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  • 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 10 Banks in India

    Banks FD Rate of Interest Tenure
    Axis Bank 3.50% to 7.60% 7 days to 10 years
    HDFC 3.50% to 7.40% 7 days to 10 years
    SBI 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
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    5.75% - 7.25% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.40% - 6.75% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.25% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.25% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.25% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.55% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    1 Year to 5 Years
    6.8% - 7.6% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.30% Monthly compounding
    Features
    Highlights
    Documents
    Good to Know

    Compare Fixed Deposit Rates in India 2019

    FD rate of Interest
    Name of the Bank Regular Customers (per annum) Senior Citizens (per annum)
    State Bank of India 5.75% to 6.85% 6.25% to 7.35%
    Kotak Mahindra Bank 3.50% to 6.66% 4.00% to 7.19%
    HDFC Bank 3.50% to 6.50% 4.00% to 7.00%
    ICICI Bank 4.00% to 7.00% 4.50% to 7.50%
    Bank of Baroda 4.50% to 6.70% 5.00% to 7.30%
    Citibank 3.00% to 6.52% 3.50% to 7.11%
    Axis Bank 3.50% to 7.25% 3.50% to 7.75%
    Karnataka Bank 3.50% to 6.50% 4.00% to 7.00%
    Yes Bank 5.00% to 7.25% 5.50% to 7.75%
    Punjab National Bank 5.75% to 6.25% 6.25% to 6.75%
    IndusInd Bank 4.50% to 7.25% 5.00% to 7.75%
    Canara Bank 5.75% to 6.00% 6.25% to 6.50%
    Deutsche Bank 4.25% to 8.25% 4.25% to 8.25%
    Bank of Maharashtra 4.25% to 6.50% 4.75% to 7.00%
    IDFC Bank 4.00% to 7.25% 4.50% to 7.75%
    RBL Bank 5.00% to 7.20% 5.50% to 7.70%
    DCB Bank 4.00% to 7.25% 4.50% to 7.75%
    IBDI Bank 5.75% to 6.25% 6.25% to 6.75%
    DBS Bank 4.00% to 7.00% 4.00% to 7.00%
    Andhra Bank 4.00% to 6.50% 4.50% to 6.50%
    South India Bank 4.00% to 7.00% 4.50% to 7.50%

    Interest Rates on FD 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 for Small Finance Bank FD: 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

    At present, Ratnakar Bank and IndusInd Bank offer the highest interest rate on fixed deposits at 8.00% p.a. each. The next highest rate offered is 7.60% p.a. by Lakshmi Vilas bank, followed by Karnataka Bank at 7.50% and Bandhan Bank at 7.35%.

    Top 2 year Term Deposit rates offered by banks

    The highest rate on 2-year deposits is offered by Ratnakar Bank at 8.05% p.a. This is followed by Deutsche Bank at 8.00% p.a., South Indian Bank and Lakshmi Vilas Bank at 7.60% p.a. each, and Bandhan Bank at 7.35% p.a.

    3 year Term Deposit interest rates

    DCB Bank offers the highest rates on 3-year term deposits with the rate of interest holding at 8.05%. The next in line are IDFC Bank at 8.00% p.a., Lakshmi Vilas Bank at 7.75% p.a.

    Ratnakar Bank and South Indian Bank offer 7.60% p.a. each on their deposits while Deutsche Bank, IndusInd Bank, and ICICI Bank give 7.50% on their 3-year term deposits.

    4 year Fixed Deposit interest rates

    IDFC Bank offers the highest interest rates at 8.25% p.a. on 4-year deposits. DCB Bank and Lakshmi Vilas Bank offer the second-highest rates at 7.75% p.a., followed by Ratnakar Bank at 7.60% p.a.

    The interest rate applicable on Deutsche Bank and IndusInd Bank deposits stand at 7.60%. while the rates associated with ICICI Bank deposits is currently 7.25% 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.

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    Customer Reviews

    • ICICI Bank Fixed Deposit
      "Good investment for future"
      0.5 4.0/5 "Great!"
      I opened fixed deposit with ICICI it gives tax benefits upto 80 c section, I invest Rs. 50,000 as a one time investment it has the term of five years. The online banking is good to deposit the money to take the liquidity, I have option to track the FD details also netbanking.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 19, 2019
    • Union Bank of India
      Union Bank of India Fixed Deposit
      "Its Recommendable "
      0.5 5.0/5 "Blown Away!"
      I have fixed deposit with Union Bank of India, I opt for one year fixed deposit , they are providing 8.60% of interest for per annum. I got the profit around Rs. 8000 for the amount invested amount of around Rs. 1.60 lakh, I would recommend this service. They do have option to deposit the amount through online.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2019
    • Citibank Fixed Deposit
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have withdrawn the money so that there was a quick response also i got the money within few minutes. I used the account for more than 2 years. To open the account it is easy i have done through the online. The rate of interest was 6% per annum.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2019
    • SBI Fixed Deposit
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      I am not much satisfied with the fixed deposit with STATE BANK OF INDIA. I am using from last few years and there is a good online banking also the service from the customer support is good added on that the overall service with them was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 17, 2019
    • HDFC Bank Fixed Deposit
      "GOOD"
      0.5 4.0/5 "Great!"
      To open the account with HDFC BANK is good and simple which is easy also quick process. They are providing with the good rate of interest with the bank. The online banking i am using it is simple and easy also it is good to use. The overall service is good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 17, 2019
    • YES Bank Fixed Deposit
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit with the YES BANK where the banking process was simple also to open the account it is easy and there is no locking period with the account. The customer support is good and they are with good response, overall service is good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 17, 2019
    • Corporation Bank Fixed Deposit
      "Comfortable Fixed deposit"
      0.5 4.0/5 "Great!"
      I have opt for five years of fixed deposit with Corporation Bank. I can invest minimum of Rs. 1000 and max amount, they are providing the current interest of 7.5% per annum but I can also prolong the duration. I have online option to deposit the fd amount, even the maturity comes along the interest to the direct account.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 15, 2019
    • Post Office Fixed Deposit
      "Service needs to be improved"
      0.5 3.0/5 "Satisfactory"
      I do not use Post office service often because its inconvenient and they recently started the debit card service or else we need to visit to the branch for the withdrawing the money in the queue. But Post office fixed deposit interest has more interest, my mother is taking care of it.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jul 13, 2019
    • YES Bank Fixed Deposit
      "Good investment for future"
      0.5 5.0/5 "Blown Away!"
      I opened fixed deposit account in YES, as per the government rules they are providing 8% of interest on yearly basis. I am investing Rs. 50,000 per months it has the tenure period of five months, the online accessibility is good with my Yes bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2019
    • HDFC Bank Fixed Deposit
      "Its satisfactory"
      0.5 4.0/5 "Great!"
      HDFC fixed deposit interest rate is very competitive as like other banks. I have activated the tenure period of one year. The online banking is convenient to manage my all investment, I can access all the information through netbanking without visiting to the bank.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 30, 2019
    • SBI Fixed Deposit
      "PR"
      0.5 5.0/5 "Blown Away!"
      All customer can deposit the SBI fixed deposit from min of Rs. 10,000 , I believe they give 7% of interest for per annum. I have option to activate or de activate the service through online without going to the bank , there is no documentation to be signed for the online procedure. There is no charges for pre matured of FD.
      Was this review helpful? 9
      , mumbai
      Reviewed on Jun 29, 2019
    • ICICI Bank Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my fixed deposit ICICI bank from long time, Their service is good, i have deposit certain amount which will get mature after five years once it will get mature again i will deposit , their interest rate is less comparing to other bank.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 29, 2019
    • Punjab National Bank Fixed Deposit
      "Secured Fixed deposit"
      0.5 4.5/5 "Excellent!"
      I invested Rs. 50,000 in PNB fixed deposit it has the duration of one year then again the fixed deposit renew automatically, I am getting sms alert during the transactions. But I felt the rate of interest is lower as compared to HDFC , it would be great if they increase the interest for saving and fixed deposit.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 29, 2019
    • HDFC Bank Fixed Deposit
      "Userfriendly Experience"
      0.5 4.0/5 "Great!"
      HDFC Bank FD is providing 7% of interest per annum, I can invest maximum of Rs.1.5 lakhs for under tax coverage. The tenure period get extend automatically after the maturity, for the tax saving FD there is five years of limit . I can deposit and withdraw the liquidity through online.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 29, 2019
    • review Fixed Deposit
      "Awesome"
      0.5 5.0/5 "Blown Away!"
      Recently I done a Fixed Deposit on FINCARE SMALL FINANCE BANK which was referred by colleague. The policies and services are good. They are providing interest rate of 9.5% for senior citizen and the locking period is 24months. The customer service is superb.
      Was this review helpful? 5
      , ahmedabad
      Reviewed on Jun 26, 2019
    • SBI Fixed Deposit
      "Interest rates are good compared to others"
      0.5 3.0/5 "Satisfactory"
      No reason for choosing my fixed deposit account with state bank of India. They are providing a interest rate of 6.75%. I have invested the amount of Rs. 50000. There is a lockin period of 2 years. I can deposit for a long time as well. There is processing fee for my FD account.
      Was this review helpful? 6
      , kolkata
      Reviewed on Jun 24, 2019
    • Standard Chartered Bank Fixed Deposit
      "Recommendable Product"
      0.5 5.0/5 "Blown Away!"
      For the fixed deposit, Standard Chartered is providing flexible duration based on that interest may get vary. I would say its very attractive than other banks. Minimum we can invest from Rs. 10,000, the online transaction is very convenient as well.
      Was this review helpful? 1
      , noida
      Reviewed on Jun 24, 2019
    • Standard Chartered Bank Fixed Deposit
      "Recommendable Product"
      0.5 5.0/5 "Blown Away!"
      For the fixed deposit, Standard Chartered is providing flexible duration based on that interest may get vary. I would say its very attractive than other banks. Minimum we can invest from Rs. 10,000, the online transaction is very convenient as well.
      Was this review helpful? 1
      , noida
      Reviewed on Jun 24, 2019
    • Kotak Fixed Deposit
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I activated fixed deposit through Kotak Mahindra online banking, minimum we can invest from Rs. 10,000 for the duration of one year. The interest rate is good than other bank, there is no charges for per mature liquidity. The closure procedure is very easily I can also deactivate the FD service through online.
      Was this review helpful? 3
      , chandigarh
      Reviewed on Jun 21, 2019
    • Karur Vysya Bank Fixed Deposit
      "Service is good"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is little bit high compared to other bank hence i have chosen the Karur Vysya bank for my fixed deposit. I have invested the amount of Rs. 5 lakhs. They have given me a monthly interest rate of Rs. 4400. I have got a proper response from the bank. On the maturity date, i have submit the bond and get the cash.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 16, 2019
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