Cash lying idle in your bank account?
Invest as low as Rs. 1,000 in Mutual Funds and enjoy higher returns.
  • loading

    Fixed deposit Rates

    Fixed Deposit (FDs) or Term Deposit is the prime investment products offered by banks & Non-Banking Financial Companies. It allows you to park surplus funds within a financial institution for a fixed tenure & interest income. Click More For Latest FD Rates.

    Fixed Deposit Interest Rates by Top Banks in India

    Banks FD Rate of Interest Tenure

    Axis Bank Fixed Deposit

    3.50% to 7.60%

    7 days to 10 years

    HDFC Fixed Deposit

    3.50% to 7.40%

    7 days to 10 years

    SBI Fixed Deposit

    5.75% to 6.85%

    7 days to 10 years

    ICICI Bank

    4.00% to 7.50%

    7 days to 10 years

    Yes Bank

    5.00% to 7.25%

    7 days to 10 years

    IndusInd Bank

    3.75% to 8.00%

    7 days and above

    DCB Bank

    4.00% to 8.05%

    7 days to 10 years

    Deutsche Bank

    4.25% to 8.25%

    7 days to 5 years

    IDFC Bank

    4.00% to 8.25%

    7 days to 10 years

    Ratnakar Bank

    5.00% to 8.05%

    7 days to 20 years

    Karnataka Bank

    3.50% to 7.50%

    7 days to 10 years

    *The rates of interest tend to vary at the discretion of the respective bank. The interest rates are mentioned in this table are valid as of 29 January 2019.

    *The interest rates are mentioned in this table are for deposits Under Rs. 1 Crore

    • Minimum tenure: 7 days
    • Highest Fixed Deposit rates is offered by Deutsche Bank i.e. 8.25% p.a. for a tenure of 5 years.
    • Highest rates given by Ratnakar Bank, IndusInd Bank and IDFC Bank, DCB Bank are 8.05% p.a., 8.05% p.a. and 8.25% p.a., 8.25% p.a. respectively.
    • SBI provides a maximum FD rate of 6.85% p.a. for a maturity between 5 years and 10 years.
    More
    Bankbazaar Fixed deposit Rates

    We found 10 Fixed deposit Rates
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    5.75% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.40% - 6.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.55% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    1 Year to 5 Years
    6.8% - 7.6% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.30% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Fixed deposit Rates is Rated as "Excellent!" by 2017 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    FD Interest Rates in India 2019

    Senior Citizen FD Interest Rates in 2019

    Name of the bank Tenure Range Range of FD rates in % (in p.a.)

    State Bank of India (SBI)

    7 days to 10 years

    6.25% to 7.35%

    Axis Bank

    7 days to 10 years

    3.50% to 8.20%

    HDFC Bank

    7 days to 10 years

    4.00% to 7.90%

    ICICI Bank

    7 days to 10 years

    4.50% to 8.00%

    Yes Bank

    7 days to 10 years

    5.50% to 7.75%

    IndusInd Bank

    7 days and above

    4.25% to 8.50%

    DCB Bank

    7 days to 10 years

    4.50% to 8.55%

    Deutsche Bank

    7 days to 5 years

    4.25% to 8.25%

    IDFC Bank

    7 days to 10 years

    4.50% to 8.75%

    Ratnakar Bank

    7 days to 20 years

    5.50% to 8.55%

    Karnataka Bank

    7 days to 10 years

    4.00% to 8.00%

    *The rates of interest for FD schemes tend vary at the discretion of the respective bank. The interest rates are mentioned in this table are valid as of 29 January 2019.

    • Most banks offer an additional interest rate-senior citizens on Fixed Deposits.
    • The special rates are usually applicable for domestic deposits under Rs.1 crore.
    • Highest FD rate for senior citizens 8.55% p.a. by DCB Bank
    • Maximum Axis Bank Fixed Deposit rate for senior citizens 8.20% p.a.
    • Highest Term Deposit rate for senior citizens by IndusInd Bank and Deutsche Bank are 8.50% p.a. and 8.25% p.a. respectively.

    Top 5 Small Finance Bank Fixed Deposit rates

    Name of the bank Tenure Range Range of FD rates in % (in p.a.)

    Jana Small Finance Bank

    7 days to 10 years

    6.00% to 9.00%

    Suryoday Small Finance Bank

    7 days to 10 years

    4.00% to 9.00%

    Utkarsh Small Finance Bank

    7 days to 10 years

    3.50% to 9.00%

    Equitas Small Finance Bank

    7 days to 10 years

    5.50% to 8.80%

    Ujjivan Small Finance Bank

    7 days to 10 years

    5.00% to 8.60%

    *The rates of interest for FD schemes tend to vary at the discretion of the respective small finance bank. The interest rates are mentioned in this table are valid as of 29 January 2019.

    • Highest Small Finance Bank Fixed Deposit rates:
      • Jana Small Finance Bank: 9.00% p.a. (3 years)
      • Suryoday Small Finance Bank: 9.00% p.a. (950 days)
      • Utkarsh Small Finance Bank: 9.00% p.a. (456 days to 2 years)
    • Tenure range available: 7 days to 10 years
    • Maximum FD rate offered by Equitas Small Finance Bank: 8.80% p.a.

    Top 5 Non-Banking Financial Company (NBFC) FD rates

    Name of the bank Tenure Range Range of FD rates in % (in p.a.)

    Bajaj Finserv Ltd.

    1 year to 5 years

    8.00% to 8.15%

    PNB Housing Finance

    1 year to 10 years

    8.25% to 8.45%

    Mahindra Finance

    15 months to 40 months

    8.30% to 9.00%

    Shriram Transport Finance

    1 year to 5 years

    7.95% to 8.88%

    LIC Housing Finance

    1 year to 5 years

    8.15% to 8.30%

    *The rates of interest for FD schemes tend vary at the discretion of the respective NFBC. The interest rates are mentioned in this table are valid as of 29 January 2019.

    • Highest NBFC FD rate is offered by Mahindra Finance: 9.00% p.a. (33 months)
    • Second highest NFBC FD rate: 8.88% p.a. by Shriram Transport Finance Ltd.
    • Minimum maturity period: 1 year

    Top 5 banks for Tax Saver Fixed Deposit

    Name of the bank Tenure Range Range of FD rates in % (in p.a.)

    IDFC Bank

    5 years

    8.25%

    Deutsche Bank

    5 years

    8.25%

    RBL Bank

    5 years

    7.60%

    Lakshmi Vilas Bank

    5 years

    7.75%

    ICICI Bank

    5 years

    7.25%

    *The rates of interest for FD schemes tend-vary at the discretion of the respective NFBC. The interest rates are mentioned in this table are valid as of 29 January 2019.

    • Highest Tax Saver FD rate: 8.25% p.a. by IDFC Bank and Deutsche Bank
    • 7.60% p.a. is offered by RBL Bank Ltd.
    • Tax Saver FDs come with tax exemptions as mentioned in Section 80 C of the Income Tax Act, 1961.
    • The deposit limit-avail this exemption is Rs.1.50 lakh in a financial year.
    • The scheme typically comes with a lock-in period of 5 years.

    Highest 1 year Fixed Deposit rates

    The highest FD rate for 1 year Fixed Deposit is offered by Ratnakar Bank and IndusInd Bank i.e. 8.00% p.a.

    • Bandhan Bank: 7.35% p.a.
    • Karnataka Bank: 7.50% p.a.
    • Lakshmi Vilas Bank: 7.60% p.a.
    • Ratnakar Bank: 8.00% p.a.
    • IndusInd Bank: 8.00% p.a.

    Top 2 year Term Deposit rates offered by banks

    • Bandhan Bank: 7.40% p.a.
    • Karnataka Bank, IndusInd Bank, IDFC Bank & DCB Bank: 7.50% p.a.
    • South Indian Bank & Lakshmi Vilas Bank: 7.60% p.a.
    • Deutsche Bank: 8.00% p.a.
    • Ratnakar Bank: 8.05% p.a.

    3 year Term Deposit interest rates

    • ICICI Bank, IndusInd Bank & Deutsche Bank: 7.50% p.a.
    • South Indian Bank & Ratnakar Bank: 7.60% p.a.
    • Lakshmi Vilas Bank: 7.75% p.a.
    • IDFC Bank: 8.00% p.a.
    • DCB Bank: 8.05% p.a.

    4 year Fixed Deposit interest rates

    • ICICI Bank: 7.25% p.a.
    • IndusInd Bank & Deutsche Bank: 7.50% p.a.
    • Ratnakar Bank: 7.60% p.a.
    • DCB Bank & Lakshmi Vilas Bank: 7.75% p.a.
    • IDFC Bank: 8.25% p.a.

    Key features of Fixed Deposits

    • Tenure: The maturity period for an FD usually lies within the range of 7 days and 10 years.
    • Based on the tenure Term Deposits are categorized into:
      • Short term FD: 7 days to 1 year
      • Medium term Fixed Deposit: 1 year to 5 years
      • Long term Time Deposit: Above 5 years
    • FD rates: Fixed Deposit schemes come at interest rates usually between 4.00% p.a. to 8.00% p.a.
    • TDS: The interest income is taxed under Tax Deducted at Source (TDS) of the Income Tax Act, 1961.
    • Form 15G or 15H: In case your net income does not fall within the taxable limit, you can apply for tax exemption by submitting Form 15G or 15H.
    • Interest payout: You can choose the frequency of interest payout:
      • Cumulative Fixed Deposit: Interest paid on maturity
      • Non-Cumulative FD: Monthly/Quarterly/Half-yearly/Yearly payouts
    • Loans and overdraft facility: Many banks offer facilities such as loans and overdraft which can be availed against the deposit.
    • Nomination: You can also avail the nomination facility for certain Term Deposit schemes.
    • Premature withdrawal: Most banks charge a penalty for prematurely withdrawing or closing an FD.
    • Auto-renewal of FD: Some Term Deposit schemes come with the option of automatic renewal at the time of maturity.

    Fixed Deposit Calculator

    • FD Calculator is a virtual tool available online.
    • It helps you estimate the interest income along with the returns for an FD scheme for a specific rate and tenure.
    • Before investing an FD scheme, you can use the calculator compare the returns offered by different Term Deposit schemes.
    • You can use the calculator by entering:
      • Amount of deposit
      • Interest rate
      • Maturity Period

    FAQs on Fixed Deposit schemes

    1. What is the highest Fixed Deposit rate offered by banks in 2019?
    2. The highest FD interest rate available is 9.00% offered by Suryoday Bank and Ratnakar Bank.

    3. Can I prematurely withdraw from a Tax Saver Term Deposit?
    4. You cannot prematurely withdraw from a Tax Saver FD before completing the 5 year lock in period.

    5. What is the minimum tenure for an FD scheme?
    6. The minimum tenure for a Fixed Deposit scheme is typically 7 days.

    7. Is the interest income earned through Tax Saver Term Deposit free from taxation?
    8. No, the interest income is taxed under TDS of the Income Tax Act, 1961.

    9. What is the penalty for premature withdrawal of FD?
    10. Banks usually charge a penalty of 0.50% to 1% for prematurely withdrawing an FD.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Customer Reviews

    • HDFC Bank Fixed Deposit
      "Excellent services"
      0.5 4.5/5 "Excellent!"
      The best bank for a fixed deposit is HDFC Bank. The customer support is good and they are responsive as well. They offer an interest like other bank on my savings. The best is there is no lock in period so I close this account when ever I want too and I can do it with just a click away online. Where as other banks they would ask me to go to the home branch.
      Was this review helpful? 1
      , new delhi
      Reviewed on Apr 16, 2019
    • review Fixed Deposit
      "Good interest on savings"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit with Saraswat Cooperative Bank. The customer support is good and they are responsive. I been a customer for 20 years. The interest they provide on my savings is more than satisfactory and there are no charges taken for this account features.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 15, 2019
    • SBI Fixed Deposit
      "Less interest rate"
      0.5 5.0/5 "Blown Away!"
      Two months before I deposited my money nearly 1,50,000 in SBI . I am really happy with their customer service and response . But the interest rate is around 6.85 % which is lesser comparing to other bank . Since It is Government bank, I need not to worry in future if anything uncertain happens .
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 15, 2019
    • Central Bank of India Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have done fixed deposit on CENTRAL BANK OF INDIA an year ago, i did not face any issue in creating account. They have given me limited tenure period, i use to pay my payment through my credit card of same bank, now i have withdrawn my deposit. I got good interest rate so far my experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 15, 2019
    • Citibank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit with Citibank. I could get the clear details online. Though I would not be able to open this account through the mobile application. I can do it through the desktop. It has been a good experience till date and beneficial too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 15, 2019
    • SBI Fixed Deposit
      "Good in all"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit account with State Bank of India. The customer services are good. The process can be done online. The lock in period depends on the choice of the customer. The minimum tenure is six months. The interest rate provided is also equally good.
      Was this review helpful? 3
      , new delhi
      Reviewed on Apr 13, 2019
    • Bank of Baroda Fixed Deposit
      "Overall no hassles"
      0.5 5.0/5 "Blown Away!"
      It is a very simple process to open a fixed deposit account with Bank of Baroda. The lock in period is for five years. They provide a very good interest on my savings. The process at the bank is also good. There are no hassles in the overall experience.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 12, 2019
    • SBI Fixed Deposit
      "Looking for More Investment"
      0.5 5.0/5 "Blown Away!"
      Five years before , I opened a Fixed deposit in SBI , It automatically renewed on every year. I just monitors in online . I am looking for more investment in the future. At one stage I open this fixed deposit for my children's education or marriage .
      Was this review helpful? 1
      , secunderabad
      Reviewed on Apr 10, 2019
    • Federal Bank Fixed Deposit
      "Good customer support"
      0.5 5.0/5 "Blown Away!"
      In Federal bank , for Recurring deposit they provide very good interest rate of almost 7.5% .Even it is applicable for shorter period and longer term also . Very good customer support . After comparing with other banks , I decided to start my FD in Federal bank .
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 09, 2019
    • review Fixed Deposit
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      I hold a fixed deposit account with City Union Bank. The rate of interest is of 7.25% on my savings. The customer support is good and they are responsive as well. It was easy to open this account and I can do it online. There are no hassles in the overall service.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 05, 2019
    • ICICI Bank Fixed Deposit
      "Good Accesibility"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit with ICICI, I have opened the account through online just from the I mobile. I invested around Rs. 1 lakh its for long duration. The interest is good, I can withdraw the money through online banking without any charges. I am very fine with them.
      Was this review helpful? 3
      , indore
      Reviewed on Apr 03, 2019
    • IndusInd Bank Fixed Deposit
      "Good interst for FD savings"
      0.5 4.0/5 "Great!"
      I opened fixed deposit account through online, the process was simple without any documentation. Currently the bank is providing the interest around 8% for the FD account. I done it before year it has tenure this year one year. I think this august my Fd amount gets matured.
      Was this review helpful? 3
      , bangalore
      Reviewed on Apr 03, 2019
    • Standard Chartered Bank Fixed Deposit
      "Good service"
      0.5 4.5/5 "Excellent!"
      Hold a fixed deposit Account with STANDARD CHRATED BANK . The best thing is their Customer Service .The response of banking service and banking staff is good here . The online banking is good and the services at the branch is also satisfactory.So far it has been good experience with STANDARD bank .
      Was this review helpful? 1
      , new delhi
      Reviewed on Apr 03, 2019
    • HDFC Bank Fixed Deposit
      "Its Good"
      0.5 4.0/5 "Great!"
      I went to the bank for the FD process, the service was good they helped to open the account on the same day. I took the fixed deposit for the period of three years and I deposited Rs. 1 lakh, I would get the amount of Rs. 1.35 lakh. I do have HDFC online access .
      Was this review helpful? 3
      , hyderabad
      Reviewed on Apr 03, 2019
    • Post Office Fixed Deposit
      "Good Experience"
      0.5 4.0/5 "Great!"
      My fixed deposit got matured with Post office, the interest was nominal. The staff are good they gave me good service. There was no online option hence I need to visit for depositing the cash. I invested for five years for fixed deposit, my experience was good.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 03, 2019
    • HDFC Bank Fixed Deposit
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I have a fixed deposit account with HDFC Bank and the banking process is good. I could open this account online and the account has been beneficial too. I earn a good interest. I can also close this account without having to go in person to the bank. It can be done online too.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 29, 2019
    • IndusInd Bank Fixed Deposit
      "Good Investment with Indusind bank"
      0.5 5.0/5 "Blown Away!"
      One time investment I have done in Indusind bank as a fixed deposit, it has locking period around one year. They are providing the interest around 8% for one year. Online option is easy to activate the service and closing, there is no charges for the FD maintenance.
      Was this review helpful? 2
      , indore
      Reviewed on Mar 26, 2019
    • Axis Bank Fixed Deposit
      "Convenient"
      0.5 4.5/5 "Excellent!"
      I have a Fixed Deposit with Axis Bank because they have offered more interest than ICICI BANK and its been more than 1.5 years. Their customer service is always good. The interest rate is around 7.6% which am not sure. I can manage the account online. I opted for 18 months.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Mar 26, 2019
    • Bank of Baroda Fixed Deposit
      "Need improvement on customer support"
      0.5 4.0/5 "Great!"
      I have done one time investment fixed investment in Bank of Baroda, it has five year of locking period. The interest is nominal for the FD, I believe BOB give the interest around 8% , however there was no proper information regarding the interest. My father have taken this FD on my name, every year I deposit the amount.
      Was this review helpful? 1
      , noida
      Reviewed on Mar 25, 2019
    • Citibank Fixed Deposit
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I have converted saving maintenance into FD account for the term of one year. I can prolong period based on my convenience, the rate of interest is average for the fixed deposit. However I have online option to open and close the fixed deposit account at any time.
      Was this review helpful? 3
      , bangalore
      Reviewed on Mar 11, 2019
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.