Check Best FD Interest Rates from all banks of India. Compare Rates for ✓ 1 Year ✓ 2 Years ✓ 5 Years period. SBI ✓ HDFC ✓ Uco ✓ PNB ✓ Ratnakar ✓ Laxmi vilas ✓ Karnataka ✓ Bank of Baroda banks interest rates on Fixed deposits.
Fixed Deposit
A Fixed Deposit is a kind of investment made by the investor with a bank for a period of time offered by the bank itself. It has a higher rate of interest than any traditional saving account until the given maturity date.
Norms of Fixed Deposit:
- Withdrawal of money before the maturity period of the deposit is not allowed.
- There are some banks that may offer loan against the fixed deposit certificate at competitive interest rates.
- The interest rates may range from around 3.50% to 8.00%.
- Tenure for a fixed deposit fluctuate from 7, 15, or 45 days to 1.5 year and could be as high as 10 years.
Benefits of Fixed Deposit:
- A profit of 80% to 90% value of the deposit is guaranteed for loans against Fixed Deposits for the customers.
- A minimum of 3 months is granted to the residents of India for opening these accounts.
Fixed Deposits Interest Rates July 2023
| Banks | 1 Years | 2 Years | 3 Years | 4 Years | 5+ Years |
| Axis Bank | 6.75% | 7.26% | 7.00% | 7.00% | 7.00% |
| Bank of Baroda | 6.75% | 6.75% | 6.25% | 6.25% | 6.25% |
| Bank of India | 6.00% | 6.75% | 6.50% | 6.50% | 6.50% |
| Bank of Maharashtra | 6.15% | 6.00% | 6.00% | 5.75% | 5.75% |
| Canara Bank | 6.75% | 7.00% | 6.80% | 6.50% | 6.50% |
| Catholic Syrian Bank | 5.00% | 5.75% | 5.75% | 5.75% | 6.00% |
| Central Bank of India | 6.75% | 6.50% | 6.50% | 6.00% | 6.00% |
| City Union Bank | 6.75% | 7.25% | 7.25% | 6.90% | 6.90% |
| DCB Bank | 7.25% | 7.50% | 7.85% | 7.60% | 7.60% |
| Dhanalakshmi Bank | 6.25% | 6.00% | 6.10% | 6.25% | 6.10% |
| Federal Bank | 6.75% | 6.75% | 6.50% | 6.50% | 6.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% | 7.00% | 7.00% |
| ICICI Bank | 6.70% | 7.10% | 7.00% | 7.00% | 6.90% |
| IDBI Bank | 6.75% | 6.50% | 6.25% | 6.25% | 6.25% |
| Indian Bank | 6.10% | 6.50% | 6.40% | 6.40% | 6.40% |
| Indian Overseas Bank | 6.40% | 6.40% | 6.40% | 6.40% | 6.40% |
| IndusInd Bank | 7.00% | 7.50% | 7.50% | 7.25% | 7.00% |
| J&K Bank | 6.75% | 7.05% | 6.75% | 6.50% | 6.50% |
| Karnataka Bank | 5.25% | 6.80% | 5.75% | 5.75% | 5.80% |
| Kotak Mahindra Bank | 6.75% | 6.75% | 6.50% | 6.25% | 6.20% |
| Punjab and Sind Bank | 6.25% | 6.25% | 6.40% | 6.25% | 6.25% |
| Punjab National Bank | 6.75% | 6.75% | 6.75% | 6.50% | 6.50% |
| South Indian Bank | 6.60% | 6.50% | 6.50% | 6.50% | 6.00% |
| State Bank of India | 6.75% | 6.75% | 6.25% | 6.25% | 6.25% |
| Tamilnad Mercantile Bank Ltd | 7.25% | 7.00% | 6.75% | 6.50% | 6.50% |
| The Ratnakar Bank | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
| UCO Bank | 6.75% | 6.50% | 6.30% | 6.20% | 6.10% |
| Union Bank of India | 6.30% | 7.25% | 7.30% | 6.70% | 6.70% |
| Yes Bank | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
| Post Office 5 Year RD | 6.60% | 6.80% | 6.90% | 6.90% | 7.00% |
| Bandhan Bank | 7.25% | 7.25% | 7.25% | 7.25% | 5.85% |
| IDFC Bank | 7.25% | 7.50% | 7.50% | 7.00% | 7.00% |
Get Details on – Fixed Deposit Calculator
