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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 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.

CLICK  the Bank’s name which navigates you to concerned bank’s official websites showing the rate of interest on latest date,  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 11.01.2017
Allahabad Bank 7.00 6.75 6.50 6.50 6.50 1 year to below 2 yrs @7.00%,2 year to below 3 years 6.75%, above 3 years @6.50%
Andhra Bank 7.00 7.00 6.50 6.50 6.50 1 to 2 yrs 7.00%, above 2 yrs 6.50%
Bank of Baroda 7.00 7.00 6.85 6.50 6.50 1 yr to 2 yr 7.00 %,  above 2 yrs  up to 3 yr 6.85%, above 3 yrs 6.50%
Bank of India 7.00 7.00 6.90 6.90 6.90 1 yr & less than 3 yr 7.00%, 3 yrs & above 6.90%
Bank of Maharashtra 6.75 6.75 6.80 6.50 6.50 1 yr & less than 3 yr 6.75%, 3 yrs 6.80 & above  3 years 6.50%
Canara Bank 6.90 6.90 6.90 6.90 6.90  1 year and above 6.90%
Central Bank 7.15 7.00 7.00 7.00 7.00 1 yr less than 2 yrs 7.15%,2yrsand above 7.00
Corporation Bank 7.00 7.00 6.90 6.90 6.90 1 yr less than 3 yrs 7.00%, 3 years & above 6.90%
Dena Bank 7.00 7.25 7.25 7.00 7.00  1 yr less than 2 yrs 7.00%, 2 years & less than 5 years 7.25%, 5 yrs & above 7%
IDBI Bank 6.90 6.90 6.90 6.90 6.75 1 yr to 5 yrs 6.90, above  5 yrs 6.75%
Indian Overseas Bank 6.75 6.25 6.25 6.00 6.00 1 yr 6.75%, 2 yrs to 3 yrs 6.25%, above 3yrs 6.00%
Indian Bank 6.50 6.25 6.00 6.00 6.00  1 yr 6.50%, above 1 yr to less than 3 yrs 6.25%, 3 yrs & above 6.00%
Oriental bank of commerce 7.30 7.25 7.25 7.25 7.25 1 yr to less than 2 yrs 7.30 %, 2 yrs & 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 7.10 7.10 7.00 7.00 7.00 1 yr up to 2 yrs 7.10 %,  & above 2 yrs 7.00%
Syndicate Bank 6.80 6.50 6.50 6.00 6.00 1 yr 6.80%, above 1 yr less than 5 yrs 6.50%, 5years & above 6.00%
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 7.25 7.25 7.25 7.25 7.25 1 year & above 7.25%
United Bank 6.75 6.75 6.50 6.50 6.50  1 yr to less than 3 years 6.75%, 3 years &above 6.50%
Vijaya Bank 6.50 6.50 6.50 6.50 6.25 1 yr up to 5 years 6.50%,& above 5 years 6.25%
State Bank of India  4.25  4.25  4.25  4.25  4.25  1 yr to 10 years 4.25%
State Bank of Hyderabad 7.00 6.85 .6.50 6.50 6.50  1 yr 7.00%, 2 yrs &less than 3 years 6.85%, 3 years & above 6.50%
State Bank of Mysore 7.00 6.85 6.50 6.50 6.50  1 yr 7.00%, 2 yrs &less than 3 years 6.85%, 3 years & above 6.50%
State Bank of Travancore  6.90  6.85  6.50  6.50  6.50  1yr to 455 days 6.90, 456 days to < 2 yrs 6.95%, 2 yrs<3 yrs 6.85%, 3yrs to 10 yrs 6.50%
State Bank of Bikaner & Jaipur 6.95 6.85 6.50 6.50 6.50 1 yr 6.95%, 2 yrs &less than 3 years 6.85%, 3 years & above 6.50%
State Bank of Patiala 6.95 6.85 6.50 6.50 6.50 1 yr 6.95%, 2 yrs &less than 3 years 6.85%, 3 years & above 6.50%

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 7.00 6.75 6.75 6.75 6.75
DCB Bank 7.00 7.20 7.25 7.25 7.20
Federal Bank 6.90 7.00 7.00 7.00 7.00
HDFC Bank 6.90 6.25 6.00 6.00 6.00 1 year 6.90%, above 1 yr to 2 yrs 6.25%
ICICI Bank 6.90 7.00 6.75 6.75 6.50  1 year 6.90, 2 yrs 7.00, above 2 years to 5 years 6.75%
J&K Bank 7.00 7.00 6.90 6.90 6.80  1 year to less than 3 yrs 7.00, 3 years to 5 years 6.90
Karnataka Bank 7.40 7.40 7.15 7.15 7.15 Above 2 years @7.15%
Karur Vysya Bank 7.00 7.00 7.00 7.00 7.00
Kotak Mahindra Bank 6.75 6.25 6.25 6.25 6.25  above 1 year < 2 years 6.50%,
RBL Bank 7.75 7.85 7.70 7.70 7.70  1 year< 2years 7.75%, 2years<3 years 7.85%
South Indian Bank 7.00 7.00 7.00 7.00 7.00
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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