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    Best Fixed Deposit Rates for 1 Year

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 20 Years
    5.25% - 9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% to 7.85% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.5% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    6% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.75% - 7.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.25% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.75% - 7.9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    7.25% - 7.4% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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    Best Fixed Deposit Rates for 1 Year

    Fixed Deposits

    Fixed deposit is a financial tool that helps you build on your savings over a period of time. Under Fixed Deposit, the investors invests a lump sum amount of money in the account and earns a certain percentage of interest on the same over a period of time. It is a very safe form of investment as the risk factor is considerably less. The interest rate on the fixed deposit scheme depends on various factors such as the amount deposited, tenure of the scheme and the bank offering the scheme.

    Company Fixed Deposits

    Company Fixed Deposits are fixed deposits offered by companies. These kind of deposits are offered when the company is not keen on issuing shares but requires additional capital. Company Fixed Deposits are unsecured and are better for people who are looking to invest for a short period of time.

    Top Bank FD Rates for 1 Year

    • Shriram City Union Fixed Deposit- Shriram City Union is a Non-Banking Financial Company that offers fixed deposit schemes with attractive rate of interest along with various other benefits. As of now the bank is offering an interest rate of 8.42% per annum under the monthly compounding system and 8.48% per annum under the quarterly compounding system.
    • Bandhan Bank 1 year Fixed Deposit- Bandhan Bank offers two types of Fixed Deposit schemes that can be chosen for a tenure of one year. The bank offers a flat interest rate of 8% per annum on both schemes.
    • RBL Bank One Year Fixed Deposit- RBL is a private sector bank in India that offers Fixed Deposit schemes at attractive rates of interest and flexible tenures. As of now, the bank is offering rates of interest varying between 8.14% and 8.24% per annum for deposits up to 1 year.
    • Mahindra Finance Fixed Deposit for 1 year- Mahindra Finance is a Non-Banking Financial Company offers Fixed Deposit schemes with special rates of interest for Senior Citizens. The bank currently offers a rate of interest of 8.00% per annum.
    • Indian Post Office Fixed Deposit for 1 year- The Indian Post Office Fixed Deposit offers an interest rate of 7.1% per annum for a tenure of 1 year.
    Bank or Financial company Rate of interest
    Shriram City Union Fixed Deposit Offers a rate of interest of 8.42% per annum under the monthly compounding system and 8.48% per annum under the quarterly compounding system.
    Bandhan Bank 1 year Fixed Deposit Offers a Flat rate of interest of 8% per annum.
    RBL Bank One Year Fixed Deposit Offers a rate of interest varying 8.14% and 8.24% per annum.
    Mahindra Finance Fixed Deposit for 1 year Offers a current interest rate of 8% per annum.
    Indian Post Office Fixed Deposit for 1 year Offers an interest rate of 7.1% per annum for a tenure of 1 year.

    Top Company FDs for 1 year

    Listed below are the top Company Fixed Deposit schemes for the year 2016:

    • Bajaj Finance Limited Fixed Deposit scheme- Bajaj Finance Limited is a part of Bajaj group and offers Fixed Deposit Schemes with cumulative and non-cumulative options. The interest rate for Fixed Deposit scheme ranges between 8.75% to 8.9% per annum as of now.
    • Deewan Housing Finance Limited- Aashray Deposit Plus- Deewan Housing Finance Limited is one of the biggest Housing Finance companies in India. The company offers Fixed Deposit schemes with interest rate that ranges between 8.5% to 8.75% per annum for a tenure of 1 year.
    • LIC Housing Finance Limited Fixed Deposit Scheme- LIC Housing Finance Limited Fixed Deposit scheme comes with a wide range of benefits. The current rate of interest offered on the Fixed Deposit scheme varies between 8.25% to 8.5% per annum as of June, 2016.
    • Mahindra Finance Limited Fixed Deposit Scheme- Mahindra Finance Limited is a part of Mahindra & Mahindra Limited. The company not only offers attractive rates of interest on its Fixed Deposit schemes but it also offers a special rate of interest for senior citizens. The current rate of interest offered by the bank on its Fixed Deposit scheme is 8.45% per annum.
    • PNB Housing Fixed Deposit Scheme- PNB Housing Finance Limited offers Fixed Deposit schemes of flexible tenures and high interest rates. The current rate of interest offered on the Fixed Deposit scheme ranges between 8% to 8.25% per annum.
    Company Fixed Deposit scheme Rate of interest offered
    Bajaj Finance Limited Fixed Deposit scheme The rate of interest offered ranges between 8.75% to 8.9% per annum.
    Deewan Housing Finance Limited- Aashray Deposit Plus The company offers interest rate that ranges between 8.5% to 8.75% per annum.
    LIC Housing Finance Limited Fixed Deposit Scheme Rate of interest offered on the Fixed Deposit scheme varies between 8.25% to 8.5% per annum.
    Mahindra Finance Limited Fixed Deposit Scheme The current rate of interest offered on the scheme is 8.45% per annum.
    PNB Housing Fixed Deposit Scheme- The rate of interest offered on the Fixed Deposit scheme ranges between 8% to 8.25% per annum.

    The interest rates are subject to change. The customer is advised to consult the Banks or Financial Companies for the updated rate of interest on Fixed Deposit Schemes.

    Updated on 15 July 2016

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