Fixed Deposit Archives - SimplyRupee https://www.simplyrupee.com/category/banking/fixed-deposit Powering Your Personal Finance Sat, 24 Oct 2020 16:18:41 +0000 en-US hourly 1 https://www.simplyrupee.com/wp-content/uploads/2019/01/favicon-150x150.png Fixed Deposit Archives - SimplyRupee https://www.simplyrupee.com/category/banking/fixed-deposit 32 32 Bank FD – Fixed Deposits with Highest Interest Rates in India https://www.simplyrupee.com/banking/bank-fd-fixed-deposits-with-highest-interest-rates-in-india https://www.simplyrupee.com/banking/bank-fd-fixed-deposits-with-highest-interest-rates-in-india#respond Fri, 10 May 2019 07:35:00 +0000 https://www.simplyrupee.com/uncategorized/bank-fd-fixed-deposits-with-highest-interest-rates-in-india A FD is a financial instrument offered by banks, NBFCs  and corporates. It allows individuals to deposit sums of money for fixed periods of time, like 1 month, 6 months, 1 year, 5 years etc....

The post Bank FD – Fixed Deposits with Highest Interest Rates in India appeared first on SimplyRupee.

]]>

A FD is a financial instrument offered by banks, NBFCs  and corporates. It allows individuals to deposit sums of money for fixed periods of time, like 1 month, 6 months, 1 year, 5 years etc. In general, fixed deposit accounts offer a higher interest rates than savings accounts. Fixed deposits are regarded as safe investments and help people to grow their financial assets without exposing them to volatility and other risks associated with the financial market. Most of the banks offer fixed deposit accounts in India and the interest rates offered with these accounts depend on the tenure of deposit and other factors. The tenure offered with fixed deposits can range from 7 days to 10 years, whereas the interest rate offered can be as high as 9% per annum. Some of banks even offer tax saving fixed deposits that offer tax benefits to customers.

Here are the latest interest rates on fixed deposits offered by banks and NBFCs.

Fixed Deposit Interest Rates – Deposits Of Rs. 1 Crore Or Less
Bank Name6 – 12 Months1-2 Years2-3 Years3-5 Years5 Years +
Public Sector Banks
Allahabad Bank6.25%- 6.5%6.65%6.50%6.50%6.50%
Andhra Bank6.26%- 6.6%6.80%6.75%- 6.8%6.75%6.5%- 6.75%
Bank of Baroda5.75%-6.5%6.7%-6.85%6.7%-6.8%6.70%6.70%
Bank of India6.25%6.65%6.70%6.50%6.35%
Bank of Maharashtra6.00%6.50%6.5%-6.6%6%-6.6%6.00%
Canara Bank6.35%- 6.4%7%- 7.1%6.70%6.20%6.20%
Central Bank of India6.50%6.60%6.50%6.50%6.50%
Corporation Bank6.0%-6.35%6.5%-6.8%6.50%6.50%6.50%
Dena Bank6.25%6.65%- 6.75%6.60%6.25%6.30%
IDBI Bank Limited6.25% – 6.5%7%-7.05%7.05%6.85%6%-6.85%
Indian Bank6.25% – 6.5%6.6% – 6.75%6.50%6.00%6.00%
Indian Overseas Bank5.75% – 6.25%6.60%6.75%6.80%6.80%
Oriental Bank of Commerce6.35%-6.5%6.75% -7%6.75%6.70%6.75%
Punjab & Sind Bank6.25%-6.4%6.75%6.6%-6.75%6.55%6.55%
Punjab National Bank6.35%6.75% – 6.85%6.75%6.25%-6.75%6.25%
State Bank of India6.35%-6.4%6.70%6.75%6.80%6.85%
Syndicate Bank6.35%6.7%-6.8%6.6%- 6.75%6.60%6.50%
UCO Bank6% – 6.35%6.7%- 6.75%6.75%6.75%6.75%
Union Bank of India6.5%-6.75%6.7%-6.75%6.70%6.7%- 6.85%6.85%
United Bank of India5.00% – 6.00%6%-6.25%6.00%6.00%6.00%
Vijaya Bank6.35% – 6.6%6.80%6.80%6.80%6.80%
Private Sector Banks
Axis Bank Ltd.6.75%-7%7.25%- 7.30%7.25%7.25%7.00%
Bandhan Bank Ltd.6.80%7.25%- 7.55%7.40%7.40%6.40%
Catholic Syrian Bank Ltd.6.50%6.75% – 7%6.75%6.50%6.50%
City Union Bank Ltd.6.75%- 7%7.35%7.35%7.35%6.7%- 7.35%
DCB Bank Ltd.7.00%7%- 8.05%7.5%- 7.6%7.75%- 8.05%7.25%- 7.75%
Dhanlaxmi Bank Ltd.6.50%7.00%6.5%- 7%6.50%6.50%
Federal Bank Ltd.6.50%6.85%-7.5%7.00%7.00%7.00%
HDFC Bank Ltd6.25%- 7%7.25%7.1%- 7.25%7.10%6%-7.1%
ICICI Bank Ltd.6% – 6.75%6.75%- 7%7%- 7.25%7.25%7%- 7.25%
IndusInd Bank Ltd6.5% – 7%7.4% – 7.65%7.25%7.00%6.75%-7%
IDFC Bank Ltd.6.75%-7%7%-7.5%7.5%-8%8%- 8.25%8.25%
Jammu & Kashmir Bank Ltd.6.25%- 6.5%7.00%7.00%6.25%6.25%
Karnataka Bank Ltd.6.50%7.40%6.90%6.90%6.5% – 6.9%
Karur Vysya Bank Ltd.6.75%- 6.9%7.00%7.00%7.00%7.00%
Kotak Mahindra Bank Ltd7%- 7.1%7.25%-7.3%7.25%7%- 7.1%6.50%
Lakshmi Vilas Bank Ltd.6.5%-7.3%7.6%- 8%7.60%7.75%7.75%
Nainital bank Ltd.6.25%- 6.45%6.8%- 7.1%6.4%- 6.8%6.30%6.30%
RBL Bank Ltd.7.15%- 7.35%8.00%8.05%7.60%7.2%- 7.6%
South Indian Bank Ltd.6.90%6.9%- 7.6%7.10%7%- 7.1%6.5%- 7%
Tamilnad Mercantile Bank Ltd.6.75%- 7%7%- 7.4%7.00%6.9%- 7.65%6.90%
YES Bank Ltd.7%- 7.1%7.25%-7.85%7.25%7.25%-7.5%7.25%
NBFCs*
Mahindra FinanceNA8.10%- 8.35%8.5%- 9%8.80%- 9%8.80%
Shriram Transport FinanceNA7.95%8.19%8.65%8.88%
Bajaj FinanceNA8%- 8.05%8.15%8.75%8.75%
PNB HFLNA8.30%8.30%8.40%8.45%
LIC HFLNA8.15%8.20%8.25%8.30%
DHFLNA8.15%- 8.3%8.40%8.7%- 8.75%8.70%
Note: Data taken from respective bank’s website as on 8 Nov 2018
* Max loan tenure considered up to 5 years

The post Bank FD – Fixed Deposits with Highest Interest Rates in India appeared first on SimplyRupee.

]]> https://www.simplyrupee.com/banking/bank-fd-fixed-deposits-with-highest-interest-rates-in-india/feed 0