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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 | 4.75 | 7.25 | 7.5 | 6.5 | Jul 10 |
| Deutsche Bank | 7 | 7.5 | 7.75 | 7.5 | Aug 03 |
| HSBC | 4.5 | 6.25 | 7.25 | 7 | Sep 07 |
| Scotia Bank | 3.7 | 3.9 | 4 | 4 | Sep 01 |
| Standard Chartered | 6.5 | 7.5 | 7.5 | 7.1 | Sep 29 |
| INDIAN: PUBLIC SECTOR BANKS | |||||
| Bank of Maharashtra | 7 | 6.75 | 6 | 5.75 | Apr 17 |
| Bank of Baroda | 5.75 | 7.25 | 7.05 | 6.5 | May 12 |
| Bank of India | 5.5 | 7.25 | 6.75 | 6.5 | Jul 28 |
| Canara Bank | 6.5 | 7.25 | 6.85 | 6.8 | Aug 12 |
| Central Bank of India | 5.75 | 7.1 | 6.5 | 6.5 | Aug 10 |
| Indian Bank | 7.05 | 7.25 | 6.7 | 6.25 | Mar 04 |
| Indian Overseas Bank | 5.35 | 7.25 | 6.8 | 6.5 | Apr 10 |
| Punjab National Bank | 5.8 | 7.25 | 7 | 6.5 | Jul 01 |
| Punjab & Sind Bank | 6.5 | 7.4 | 6.5 | 6 | Sep 01 |
| State Bank of India | 5.75 | 7.1 | 7 | 6.5 | Feb 15 |
| UCO Bank | 6 | 7.05 | 6.3 | 6.2 | Jun 12 |
| Union Bank | 5.25 | 7 | 6.5 | 6.7 | May 23 |
| INDIAN: PRIVATE SECTOR BANKS | |||||
| Axis Bank | 6 | 7.1 | 7.1 | 7.1 | Sep 18 |
| Bandhan Bank | 4.5 | 7.85 | 7.25 | 7.25 | Jul 05 |
| Catholic Syrian | 4.25 | 7.35 | 5.75 | 5.75 | Jun 22 |
| City Union Bank | 6.5 | 7 | 6.5 | 6.25 | Apr 05 |
| DCB Bank | 7.25 | 7.75 | 7.9 | 7.9 | Sep 27 |
| Dhanlaxmi Bank | 6.75 | 7.25 | 6.5 | 6.6 | Aug 01 |
| Federal Bank | 6 | 7.3 | 7.05 | 6.6 | Sep 21 |
| HDFC Bank | 6 | 7.1 | 7.2 | 7.25 | May 29 |
| ICICI Bank | 6 | 7.1 | 7.1 | 7 | Feb 24 |
| IDBI Bank | 6.25 | 7.15 | 6.5 | 6.5 | Sep 15 |
| IDFC First Bank | 6.5 | 7.5 | 7.25 | 7 | Jul 01 |
| IndusInd Bank | 6.35 | 7.5 | 7.25 | 7.25 | Aug 05 |
| J & K Bank | 6 | 7.1 | 7 | 6.5 | Aug 11 |
| Karnataka Bank | 5.25 | 7.3 | 6.5 | 6.5 | Jul 20 |
| Kotak Bank | 7 | 7.25 | 7 | 6.5 | Sep 13 |
| Karur Vysya Bank | 6.5 | 7.5 | 7 | 6.5 | Sep 01 |
| RBL Bank | 6.05 | 7.8 | 7.5 | 7.1 | Jun 01 |
| South Indian Bank | 6 | 7.2 | 7 | 6.5 | Aug 23 |
| Tamilnad Mercantile Bank | 6 | 7 | 6.75 | 6.5 | Aug 14 |
| TNSC Bank | 6 | 7.5 | 6.6 | 6.5 | NA |
| Yes Bank | 6.35 | 7.75 | 7.25 | 7.25 | Sep 04 |
| SMALL FINANCE BANKS | |||||
| AU Small Finance Bank | 6.75 | 7.75 | 8 | 7.75 | Aug 16 |
| Equitas Small Finance Bank | 6.25 | 8.5 | 8.25 | 7.5 | Aug 21 |
| Fincare Small Finance Bank | 6.5 | 8.11 | 8.51 | 8.25 | Sep 21 |
| Jana Small Finance Bank | 7.75 | 8.25 | 8.5 | 7.25 | Aug 15 |
| Suryoday Small Finance Bank | 6 | 8.5 | 8.6 | 8.25 | Aug 07 |
| Utkarsh Small Finance Bank | 6.5 | 8.5 | 8.5 | 8.25 | 21-Aug |
| Ujjivan Small Finance Bank | 6.5 | 8.25 | 7.75 | 7.2 | Jun 01 |
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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. *Rate as on 25 Aug 2023
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Published on March 19, 2019
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