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    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 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
    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 2047 Users

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    Fixed Deposit BYTES FROM OUR KITCHEN

    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

    • 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? 0
      , chennai
      Reviewed on Jun 16, 2019
    • Indian Bank
      Indian Bank Fixed Deposit
      "Service is good"
      0.5 5.0/5 "Blown Away!"
      I have chosen the Indian bank because of its a Government undertaken bank. I have invested the amount of Rs. 5 lakhs. They have given me a interest rate of 4100 monthly basis. They won't charge for anything extra. I visited their branch and put the money and the employee response. I'm happy about the returns because i got the interest on monthly basis.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2019
    • SBI Fixed Deposit
      "Safe and secured"
      0.5 5.0/5 "Blown Away!"
      Being a middle class person definitely I think to invest my money that's the reason I chosen SBI fixed deposit because its safe and secured. I can deposit for long term, the online feature is great and I can open and close the FD account through netbanking.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 13, 2019
    • ICICI Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I did a Fixed deposit in ICICI BANK for my kids because I got my salary account and also have opened separate account for my kids and wife on the same bank so its easy to do the payment and linked together. The interest rate is 6.75% moreover the options are very flexible, the locking period is like 1month , 3 months, one year,etc and even the online services are enabled. Whenever I have good amount on the account so go for FD on the selected month, the interest amount will be credited into account.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 11, 2019
    • Oriental Bank of Commerce Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have Oriental bank Of Commerce Fixed deposit account ,I have not faced any difficulties so far on using this account .Customer service is also good so far .Each and every transaction will be safe and secure .There was no drawbacks faced so far .I am very much comfortable and easy going and completely satisfied with the service.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 06, 2019
    • Axis Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have a Fixed deposit account with Axis Bank. I have not faced any difficulties so far on using this account. The customer service is also good so far. Each and every transaction will be safe and secure .There was no drawbacks faced so far. I am very much comfortable in using this account.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 06, 2019
    • HDFC Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I done a Fixed Deposit account with HDFC BANK before 2 years and the rate of interest was good. I have withdrawn the money and its neither loss or nor profit. My money is safer and return is very low. There was no locking period and the executive is supportive.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 30, 2019
    • HDFC Bank Fixed Deposit
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I had fixed deposit in HDFC for the amount of Rs.10,000 then I withdrawn in two months I got some interest. I went to the bank for account opening within few minutes they helped to open the account. There is no charges for pre matured liquidity fund.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 25, 2019
    • HDFC Bank Fixed Deposit
      "Good Returns from HDFC"
      0.5 4.0/5 "Great!"
      As per the guidance , I taken a Fixed Deposit in HDFC . This is one year plan and worth enough to take this plan in HDFC comparing with the interest rate . I am really happy with the better returns for my FD . I thought of continuing after one year also .
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 13, 2019
    • HDFC Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I am using HDFC Bank Fixed Deposit for the past 6 years ,using net banking is also good ,customer service is good .flexy deposit ,whenever required can take the amount and can deposit it later .There was no issues faced so far .The Banking service is good to me so far.I am satisifed with the banking service.
      Was this review helpful? 3
      , chennai
      Reviewed on May 13, 2019
    • Oriental Bank of Commerce Fixed Deposit
      "Trusted investment for the future"
      0.5 5.0/5 "Blown Away!"
      I have fixed deposit with Oriental Bank of commerce, they give interest rate around 7.5%when I was invested but I am not sure about current one. However there is no charges applicable for the fd maintenance, They have nice online banking to open or close the account and its a trusted one.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 13, 2019
    • ICICI Bank Fixed Deposit
      "Have to be more quick in their procedure"
      0.5 3.0/5 "Satisfactory"
      I have Fixed Deposit with ICICI also which was matured earlier even it was a tax free accounts they are charging some amount. Before the financial year completion, i need to submit the document to income department to get my fund but the procedure is too long and I did not get the money. I had done investment of 1L and 0.50L which am unhappy. I would suggest them to provide the bills on time after this experience have stopped investing with them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 12, 2019
    • HDFC Bank Fixed Deposit
      "Very much convenient"
      0.5 5.0/5 "Blown Away!"
      My all time favorite is Fixed Deposit which is secured and I can count the returns on evey month which am most comfortable. My family all have them are having in HDFC account, the manager is very friendly and rendering the service. Am doing investment since 2011 and their services are more good than the profit.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 12, 2019
    • Axis Bank Fixed Deposit
      "Convenient fixed deposit"
      0.5 4.0/5 "Great!"
      My fixed deposit was opened with Axis bank, I invested around Rs. 1 lakh for one year. If I want I can also extend the tenure. I believe the rate of interest is more than 7% for per annum. I can also track the fixed deposit through online banking its more simple.
      Was this review helpful? 5
      , thane
      Reviewed on May 04, 2019
    • HDFC Bank Fixed Deposit
      "Userfriendly FD experience"
      0.5 4.0/5 "Great!"
      I do have fixed deposit with HDFC, I opened it through online there is no locking period, while opening I have specified the maturity date. Minimum deposit start from Rs. 5000, they are providing 7.3% per annum. Its safe and secured to invest money with HDFC.
      Was this review helpful? 2
      , bangalore
      Reviewed on May 03, 2019
    • SBI Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit with State Bank Of India ,interest is good .The banking service is good so far .I have not faced any issues so far .Money will be safe on this account .Whenever need money can take and can deposit as well .The banking service is good and satisfied so far .Will get frequent update as well. I am satisfied with the overall service.
      Was this review helpful? 12
      , faridabad
      Reviewed on Apr 30, 2019
    • Canara Bank Fixed Deposit
      "Good nservice"
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit with Canara Bank ,interest is good .The banking service is good so far .I have not faced any issues so far .Money will be safe on this account .Whenever need money can take and can deposit as well .The banking service is good and satisfied so far .Will get frequent update as well.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 30, 2019
    • Punjab National Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Iam having fixed deposit with Punjab national bank ,interest is good .The banking service is good so far .I have not faced any issues so far .Money will be safe on this account .Whenever need money can take and can deposit as well .The banking service is good and satisfied so far .Will get frequent update as well.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 30, 2019
    • SBI Fixed Deposit
      "Can do better"
      0.5 3.0/5 "Satisfactory"
      SBI gives only 6.7% of interest for the fixed deposit, there is some charges applicable for the per matured liquidity amount. They take 1% from the paid amount, its not flexible as HDFC. The customer dealing is also average to resolve the queries.
      Was this review helpful? 6
      , delhi
      Reviewed on Apr 29, 2019
    • HDFC Bank Fixed Deposit
      "Flexible Fixed deposit"
      0.5 5.0/5 "Blown Away!"
      HDFC Is more convenient to open and close the FD through online, they give better interest as per the RBI around 6.8%. The online portal is easy to track the fixed deposit details, the help desk is good to handle the queries. I am very much happy with HDFC. I can take the tenure from three months to max tenure.
      Was this review helpful? 1
      , delhi
      Reviewed on Apr 29, 2019
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