Banking News

Deposit rates of major banks in India

Deposit rates of major banks in India


(Compare the Interest Rates Offered on deposits by all the public sector banks and major private sector bank in India at a quick glance.)

The names of public sector banks and private sector banks are separately listed below in an alphabetic order. The table at the right side of the banks’ name shows the interest rate for domestic deposits of below one crore offered by the respective bank for the period of 1 year, 2 years, 3 years 5 years and above 5 years which are updated at regular interval.

For current rate of interest offered by the banks on all types of deposits including Domestic Fixed deposits,  SB A/cs, NRE/NRO/FCNR deposits etc.;

CLICK  the Bank’s name that navigates you to concerned bank’s official websites showing the present rate of interest,  offered by them on all types of deposits including Domestic Fixed deposits,  SB A/cs, NRE/NRO/FCNR deposits.

Deposit rates of Public Sector Banks -at a glance

Bank names 1 Year 2 Years 3 Years 5 Years 5+ Years Interest rate displayed by banks at their official websites  as on 04.04.2017
Allahabad Bank 6.60 6.50 6.50 6.50 6.50 1 year to below 2 yrs @6.60%,2 years and above @6.50%
Andhra Bank 6.75 6.50 6.50 6.25 6.25 Above 1 year up to 3 years 6.50%,above 3 years 6.25%
Bank of Baroda 7.00 6.85 6.70 6.70 6.70 1 yr < 2 yr 7.00 %,  above 2 yrs  up to 3 yr 6.85%, above 3 yrs 6.70%
Bank of India 6.70 6.65 6.60 6.50 6.50 1  year< 2 years 6.70, 2 years<3 years 6.65, 3years<5 years 6.60, 5 years  and above 6.50
Bank of Maharashtra 6.50 6.25 6.00 6.00 6.00 1 year 6.50,> 1 year <3 years 6.25, 3years and above 6.00
Canara Bank 6.75 6.40 6.30 6.00 6.00 1 year 6.75,> above 1 year < 2 years 6.40, above 2 years < 5 years 6.30, 5 years and above 6.00
Central Bank 6.70 6.50 6.50 6.50 6.50 1  year< 2 years 6.70, 2 years  and above 6.50
Corporation Bank 6.60 6.60 6.50 6.50 6.50 1  year< 3 years 6.60, 3 years  and above 6.50
Dena Bank 6.75 6.75 6.75 6.80 6.80  1 year <5 years 6.75, 5 years and above 6.80
IDBI Bank 6.75 6.50 6.25 6.00 6.00 1 year 6.75,>1 year to 2 years 6.50, > 2years < 5 years 6.25, 5 years and above 6.00
Indian Overseas Bank 6.75 6.25 6.25 6.00 6.00 1 yr 6.75%, >1 yr <2 yrs 6.50, 2  to 3 yrs 6.25%, above 3yrs 6.00%
Indian Bank 6.50 6.25 6.00 6.00 6.00 1 year 6.50%,>1 year to < 3 years 6.25%, 3 years and above 6.00%
Oriental bank of commerce 7.30 7.25 7.25 7.25 7.25 1 year < 2 years 7.30% , 2 years and above 7.25%
Punjab National Bank 7.00 6.90 6.90 6.90 6.70 1 yr 7.00%, above 1 yr up to 5 yrs 6.90 %,  & above 5 yrs 6.70%
Punjab & Sind Bank 6.80 6.80 6.80 6.80 6.80
Syndicate Bank 6.50 6.50 6.60 6.60 6.50 1 to 2 years 6.50%, > 2years to 5 years 6.60%, above 5 years 6.50%
UCO Bank 7.00 6.90 6.90 6.75 6.75  1 yr 7.00%, above 1 yr  up to 3 yrs 6.90%,& above  3 yrs 6.75%
Union Bank 6.75 6.50 6.50 6.50 6.50 1 year upto 14 months 6.75, above 14 months 6.50
United Bank 6.25 6.00 6.00 6.00 6.00 1 year 6.25  above 1 year 6.00
Vijaya Bank 6.50 6.50 6.50 6.50 6.25 1 year to 5 years 6.50  above 5 years 6.25
State Bank of India  6.90  6.25  6.25  6.25  6.25 1 year to 455 days 6.90   456 days < 2 years 6.75,  2 years and above 6.25

Deposit rates of major private sector banks -at a glance

Bank names 1 Year 2 Years 3 Years 5 Years 5+ Years  As appeared on official website of the concerned bank as on 12.01.2017
Axis Bank 6.75 6.25 6.25 6.25 6.25   1 year < 18 months 6.75,  18 months and above 6.25
DCB Bank 6.95 7.15 7.20 7.20 7.15 1 year < 18 months 6.95%,  18 months and less than 2 years 7.05 %, 2 years < 3 years 7.15%, 3 years to 5 years 7.20%, above 5 years 7.15%
Federal Bank 6.70 6.60 6.50 6.50 6.50   1 year 6.70%,1 to 2 years 6.60%, above 2 years up to 1110 days 6.50%,1111 days 7.00%, 1112 days and above  6.50%
HDFC Bank 6.80 6.25 6.00 6.00 6.00  1 year 6.80,1 year 17 days to 2  years 6.25,above 2 years 6.00
ICICI Bank 6.50 6.50 6.50 6.50 6.50
J&K Bank 6.75 6.75 6.50 6.50 6.50  1 year < 3 years 6.75%, 3 years and above 6.50%
Karnataka Bank 6.65 6.65 6.50 6.50 6.50 1 to 2 year 6.65, Above 2 years @6.50%
Karur Vysya Bank 6.75 7.00 7.00 7.00 7.00  1 year<2 years 6.75%, above 2 years 7%
Kotak Mahindra Bank 6.75 6.50 6.25 6.00 6.00  1 year 6.75%, 2years <3 years 6.50%, 3 years < 5 years 6.25%   5years and above 6.00%
RBL Bank 7.40 7.50 7.35 7.35 7.35 1 year < 2 years 7.40%, 2 years < 3 years 7.50%, 3 years and above 7.35%
South Indian Bank 6.75 6.75 6.50 6.50 6.50  1 year to 2 years 6.75%, above 2 years 6.50%
Yes Bank 7.10 7.10 7.10 7.10 7.10
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Disclaimer: Public Sector Banks are the banks where Government of India has the majority capital stake and in Private Sector Banks, the private promoters and the general public are the shareholders. This website neither recommends the readers to put their deposit in any specific bank nor take any responsibility, in the events of a bank fails or goes into liquidation or reconstructed or amalgamated or merged with another bank.

As interest rates are subject to change without prior notice, the depositor shall ascertain from the concerned bank, the rates on the value date of FD. Readers/bankers/financial institutions may inform us about updates, corrections or any inclusions to be made in this post. Banks at their discretion offer additional interest to the resident senior citizens (of age 60 years and above), over and above the rate of interest admissible to general public. (Example: plus 0.25% p.a., 0.40% p.a., plus 0.50% p.a., maximum up to plus 1.00%). At present, most of the banks offer 0.50% additional interest to Senior Citizen over and above the rate of interest admissible to general public. Senior Citizens are therefore required to check the additional interest offered to them by the concerned bank before depositing their money.

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