FD Rates: In India, the interest rates on fixed deposits (FD) are different for each bank. These different rates depend on the deposit amount, period and age of the depositor. Private sector banks are usually offering higher interest rates for shorter periods.
FD Rates: In India, the interest rates on fixed deposits (FD) are different for each bank. These different rates depend on the deposit amount, period and age of the depositor. Private sector banks are usually offering higher interest rates for shorter periods. Here we are telling you about such FD schemes, which are offering higher interest in a shorter period.
1. Bank of Baroda
Maximum rate: 7.30% (for 400 days, Bob Utsav)
1 year: 6.85%, 3 years: 7.15%, 5 years: 6.80%
2. Bank of India
Maximum rate: 7.30% (for 400 days)
1 year: 6.80%, 3 years: 6.50%, 5 years: 6%
3. Bank of Maharashtra
Maximum rate: 7.45% (for 366 days)
1 year: 6.75%, 3 years: 6.50%, 5 years: 6.50%
4. Canara Bank
Maximum rate: 7.40% (for less than 3 years to 5 years)
1 year: 6.85%, 3 years: 7.40%, 5 years: 6.70%
5. Central Bank of India
Maximum rate: 7.50% (for 1111 and 3333 days)
1 year: 6.85%, 3 years: 7%, 5 years: 6.75%
6. Indian Bank
Maximum rate: 7.30% (for 400 days, IND SUPER)
1 year: 6.10%, 3 years: 6.25%, 5 years: 6.25%
7. Indian Overseas Bank
Maximum rate: 7.30% (for 444 days)
1 year: 7.10%, 3 years: 6.50%, 5 years: 6.50%
8. Punjab National Bank
Maximum rate: 7.25% (for 400 days)
1 year: 6.80%, 3 years: 7%, 5 years: 6.50%
9. Punjab & Sind Bank
Maximum rate: 7.45% (for 555 days)
1 year: 6.30%, 3 years: 6%, 5 years: 6%
10. State Bank of India (SBI)
Maximum rate: 7.25% (for 444 days, Amrit Vrishti)
1 year: 6.80%, 3 years: 6.75%, 5 years: 6.50%
11. Union Bank of India
Maximum rate: 7.30% (for 456 days)
1 year: 6.80%, 3 years: 6.70%, 5 years: 6.50%
Interest rates of private banks
Among private banks, DCB Bank is offering the highest interest rate of 8.05%. This is applicable on FDs of 19-20 months. RBL Bank is offering 8% interest for 500 days and IndusInd Bank is offering 7.99% interest on FDs of 1 year 5 months to 1 year 6 months.
HDFC Bank: 7.40% for 55 months.
ICICI Bank: 7.25% for 15 months to 2 years.
YES Bank: 7.75% for 18-24 months.
Public Sector Banks
Among the public sector banks, Central Bank of India is offering the highest interest of 7.50% for FDs of 1111 and 3333 days.
- Punjab & Sind Bank: 7.45% for 555 days.
- Bank of Maharashtra: 7.45% for 366 days.
- State Bank of India (SBI): 7.25% for 444 days.
