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    Fixed deposit Interest 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.

    FD Interest Rates For Top Banks 2019

    Banks FD Rate of Interest Tenure

    State Bank of India (SBI)

    5.75% to 6.85%

    7 days to 10 years

    Axis Bank

    3.50% to 7.60%

    7 days to 10 years

    HDFC Bank

    3.50% to 7.40%

    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 Interest Rates

    We found 10 Fixed deposit Interest 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 Interest Rates is Rated as "Excellent!" by 2003 Users

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    Promised Interest Rate

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    Fixed Deposit BYTES FROM OUR KITCHEN

    Fixed Deposit Rates: 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.

    Customer Reviews

    • 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? 0
      , 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? 0
      , 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? 0
      , 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? 2
      , bangalore
      Reviewed on Mar 11, 2019
    • ICICI Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit is with ICICI Bank. I can open and close this account online. The interest I earn is satisfactory. The customer services and response is good and in all it is a smooth process and there are no unwanted charges taken for the same.
      Was this review helpful? 4
      , chennai
      Reviewed on Mar 10, 2019
    • ICICI Bank Fixed Deposit
      "Attractive interest with best saving"
      0.5 5.0/5 "Blown Away!"
      As per the current financial year they are providing 7.2% of interest on the fixed deposit, I can deposit minimum of Rs. 5000 to upto 5 crores. I have activated ICICI Fixed deposit through online, the account got activated on the same day. There is no charges for prematurity .
      Was this review helpful? 3
      , thane
      Reviewed on Mar 08, 2019
    • HDFC Bank Fixed Deposit
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had just started this investment couple of months back and the services which they had provided has been good. I had started this investment through one of the brokerage nearby. Their customer support has been helpful and has been guiding me through out and the interest rate which they are offering has also been quite good.
      Was this review helpful? 5
      , new delhi
      Reviewed on Mar 03, 2019
    • andhra Bank Fixed Deposit
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Last year I had fixed deposit with Andhra Bank this January it got matured, the interest was good. The bank staffs are very cooperative on my queries it located in home town. I invested the amount of Rs.50,000 then I got the total amount of Rs. 55,000.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Mar 02, 2019
    • Union Bank of India Fixed Deposit
      "Good Savings"
      0.5 4.0/5 "Great!"
      I done one time investment of fixed deposit with Union Bank of India. As per the current financial year the FD interest gone down around 6.75% for per annum. I opened the account through bank, they taken 3 to 4 for activation. The customer support is good I don' t have any issues.
      Was this review helpful? 4
      , mumbai
      Reviewed on Feb 26, 2019
    • SBI Fixed Deposit
      "Trusted Saving with SBI"
      0.5 3.0/5 "Satisfactory"
      All we know, SBI is a government bank, that is the reason I have availed fixed deposit from them. As per the current financial year they are providing the interest around 6%, I opened the account through online, but for the closure I think I need to visit the bank.
      Was this review helpful? 6
      , pune
      Reviewed on Feb 25, 2019
    • Oriental Bank of Commerce Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have opened my fixed deposit in Oriental Bank of Commerce and am depositing every year in the month of June. The interest rate is reasonable, they are offering 6.65% even other banks are giving the same interest. I don't have customer service experience. Mostly am using their online service for transactions.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Feb 21, 2019
    • SBI Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken my fixed deposit with STATE BANK OF INDIA, their service is good they provide me good interest rate,my deposit is good in growth, and I am making payment through on line like it get auto debited, and till now experience with this bank was good.
      Was this review helpful? 12
      , hyderabad
      Reviewed on Feb 20, 2019
    • Kotak Fixed Deposit
      "Best investment Plan"
      0.5 5.0/5 "Blown Away!"
      I have taken fixed deposit account in kotak mahindra Bank . They are not charging any charges for the account . I used to get income tax benefits . Am satisfied with the customer service and response.They are giving good rate of interest . Overall am happy with my account .
      Was this review helpful? 3
      , bangalore
      Reviewed on Feb 20, 2019
    • Axis Bank Fixed Deposit
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      I also bank with Axis Bank for the fixed deposit. The customer support and response is good. There are no hassles in the process. I could open this account online. The lock in period is for one year. The rate of interest they provide on my savings is also satisfactory.
      Was this review helpful? 10
      , pune
      Reviewed on Feb 15, 2019
    • SBI Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I have fixed deposit with SBI,As per the bank norms rate of interest is up to 6.88%. I opened the account through bank, There is no maturity period, like it is no fixed period, i can keep on deposit whenever i want and i take whenever i need it is unlimited, Their service is good.
      Was this review helpful? 7
      , bangalore
      Reviewed on Feb 14, 2019
    • SBI Fixed Deposit
      "Good saving for future"
      0.5 4.0/5 "Great!"
      SBI FD account is good, 2 months back I opened this account through offline, I have invested some amount its good, the interest rate is around 8% per annum. The customer support is very good . I can access account through online banking its fine.
      Was this review helpful? 4
      , bangalore
      Reviewed on Feb 09, 2019
    • ICICI Bank Fixed Deposit
      "Need to increase the interest rate"
      0.5 5.0/5 "Blown Away!"
      I do have a fixed deposit account with ICICI and it was taken recently. I have chosen ICICI because my salary and saving account was maintained with them. I am getting good response from the customer service. They are giving average interest rate. I do monthly deposit of less than 50K.
      Was this review helpful? 5
      , mumbai
      Reviewed on Feb 09, 2019
    • Kotak Fixed Deposit
      "Good features"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra Bank is good in their customer services. I bank with them for the fixed deposit. I could open this account online. The lock in period is for one and half year. The rate of interest is really good. I could also close the account online.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Feb 07, 2019
    • SBI Fixed Deposit
      "Safe and secured investment"
      0.5 5.0/5 "Blown Away!"
      Currently FD interest rate is around 6.5% for per annum. I deposited one time amount of Rs. 2 lakhs for one year, I have activated the service through online, I have netbanking option to track the details, before expiry if we withdraw the amount but there will be interest various applicable.
      Was this review helpful? 5
      , bangalore
      Reviewed on Feb 07, 2019
    • HDFC Bank Fixed Deposit
      "Good"
      0.5 4.5/5 "Excellent!"
      I have a fixed deposit with HDFC which was started 2 years back. I have chosen it mainly for the interest rate and also its convenient to open this account online also am a salary account holder. The locking period is 5 years. I never faced issues with the customer service. They need an improvement on interest rate because I think it could be better.
      Was this review helpful? 4
      , bangalore
      Reviewed on Feb 01, 2019
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