In India, fixed deposit (FD) interest rates vary across banks. These rates depend on factors like the deposit amount, duration, and the depositor’s age.
Private sector banks often provide higher interest rates for shorter tenures.
Here, we share details about FD schemes that offer attractive interest rates over short periods.
Fixed Deposit (FD) Rates for Top Banks in India
1. Bank of Baroda
Maximum Rate: 7.30% (400 days, Bob Utsav)
1 Year: 6.85%
3 Years: 7.15%
5 Years: 6.80%
2. Bank of India
Maximum Rate: 7.30% (400 days)
1 Year: 6.80%
3 Years: 6.50%
5 Years: 6.00%
3. Bank of Maharashtra
Maximum Rate: 7.45% (366 days)
1 Year: 6.75%
3 Years: 6.50%
5 Years: 6.50%
4. Canara Bank
Maximum Rate: 7.40% (less than 3 to 5 years)
1 Year: 6.85%
3 Years: 7.40%
5 Years: 6.70%
5. Central Bank of India
Maximum Rate: 7.50% (1111 and 3333 days)
1 Year: 6.85%
3 Years: 7.00%
5 Years: 6.75%
6. Indian Bank
Maximum Rate: 7.30% (400 days, IND SUPER)
1 Year: 6.10%
3 Years: 6.25%
5 Years: 6.25%
7. Indian Overseas Bank
Maximum Rate: 7.30% (444 days)
1 Year: 7.10%
3 Years: 6.50%
5 Years: 6.50%
8. Punjab National Bank (PNB)
Maximum Rate: 7.25% (400 days)
1 Year: 6.80%
3 Years: 7.00%
5 Years: 6.50%
9. Punjab & Sind Bank
Maximum Rate: 7.45% (555 days)
1 Year: 6.30%
3 Years: 6.00%
5 Years: 6.00%
10. State Bank of India (SBI)
Maximum Rate: 7.25% (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% (456 days)
1 Year: 6.80%
3 Years: 6.70%
5 Years: 6.50%
Interest Rates of Private Banks
DCB Bank offers the highest FD interest rate of 8.05% for a tenure of 19-20 months.
RBL Bank provides 8% interest on FDs with a tenure of 500 days, while IndusInd Bank offers 7.99% interest for FDs ranging from 1 year 5 months to 1 year 6 months.
HDFC Bank: 7.40% for 55 months.
ICICI Bank: 7.25% for periods ranging from 15 months to 2 years.
YES Bank: 7.75% for 18 to 24 months.
Public Sector Banks
Among public sector banks, the Central Bank of India offers the highest interest rate of 7.50% on fixed deposits for 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.
