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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 11.01.2018
Allahabad Bank 6.50 6.50 6.50 6.50 6.50 1 year to10 years @6.50%
Andhra Bank 6.50 6.50 6.25 6.25 6.25 Above 2 years @ 6.25%
Bank of Baroda 6.45 6.50 6.50 6.50 6.25 above 400 days to 5 years,above 5 years 6.25
Bank of India 6.60 6.50 6.30 6.25 6.25 1  year< 2 years 6.60, 2 years<3 years 6.50, 3years<5 years 6.30, 5 years  and above 6.25
Bank of Maharashtra 6.50 6.25 6.00 6.00 6.00 1 year 6.50, 1year to 3 years 6.25,  3 years and above 6.00
Canara Bank 6.50 6.30 6.20 6.00 6.00 1 year 6.50, above 1 year < 2 years 6.30, above 2 years < 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     –    –   –  – 1 year to  443 days 6.50, 444 days 6.60  445 days to 554 days 6.50
Dena Bank 6.50 6.25 6.25 6.30 6.30 1 year to <2 years 6.50, 2 to <5 years 6.25, 5 years and above 6.30
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 year to 15 months 6.75, above 15 mths < 2 years 6.50, 2 years to 3 yrs 6.25, above 3 to <5 years 6.00, 5 years and  above 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 6.60 6.50 6.50 6.25 6.25 1 yr 6.60%, above 1 yr up to 3 yrs 6.50 %,  & above 3 yrs 6.25%
Punjab & Sind Bank 6.50 6.50 6.50 6.50 6.50
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 6.50 6.50 6.40 6.25 6.25  1 yr to 2 yrs 6.50%, above 2 yrs  up to 3 yrs 6.40%,& above  5 yrs 6.25%
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 6.50 6.60 6.50 6.50 6.25 1 year 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 6.25 6.25 6.25 6.25   1 yr 6.75 2 yrs and above 6.25
DCB Bank 6.85 7.00 7.25 7.10 7.00 1 year < 18 months 6.85%,  18 months and less than 3 years 7.00 %,  3 years 7.25%, above 3 years to 5 years 7.10%, above 5 years 7.00%
Federal Bank 6.70 6.75 6.50 6.50 6.50   1 year 6.70,  >1 yr < 2yrs 6.75, above 2 yr 6.50
HDFC Bank 6.25 6.00 6.00 6.00 6.00
ICICI Bank 6.60 6.75 6.50 6.50 6.50  1 year to 389 days 6.60, 390 days to 2 yrs 6.75, above 2 yr 6.50
J&K Bank 6.75 6.50 6.25 6.25 6.25 1<2 yrs 6.75, 2<3 yrs 6.50, 3 yrs and above 6.25
Karnataka Bank 6.90 6.90 6.50 6.50 6.50 1 to 2 year 6.90, 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 6.50 6.50 1 yr  6.80,  2 yrs to < 3 yrs 6.70,3 years and above 6.50
RBL Bank 7.10 7.20 7.00 7.00 7.00 1 year < 2 years 7.10%, 2 years < 3 years 7.20%, 3 years and above 7.0%
South Indian Bank 6.75 6.75 6.50 6.50 6.50 1 yr to 599 days 6.75,600 days 7.10,601 to 2 yrs 6.75,>2yrs 6.50
Yes Bank 6.60 6.75 6.75 6.75 6.75  1 yr  < 18 months 6.60, above 18 months 6.75
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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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