 |
| 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 |
| Jana Small Finance Bank | 8 | 8.5 | 7.25 | 7.25 | Jan 02 |
| Suryoday Small Finance Bank | 6 | 8.5 | 8.65 | 9.01 | 02-Apr |
| 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 |
–
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.
Comments
SHARE
- Copy link
- Telegram
Published on March 19, 2019
COMMENT NOW
This article is closed for comments.
Please Email the Editor
Please Email the Editor
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.