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 23.04.2018
Allahabad Bank 6.60 6.50 6.50 6.50 6.50 1 year to less than 2 years 6.60%
Andhra Bank 6.50 6.60 6.60 6.25 6.25 Above 2 years @ 6.25%
Bank of Baroda 6.60 6.50 6.50 6.70 6.60  above one year up to 400 days 6.70%, above 3 years up to 5 years 6.70%
Bank of India 6.50 6.50 6.30 6.25 6.25 1  year< 3 years 6.60%,  3years<5 years 6.30%, 5 years  and above 6.25%
Bank of Maharashtra 6.50 6.25 6.25 6.00 6.00 1 year 6.50%, above 1year  up to 3 years 6.25%,  above 3 years 6.00%
Canara Bank 6.50 6.20 6.20 6.00 6.00 1 year 6.50, above 1 year less than 5 years 6.20, 5 years and above 6.00
Central Bank 6.60 6.50 6.50 6.50 6.50 1  year< 2 years 6.60, 2 years  and above 6.50
Corporation Bank 6.50    6.50    6.50  6.50  6.50 For 555 days 6.60%, For 666 days 6.80%
Dena Bank 6.60 6.25 6.25 6.30 6.30 1 year to <2 years 6.60, 2 to less than 5 years 6.25,         5 years and above 6.30
IDBI Bank 6.75 6.50 6.50 6.75 6.00 1 year 6.75%, above 1yr to  less than 5 years 6.50 %,         5 years 6.75, and above  5 years 6.00%
Indian Overseas Bank 6.60 6.75 6.80 6.80 6.80 1 year to < 2 years 6.60%, 2 years to < 3 yrs 6.75%, above 3 years  6.80%
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 6.60 6.75 6.25 6.25 6.25 1 yr 6.60%, above 1 yr less than 3 yrs 6.75 %,  & 3 yrs and above 6.25%
Punjab & Sind Bank 6.75 6.75 6.55 6.55 6.55  1 yr to 2yrs   6.75%, above 2yrs<3 yrs 6.60%
3 years and above 6.55
Syndicate Bank 6.50 6.50 6.60 6.50 6.50 1 to 2 years 6.50%, above  2years to less than 5 years 6.60%, 5 years and above 6.50%
UCO Bank 6.50 6.50 6.40 6.40 6.40 1 yr to 2 years  6.50%, Above 2 yrs 6.40%
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 6.10 6.00 6.00 6.00 6.00 1 year 6.10  above 1 year 6.00
Vijaya Bank 6.75 6.60 6.50 6.50 6.25 1 year 6.75, above 1 year to 2 years 6.60%,above 2years to 5 years 6.50%,  above 5 years 6.25
State Bank of India  6.75  6.50  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 11.01.2018
Axis Bank 6.75 6.90 6.90 6.90 6.90 1 yr 6.75%, 2 yrs and above 6.90%
DCB Bank 7.00 7.25 7.25 7.25 7.20 1 yr< 15 m 7%, 15m <2 yrs 7.15%, 2yrs to 5 yrs 7.25%,above 5 yrs 7.20%
Federal Bank 6.70 6.75 6.50 6.50 6.50   1 yr 6.70%, 2 yrs 6.75% ,and above 2 years 6.50%
HDFC Bank 6.85 7.00 7.00 7.00 6.00  1 yr 6.85%, 2 yrs to 5 years 7.00% and above 5 years 6.00%
ICICI Bank 6.60 6.75 6.50 6.50 6.50 1 yr 6.60%, 2 yrs 6.75%, and  above 2 years 6.50%
J&K Bank 7.00 6.50 6.25 6.25 6.25 1<2 yrs 7.00%, 2yrs <3 yrs 6.50, 3 yrs and above 6.25%
Karnataka Bank 7.10 7.10 6.50 6.50 6.50 1 to 2 year 7.10%, 450 days 7.25%, Above 2 years @6.50%
Karur Vysya Bank 6.75 7.00 7.00 7.00 7.00 1<2 yrs 6.75, 2 years and above 7.00
Kotak Mahindra Bank 6.80 6.70 6.50 6.25 6.25 1 yr 6.80%, 2 yrs < 3 years 6.70%, 3 years < 5 Yeras 6.50%, 5 years & above 6.25%
RBL Bank 7.25 7.25 7.15 7.15 7.15  1yr < 3 years 7.25%,  above 3 years & Less than 10 years  7.15%
South Indian Bank 6.75 6.75 6.50 6.50 6.50 1 yr  to  2 yrs 6.75%, 600 days 7.10%, above 2years 6.50%
Yes Bank 7.00 7.00 7.00 7.00 7.00  1 yr to 10 years 7.00%
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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.

(4) Comments

  1. Prasanna Kumar Mula

    Please prefer Lakshmi Vilas Bank Interest rates in this site also. They are giving High Rate Of Interest on Savings and Term Deposits..

  2. S.Balasubramanian

    I am SEP 1998 VRS pensioner of Canara Bank with BP Rs.7069/. What will be my pension for Feb 2018. (2) What is the position of Bank Pensioner after recent Supreme court's judgement? Thanks, Regards. SBM

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