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    Top Bank FDs in India in 2016

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 20 Years
    5.25% - 8.75% Quarterly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.6% Quarterly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 7.65% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    5.5% - 7.45% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    4% to 8% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.2% - 7% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.15% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.95% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.6% Quarterly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    7% - 7.1% Quarterly compounding
    Response Time Within 30 minutes
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    Top Bank FDs in India in 2016

    Fixed Deposit scheme is a term deposit scheme that allows the investor to build on their savings. The scheme lets the investor deposit a lumpsum amount of money in the scheme and pays interest on the same for a certain period of time. The rate of interest offered on Fixed Deposit schemes depends on factors such as the amount deposited, the tenure and the bank. Fixed Deposit scheme is best suited for investors who choose to invest lumpsum amount of money and prefer a risk free financial instrument. In this article, we will discuss the top ten bank fixed deposit schemes in 2016.

    Top Bank Fixed Deposit Schemes in India in 2016

    Listed below are the top bank fixed deposit schemes in India in 2016:

    • Ratnakar Bank- Ratnakar Bank offers a wide range of Fixed Deposit schemes that offers a wide range of benefits and flexible tenures. The bank currently offers a rate of interest of 8.50% to 9.00% per annum.
    • Bandhan Bank- Bandhan Bank offers Fixed Deposit schemes with tenures ranging from 7 days to 10 years. The Fixed Deposit schemes comes with various benefits such as high rate of interest, loan/overdraft option and special rates for high value deposit. The bank offers a current rate of interest of 8.50% per annum.
    • Development Credit Bank-Development Credit Bank offers unique Fixed Deposit schemes that come at high interest rates and flexible tenure options. The bank currently offers a rate of interest that ranges between 7.90% and 8.20% per annum for its Fixed Deposit Schemes.
    • Karnataka Bank-Karnataka Bank offers Fixed Deposit scheme for amount up to Rs.100 crore. The bank offers attractive rates of interest along with flexible tenure options to cater to different investing needs of customers. The banks offers a interest rate that ranges between 8% to 8.25% for its Fixed Deposit Scheme.
    • Lakshmi Vilas Bank-Lakshmi Vilas Bank offers a Fixed Deposit schemes that comes for a tenure of 7 days to 120 months. The bank offers a current rate of interest of 7.80% to 7.90% on its Fixed Deposit schemes. The interest rate offered depends on the tenure of the Fixed Deposit scheme.
    • Repco Bank- Repco Bank gives investors a chance to build on their savings in the safest way with their Fixed Deposit scheme. The bank currently offers a rate of interest of 8.00% per annum on its Fixed Deposit scheme.
    • Axis Bank- Axis Bank offers Fixed Deposit schemes with attractive rates of interest and flexible tenure options. The bank offers rates of interest ranging between 7.50% per annum to 7.90% per annum.
    Bank Interest rate for a tenure of 1 year Interest rate for a tenure of 2 years Interest rate for a tenure of 3 years Interest rate for a tenure of 4 years Interest rate for a tenure of 5 years
    Ratnakar Bank 8.50% per annum 9.00% per annum 8.75% per annum 8.75% per annum 8.75% per annum
    Bandhan Bank 8.50% per annum 8.50% per annum 8.50% per annum 8.50% per annum 8.50% per annum
    Development Credit Bank 7.90% per annum 8.20% per annum 8.20% per annum 8.20% per annum 8.20% per annum
    Karnataka Bank 8.25% per annum 8.25% per annum 8.00% per annum 8.00% per annum 8.00% per annum
    Lakshmi Vilas Bank 7.80% per annum 7.90% per annum 7.90% per annum 7.90% per annum 7.90% per annum
    Repco Bank 8.00% per annum 8.00% per annum 8.00% per annum 8.00% per annum 8.00% per annum
    Axis Bank 7.90% per annum 7.75% per annum 7.75% per annum 7.75% per annum 7.50% per annum
    Kotak Bank 7.75% per annum 7.50% per annum 7.50% per annum 7.50% per annum 7.25% per annum
    Citi Union Bank 7.75% per annum 7.75% per annum 7.75% per annum 7.75% per annum 7.75% per annum

    Updated on August ‘16

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