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11th March 2016, 08:15 AM
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Join Date: May 2012
Re: Fixed Deposit Interest Rate In India

Hey buddy a fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.


The highest interest rate is offered by The Ratnakar Bank at 9.0% for 24 to 36 months Fixed Deposit.

Also IDFC Bank and Bandhan Bank are the newest banks to open and are offering higher rate of interest across deposit tenures.


Hey buddy below I am giving you the FD for the Indian bank on the following basis

FD for Less than 1 Year

FD for 1 to 2 years



Bank Description Interest Rate
The Ratnakar Bank 241 days to 364 days 8.25%
Bandhan Bank 181 days to 364 days 8.25%
Bandhan Bank 91 days to 180 days 8.00%
IDFC Bank 271 – 365 days 8.00%
Karur Vysya Bank 91 Days to 180 Days 7.90%
DCB Bank 6 months to less than 12 months 7.75%
J&K Bank 271 days to less than 1 year 7.75%
Indus Ind Bank 181 days to below 1 year 7.75%
Canara Bank 270 days to less than 1 year 7.75%
IDFC Bank 181 – 270 days 7.75%
State Bank of India Government Bank Benchmark 5.25% – 7.00%
ICICI Bank Private Bank Benchmark 4.00% – 7.50%
Interest Rate for Fixed Deposit of 1 – 2 Years:

The highest interest rate is offered by The Ratnakar Bank (12 months to less than 24 months) and Bandhan Bank at 8.50%.

Bank Description Interest Rate

The Ratnakar Bank 12 months to less than 24 months 8.50%

Bandhan Bank 1 year to less than 2 years 8.50%

IDFC Bank 366 – 400 days 8.25%

DCB Bank 18 months to less than 24 months 8.15%

DCB Bank 13 months to less than 18 months 8.10%

IDFC Bank 271 – 365 days 8.00%

IDFC Bank 401 – 540 days 8.00%

Indus Ind Bank 1 year to below 1 years 2 months 8.00%

J&K Bank 1 year to less than 5 years 8.00%

DCB Bank 12 months to less than 13 months 7.90%

Lakshmi Vilas Bank 1 year and above & less than 3 years 7.90%

Axis Bank 1 year to below 2 years 7.90%

HDFC Bank 1 Year 7.90%

ICICI Bank 390 days up to 2 years 7.90%

Kotak Mahindra Bank 365 Days to 389 Days 7.90%

Yes Bank 12 Months 10 Days to 12 Months 20 Days 7.90%

Yes Bank 18 Months 8 Days to 18 Months 18 Days 7.90%

State Bank of Hyderabad SBH Kuber-400 days 7.85%

Tamilnad Mercantile Bank Ltd 555 days 7.85%

Punjab and Sind Bank 1 year to below 2 years 7.80%

Tamilnad Mercantile Bank Ltd 20 Months 20 Days 7.80%

State Bank of Patiala 1 year to 555 days 7.77%

State Bank of India Government Bank Benchmark 7.25% – 7.50%

ICICI Bank Private Bank Benchmark 7.75% – 7.90%

Post Office FD (1 Year) Post Office 8.40%


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