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What is a Bank Fixed Deposit?

Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth.

Expert Advice

How debt funds score better than fixed deposits?

Ramalingam K, Director & Chief Financial Planner, holisticinvestment.in.
People, who invest in FD, think that it’s a one time investment and they don’t need to check it constantly. Unfortunately, that’s a wrong notion. Since, if you don’t know, let me tell you, FD returns attract higher taxes.

How to choose fixed-income assets

Amit Kukreja, Founder, WealthBeing Advisors
Fixed income products like Public Provident Fund, Post Office Monthly Income Scheme, Senior Citizen’s Savings Scheme, Employee Provident Fund, National Savings Certificate etc. have stood the test of times.

Note : You are requested to reconfirm the rates from the respective institutions before making any financial commitments.

Search Bank Fixed Deposits

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Interest

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Mininum Inv.

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Tax Status

Showing only the BEST Fixed Deposit Rates by each bank for the selected parameters. To view all rates, click here
INSTITUTION GROUP INTEREST % p.a period INVESTMENT (Rs) Investor Type tax status  
Bharat Co-operative Bank Cooperative Banks 10.25 Above 1 year to 15 months Less than Rs. 15 lakh General Taxable Calculate
Saraswat Co-operative Bank Cooperative Banks 10.00 15 months only (BONANZA IV) Less than Rs. 1 cr General Taxable Calculate
The Ratnakar Bank Indian Private Sector Banks 9.75 12 month to less than 24 month Less than lakh to Rs. 1 cr General Taxable Calculate
South Indian Bank Indian Private Sector Banks 9.50 SIB 400 (400 days) Less than Rs. 1 cr General Taxable Calculate
Lakshmi Vilas Bank Indian Private Sector Banks 9.50 1 year to less than 2 years Up to Rs. 1 cr General Taxable Calculate
Shamrao Vithal Co-operative Bank Cooperative Banks 9.50 500 days (simple int) Less than Rs. 1 cr General Taxable Calculate
Development Credit Bank Indian Private Sector Banks 9.40 13 months to less than 24 months Less than Rs. 1 cr General Taxable Calculate
IDBI Bank Public Sector / Nationalized Banks 9.30 500 days less than Rs. 1cr General Taxable Calculate
Bombay Mercantile Co-operative Bank Cooperative Banks 9.25 Above 1 year to less than 2 years Less than Rs. 1cr General Taxable Calculate
State Bank of Patiala Public Sector / Nationalized Banks 9.25 1 year to 554 days Less than Rs. 15 lakh General Taxable Calculate
Central Bank of India Public Sector / Nationalized Banks 9.25 555 days Less than Rs. 1cr General Taxable Calculate
Dhanalakshmi Bank Indian Private Sector Banks 9.15 375 days Less than Rs. 1 cr General Taxable Calculate
Syndicate Bank Public Sector / Nationalized Banks 9.11 1 year exact Less than Rs. 1cr General Taxable Calculate
Federal Bank Indian Private Sector Banks 9.10 15 months Less than Rs. 1 cr General Taxable Calculate
UCO Bank Public Sector / Nationalized Banks 9.10 1 year less than Rs. 1 cr General Taxable Calculate
Yes Bank Indian Private Sector Banks 9.10 15 Months 15 days to 16 Months Less than Rs. 1cr General Taxable Calculate
State Bank of Travancore Public Sector / Nationalized Banks 9.10 1 year to less than 2 years Less than Rs. 1cr General Taxable Calculate
State Bank of Bikaner and Jaipur Public Sector / Nationalized Banks 9.10 1 year (SBBJ Dhan-Kuber Yojana) Less than Rs. 1 cr General Taxable Calculate
Allahabad Bank Public Sector / Nationalized Banks 9.05 1 year to less than 2 years Less than Rs. 1 cr General Taxable Calculate
Canara Bank Public Sector / Nationalized Banks 9.05 1 year Less than Rs. 1cr General Taxable Calculate
Vijaya Bank Public Sector / Nationalized Banks 9.05 1Year Less than Rs. 1 cr General Taxable Calculate
Andhra Bank Public Sector / Nationalized Banks 9.05 444 days Less than Rs. 1 crore General Taxable Calculate
HDFC Bank Indian Private Sector Banks 9.00 1 year 16 days Less than Rs. 1 cr General Taxable Calculate
Punjab National Bank Public Sector / Nationalized Banks 9.00 1 year Less than Rs. 1 cr General Taxable Calculate
Union Bank of India Public Sector / Nationalized Banks 9.00 1 years Less than Rs. 1 cr General Taxable Calculate
Nainital Bank Indian Private Sector Banks 9.00 1 year and above but upto 399 days Less than Rs. 15 lakh General Taxable Calculate
Dena Bank Public Sector / Nationalized Banks 9.00 Above 1 year to less than 2 years Less than Rs. 1cr General Taxable Calculate
Oriental Bank of Commerce Public Sector / Nationalized Banks 9.00 1 year to less than 2 years Less than Rs. 1 cr General Taxable Calculate
Zoroastrian Co-operative Bank Cooperative Banks 9.00 15 months only Less than Rs. 1 cr General Taxable Calculate
Bassein Catholic Co-operative Bank Cooperative Banks 9.00 Above 12 Months to 18 Months Less than Rs. 15 lakh General Taxable Calculate
ING Vysya Bank Indian Private Sector Banks 9.00 365 days Less than Rs. 1 cr General Taxable Calculate
Indian Overseas Bank Public Sector / Nationalized Banks 9.00 1 year to less than 2 years Upto Rs. 1 cr General Taxable Calculate
Kotak Bank Indian Private Sector Banks 9.00 390 Days (12 months 25 days) Less than Rs. 1 cr General Taxable Calculate
State Bank of India (SBI) Public Sector / Nationalized Banks 9.00 1 year to less than 2 years Less than Rs. 1 cr General Taxable Calculate
Standard Chartered Bank Foreign Banks 9.00 376 days to 390 day Less than Rs. 1 cr General Taxable Calculate
Corporation Bank Public Sector / Nationalized Banks 9.00 1 year only Less than Rs. 1 cr General Taxable Calculate
Abu Dhabi Commercial Bank Foreign Banks 8.50 1 years and above to less than 2 years Upto Rs. 15 lakh General Taxable Calculate
United Bank of India Public Sector / Nationalized Banks 8.50 1 years to less than 2 years Less than Rs. 5 cr General Taxable Calculate
HSBC Foreign Banks 8.25 365 days Less than Rs. 1cr General Taxable Calculate
Royal Bank of Scotland Foreign Banks 8.00 1 year to less than 2 years Less than Rs. 1 cr General Taxable Calculate
ICICI Bank Indian Private Sector Banks 8.00 1 year to 389 days Less than Rs. 1 cr General Taxable Calculate
Janakalyan Sahakari Bank Cooperative Banks 7.75 Above 12 months to 18 months Less than Rs. 15 lakh General Taxable Calculate
Deutsche Bank Foreign Banks 7.75 Above 1 year to 1.5 years Less than Rs. 1 cr General Taxable Calculate
Citi Bank Foreign Banks 7.00 365 days to 400 days Less than Rs. 1 cr General Taxable Calculate
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