Fixed Deposit (FD) Interest Rates

Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth. A fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good earning through it then fixed deposit is the way to go.

Comparison of Bank Fixed Deposit Interest Rates

45 Results found

Bank Name	Tenure	Deposit Amount	Interest Rate
Bank Name	Tenure	Deposit Amount	General	Senior Citizen
Jana Small Finance Bank	2 Yrs - 3 Yrs	Above 10 lakh	8.25	8.75
Suryoday Small Finance Bank	1 Yr 6 M	Below 2 Cr	8.25	8.65
Equitas Small Finance Bank	888 days	Below 3 Cr	8.05	8.55
Ujjivan Small Finance Bank	18 M	Below 3 Cr	8.05	8.55
RBL Bank	500 days	Below 3 Cr	8.00	8.50
Fincare Small Finance Bank	18 M	Below 2 Cr	8.00	8.50
IndusInd Bank	1 Yr 6 M to < 2 Yrs	Below 3 Cr	7.75	8.25
ESAF Small Finance Bank	444 days	Below 3 Cr	7.75	8.25
AU Small Finance Bank	18 M	Below 3 Cr	7.75	8.25
Utkarsh Small Finance Bank	3 Yrs	Below 2 Cr	7.65	8.15
Yes Bank	36 M to < 60 M	Below 3 Cr	7.50	8.25
Karur Vysya Bank	444 Days	Below 3 Cr	7.50	8.00
Slice small finance bank	3 Yrs	Up to 5 Cr	7.50	7.50
Bank of Maharashtra	366 days	Below 3 Cr	7.45	7.95
Tamilnad Mercantile Bank	400 days	Below 3 Cr	7.30	7.80
Kotak Mahindra Bank	391 days to < 23 M	Below 3 Cr	7.30	7.80
Union Bank of India	456 days	Below 3 Cr	7.30	7.80
Jammu & Kashmir Bank	888 days	Below 3 Cr	7.30	7.80
Indian Overseas Bank	444 Days	Below 3 Cr	7.30	7.80
Shivalik Small Finance Bank	2 Yrs	Below 2 Cr	7.30	7.80
Karnataka Bank	1 Yr - 2 Yrs	Below 3 Cr	7.25	7.75
Punjab and Sind Bank	375 Days	Below 3 Cr	7.25	7.75
Bandhan Bank	2 Yrs to < 3 Yrs	Below 3 Cr	7.20	7.70
DCB Bank	27 M to < 28 M	Below 3 Cr	7.20	7.70
Bank of Baroda	2 Yrs - 3 Yrs	Below 3 Cr	7.15	7.65
Central Bank of India	2 Yrs to < 3 Yrs	Below 3 Cr	7.15	7.65
Capital Small Finance Bank	1 Yr to < 5 Yrs	Below 2 Cr	7.15	7.65
Indian Bank	1 Yr to < 2 Yrs	Below 3 Cr	7.10	7.60
Punjab National Bank	390 days	Below 3 Cr	7.10	7.60
Bank of India	1 Yr	3 Cr to Below 10 Cr	7.05	7.70
UCO Bank	444 days	Below 3 Cr	7.05	7.55
State Bank of India	1 Yr to < 2 Yrs	Above 3 Cr	7.00	7.50
IDBI Bank	2 Yrs to < 3 Yrs	Below 3 Cr	7.00	7.50
IDFC FIRST Bank	450 days - 2 tears	Below 3 Cr	7.00	7.50
Nainital bank	18 M to <= 2 Yrs	Below 3 Cr	7.00	7.50
CSB Bank	13 M*	Below 3 Cr	6.80	7.30
Unity Small Finance Bank	3 Yrs	Below 3 Cr	6.75	7.25
City Union Bank	365 days	Below 3 Cr	6.75	7.00
Federal Bank	999 days	Below 3 Cr	6.70	7.20
Axis Bank	5 Yrs - 10 Yrs	3 Cr to Below 5 Cr	6.60	7.35
South Indian Bank	1 Yr	Below 3 Cr	6.60	7.10
ICICI Bank	5 Yrs 1 day - 10 Yrs	3 Cr to Below 5 Cr	6.60	7.10
Dhanalakshmi Bank	5 Yrs - 10 Yrs	Below 3 Cr	6.60	7.10
HDFC Bank	18 M to < 21 M	Below 3 Cr	6.60	7.10
Canara Bank	444 Days	Below 3 Cr	6.50	7.00

Why Bank FD Interest Rate Varies From Bank to Bank?

There are different kind of banks that are available in India, like public sector or nationalized banks, Indian private sector banks, foreign banks and cooperative banks. Each category of banks have different interest rates and every bank have their own set of interest rate and it varies from bank to bank.

Banks are free to set their own interest rates, according to their own asset liability match. Banks therefore will hike deposit interest rates, if they need additional deposits. On the other hand they will reduce the interest rates, when they are not in need. They can also borrow from the RBI.

Why compare bank interest rates?

These days you can book a fixed deposit online, which means you do not have to bother to go to the nearest branch. What this means you can compare bank interest rates and book an FD online that offers the best or the highest interest rates. This makes comparison of interest rates imperative. We have given the below interest rates of all of the banks, which will help to compare interest rates on bank deposits and than invest. We urge readers to take a look before investing.

TDS on Bank Fixed Deposit Interest?

Remember, that Bank FDs attract a TDS, if the interest amount is over Rs 10,000. Therefore, it is imperative that you plan your FDs accordingly. You can submit tax saving form 15g or 15h, if you do not want tax to be deducted by the bank on the interest income of the fixed deposits.

Should you only look at Bank Fixed Deposit interest rates?

Bank deposits are relatively secure, unless you go for the smaller cooperative banks, some of which may not be very secure. So, you would probably only need to compare interest rates.

There is no rating that is given to bank deposits, as they are more or less secure deposits. You can opt for both private and public sector banks, though the interest rates on these bank deposits hardly vary between these banks.

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