A fixed deposit is a reliable way to maintain liquidity and earn a guaranteed rate of return on capital. Interest rates vary from bank to bank. Let’s take a comprehensive look at the interest rates offered today.
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Bank | year |
1 to 2 years |
2 to 3 years |
3 to 5 years |
wef |
FOREIGN BANKS | |||||
Citi Bank | 2.75 | 3 | 3.5 | 3.5 | Jul 29 |
DBS Bank | 4.75 | 6.5 | 6.5 | 6.25 | 28 Jul |
German Bank | 5.25 | 6 | 6.25 | seven | June 14 |
HSBC | 3.1 | 5.75 | 6 | 4 | 18 Jul |
Scotiabank | 3.7 | 3.9 | 4 | 4 | Jul 01 |
Standard charter | 4.65 | 5.7 | 5.7 | 5.7 | Jul 04 |
INDIAN: PUBLIC SECTOR BANKS | |||||
Bank of Maharashtra | 5 | 5.25 | 5.25 | 5.25 | June 13 |
Bank of Baroda | 4.65 | 5.45 | 5.5 | 5.5 | 28 Jul |
Bank of India | 4.35 | 5.4 | 5.4 | 5.35 | June 23 |
Canara Bank | 5.1 | 5.45 | 5.7 | 5.75 | Jul 16 |
central bank of india | 4.4 | 5.3 | 5.35 | 5.6 | Jul 10 |
Indian bank | 4.4 | 5.5 | 5.6 | 5.6 | Jul 04 |
Overseas Indian Bank | 4.5 | 5.5 | 5.6 | 5.6 | Jul 12 |
National Bank of Punjab | 4.5 | 5.45 | 5.5 | 5.75 | Jul 20 |
Bank of Punjab and Sindh | 4.5 | 5.35 | 5.6 | 5.6 | Jul 11 |
National Bank of India | 4.6 | 5.35 | 5.45 | 5.5 | June 14 |
UCO Bank | 4.4 | 5.3 | 5.3 | 5.6 | May 10 |
Union Bank | 4.6 | 5.45 | 5.5 | 5.75 | June 16 |
INDIAN: PRIVATE SECTOR BANKS | |||||
Axis Bank | 4.75 | 5.75 | 5.7 | 5.75 | 28 Jul |
Bandhan Bank | 4.5 | 6.5 | 6.5 | 6.5 | Jul 04 |
Syrian Catholic | 4.25 | 5.5 | 5.75 | 5.75 | Jun 01 |
city union bank | 4.75 | 5.55 | 5.3 | 5.25 | June 20 |
DCB Bank | 5.7 | 6.6 | 6.6 | 6.6 | June 22 |
Dhanlaxmi Bank | 4.5 | 5.8 | 5.3 | 6.05 | Jul 20 |
federal bank | 4.8 | 5.75 | 6 | 5.75 | 18 Jul |
HDFC Bank | 4.65 | 5.35 | 5.5 | 5.7 | June 17 |
ICICI Bank | 4.65 | 5.35 | 5.5 | 5.7 | June 22 |
IDBI Bank | 4.5 | 5.4 | 5.6 | 5.75 | July 14th |
First IDFC Bank | 5.75 | 6.5 | 6.5 | 6.5 | 18 Jul |
IndusInd Bank | 5.5 | 6.5 | 6.5 | 6.5 | 21st of June |
J&K Bank | 4.5 | 5.4 | 5.5 | 5.55 | Jul 11 |
Bank of Karnataka | 5 | 5.5 | 5.65 | 5.65 | Jul 29 |
Kotak Bank | 5.25 | 5.75 | 5.9 | 5.9 | Jul 26 |
Karur Vysia Bank | 5 | 5.6 | 5.8 | 5.9 | Jul 08 |
RBL Bank | 5.25 | seven | 6.75 | 6.55 | July 21 |
Bank of South India | 4.6 | 5.6 | 5.75 | 5.85 | Jul 20 |
Commercial Bank of Tamilnad | 5 | 5.6 | 5.6 | 5.6 | Jun 01 |
TNSC Bank | 5.75 | 6 | 5.85 | 6 | December 9 |
Yes Bank | 5 | 6.5 | 6.5 | 6.5 | June 18 |
SMALL CORPORATE BANKS | |||||
AU Small Financial Bank | 5.35 | 6.6 | 6.9 | 6.9 | June 24 |
Equitas Small Finance Bank | 5.25 | 6.6 | seven | 6 | June 27 |
Fincare Small Corporate Bank | 5.4 | 6.9 | 6.5 | seven | 18 Jul |
Bank Jana Small Finance | 5.5 | 7.25 | 7.25 | 7.35 | June 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 | June 13 |
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Compiled by BankBazaar.com from the respective bank’s website on the date mentioned above. Note that fixed interest rates may be subject to revision after a fixed term depending on the general conditions of the bank.
Some banks/FIs only allow fixed rates for a fixed period, after which the prevailing floating rates apply.