Barclays Bank, headquartered in London, UK, is among the major foreign players in the Indian banking and financial services sector. It has been operational in India since the early 1990’s, and currently employs more than 12,000 professionals in the country.
Barclays Bank offers some of the most attractive fixed deposits interest rates. Customers may open an account with a minimum of Rs.10 lakhs investment. To get you started with selecting the right FD product, the table above gives the latest FD rates from Barclays Bank in India.
The updated list of Barclays Bank FD Rates, for Regular and Senior Citizen, is listed below:
|Tenure||Regular FD Rate||Senior Citizen FD Rate|
|8 days to 14 days||4.50||4.50|
|16 days to 30 days||4.50||4.50|
|31 days to 45 days||4.65||4.65|
|46 days to 60 days||4.75||4.75|
|61 days to 90 days||4.85||4.85|
|91 days to 120 days||4.85||4.85|
|121 days to 180 days||5.00||5.00|
|181 days to 240 days||5.00||5.00|
|241 days to 270 days||5.00||5.00|
|271 days to 364 days||5.00||5.00|
|366 days to 400 days||6.25||6.25|
|401 days to 500 days||6.25||6.25|
|501 days to 547 days||6.25||6.25|
|548 days to 730 days||6.30||6.30|
|731 days to 820 days||6.35||6.35|
|821 days to 910 days||6.40||6.40|
|911 days to 1000 days||6.40||6.40|
|1001 days to 1095 days||6.40||6.40|
|1096 days to 1460 days||6.40||6.40|
|1461 days to 1825 days||6.40||6.40|
|1826 days to 2190 days||6.40||6.40|
|2191 days to 2555 days||6.40||6.40|
Short-term fixed deposits from Barclays Bank offer interest rates ranging from 2.00% p.a. to 5.25% p.a. For the shortest slab of 7-day term deposits, 2.00% interest rate is applicable. This rate increases substantially for tenures between 8 days to 14 days, reaching 4.25%. For fixed tenures of 15 days, a slightly higher rate of 4.50% is applicable. Similarly, tenures between 16 to 30 days attract 4.90% interest. The next slab, 31 days to 45 days, offers 20 basis points increase in interest rate, touching 5.10%.
Tenures between 46 days and less than a year see a slight decrease of 10 basis points in offered interest rate, touching 5.00% p.a. For 1 year fixed term deposits, an attractive 5.25% rate of interest is offered to customers.
Medium and long-term fixed deposits (from 1 year up to 7 years) offer significantly higher rates of return than the short term deposits discussed above. Rates range from 6.25% for tenures between 366 days to 501 days, and up to 6.40% for tenures more than 821 days.
Customers opting for slabs of 548 days to 730 days and 731 days to 820 days will receive interest to the tune of 6.30% and 6.35% respectively on their term deposits.
Barclays Bank does not provide special rates for senior citizens.
*Interest rates are subject to change and are denoted on a per annum basis. Interests are compounded quarterly for tenures above 181 days.