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Compare Deposit rates of 39 major banks in India

Compare Deposit rates of 39 major banks in India


(Compare the Interest Rates Offered by various Banks in India on domestic /NRE/NRO/FCNR deposits).

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.

Click  the names of the  banks (for their official websites) listed below for SB A/c, NRE/NRO/FCNR deposits and  domestic deposits of all values. The rates indicated below are  the percent of interest per annum.

Public Sector Banks

(The interest  rates updated on 07.11.2016)

CLICK ON THE NAME OF THE BANK TO GET THE LATEST RATE FROM THEIR OFFICIAL WEBSITES

Bank names 1 Year 2 Years 3 Years 5 Years 5+ Years Comments
Allahabad Bank 7.25 7.25 7.10 7.00 7.00 Below 3 years 7.10,Above 3 years @7.00%
Andhra Bank 7.15 7.15 7.15 6.75 6.50 Up to 3 years 7.15%,  Above 3 years to 5 years 6.75%, Above 5 years @6.50%
Bank of Baroda 7.30 7.30 7.00 7.00 7.00  Above 2 years < 3 years 7.25%
Bank of India 7.30 7.30 7.30 7.25 7.25  Less than 5 years 7.30% above 5 years 7.25%
Bank of Maharashtra 7.30 7.30 7.25 7.25 7.25  above 3 years 7.25%
Canara Bank 7.15 7.40 7.40 7.00 7.00  < 2yrs 7.50%, 2 years < 5 years 7.40, 5 years and above 7.00%
Central Bank 7.50 7.50 7.25 7.25 7.25 3 years and above @7.25
Corporation Bank 7.30 7.30 7.15 7.15 7.15 3 years and above @7.15%
Dena Bank 7.25 7.25 7.25 7.00 7.00  above 3 years < 5 years 7.25%, 5 years and above  7.00%
IDBI Bank 7.30 7.25 7.25 7.25 7.25 Above one year less than 2 year 7.30%
Indian Overseas Bank 7.25 7.00 7.00 7.00 7.00 1 yr <2 yr 7.25%,  2 years and above @7.00
Indian Bank 7.10 7.00 7.00 7.00 7.00  above 1 year 7.00%
Oriental bank of commerce 7.30 7.25 7.25 7.25 7.25  above 1 year less than 2 years 7.30, 2 years and above 7.25%
Punjab National Bank 7.20 7.05 7.05 7.05 6.80 above 1 year up to 5 year @7.05, above 5 year 6.80%
Punjab & Sind Bank 7.305 7.30 7.25 7.25 7.25 Below 3 years 7.30%,3 years and above @7.25
Syndicate Bank 7.50 7.25 7.00 7.00 6.75 2-5 yrs@ 7.00 and 5-10 yrs @ 6.75
UCO Bank 7.25 7.25 7.25 7.25 7.25
Union Bank 7.30 7.35 7.35 7.40 7.25  above 1 year to 3 year 7.35%,above 3 years to 5 years 7.40%, above 5 years 7.25%
United Bank 7.0 6.75 6.50 6.50 6.50
Vijaya Bank 7.50 7.25 7.25 7.25 7.00 more than 1 year 7.25and above 5 years  @7.00%
State Bank of India 7.25 7.00 6.50 6.50 6.50 2 yrs <3 yrs  @7.00%, 3years & above 6.50%
State Bank of Hyderabad 7.05 7.00 .6.50 6.50 6.50 >1 yr to less than 3 years 7.00%
State Bank of Mysore 7.55 7.25 6.50 6.50 6.50 2 yr to less than 3 yr 7.25% , 3 years and above @6.50
State Bank of Travancore 7.15 7.25 7.00 7.00 7.00 2 < 3 yrs 7.25%, 3 yrs and above @7.00
State Bank of Bikaner & Jaipur 7.25 7.25 6.50 6.50 6.50 2 < 3 yrs 7.25%, 3 yrs and above @6.50%
State Bank of Patiala 7.15 7.15 7.00 7.00 7.00 3 yrs and above @7.00

Private Banks

Bank names 1 Year 2 Years 3 Years 5 Years 5+ Years Comments
Axis Bank 7.25 7.25 7.25 7.25 7.25
DCB Bank 7.25 7.65 7.70 7.70 7.70
Federal Bank 7.30 7.30 7.50 7.25 7.25  Above 3 years 7.25%
HDFC Bank 7.00 7.00 7.00 7.00 6.75 1 to 5 yrs 7.00%, Above 5 years 6.75%
ICICI Bank 7.25 7.25 7.25 7.25 7.25
J&K Bank 7.50 7.50 7.50 7.25 7.25
Karnataka Bank 7.40 7.40 7.15 7.15 7.15 Above 2 years @7.15%
Karur Vysya Bank 7.35 7.35 7.35 7.35 7.35 Above 1 yr @7.35
Kotak Mahindra Bank 7.25 7.25 7.00 7.00 7.00  1 year to less than 3 year 7.25%
RBL Bank 8.00 8.25 8.00 8.00 8.00  2 year to less than 3 year 8.25%
South Indian Bank 7.35 7.45 7.30 7.25 7.25 > 1 yr < 3 yr 7.45% Above 3 years 7.25%
Yes Bank 7.25 7.25 7.25 7.25 7.25

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.   Readers may note that the interest rates on domestic deposits of below one crore of various banks applicable to general public  indicated below are for reference purpose only.    Thus, the depositors are required to contact the respective bank to check the rates of interest offered by them on the date of deposits. Readers/bankers/financial institutions may inform us to 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 concerned bank before depositing their money.

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