(Compare the Interest Rates Offered on deposits by all the public sector banks and major private sector bank in India at a quick glance.)
The names of public sector banks and private sector banks are separately listed below in alphabetic order. The table at the right side of the banks’ name shows the interest rate for domestic deposits of below two crores offered by the respective bank for the period of 1 year, 2 years, 3 years 5 years and above 5 years which are updated at regular interval.
For the current rate of interest offered by the banks on all types of deposits including Domestic Fixed deposits, SB A/cs, NRE/NRO/FCNR deposits, etc.;
CLICK the Bank’s name that navigates you to concerned bank’s official websites showing the present rate of interest, offered by them on all types of deposits including Domestic Fixed deposits, SB A/cs, NRE/NRO/FCNR deposits.
Deposit rates of Public Sector and private sector Banks -at a glance as per official websites of the respective bank as on 17.05.2020
Rate of interest (percent per annum) on term deposits of public sector banks -at a glance.
|Bank names||1 Year||2 Years||3 Years||5 Years||5+ Years||Special rates
|Bank of Baroda||5.55||5.55||5.55||5.70||5.60|
|Bank of India||5.90||5.80||5.80||5.80||5.80|
|Bank of Maharashtra||5.60||5.50||5.50||5.50||5.50|
|Punjab National Bank||5.75||5.75||5.75||5.75||5.75|
|Punjab & Sind Bank||5.85||5.85||5.85||5.85||5.85|
|State Bank of India||5.50||5.50||5.70||5.70||5.70|
Rate of interest (percent per annum) on term deposits of major private sector banks -at a glance.
|Bank names||1 Year||2 Years||3 Years||5 Years||5+ Years||As appeared on official websites of the concerned bank as on17.05.2020|
|Federal Bank||5.80||6.00||6.00||6.00||6.00||15 months 6.10|
|Karur Vysya Bank||6.00||6.05||6.05||6.05||6.05||tax shield 6.25|
|Kotak Mahindra Bank||5.60||5.00||5.00||5.00||5.00|
|South Indian Bank||6.30||6.30||6.25||6.25||6.25|
Disclaimer: Public Sector Banks are the banks where the Government of India has the majority capital stake and in Private Sector Banks, the private promoters and the general public are the shareholders. This website neither recommends the readers to put their deposit in any specific bank nor take any responsibility, in the events of a bank fails or goes into liquidation or reconstructed or amalgamated or merged with another bank.
As interest rates are subject to change without prior notice, the depositor shall ascertain from the concerned bank, the rates on the value date of FD. Readers/bankers/financial institutions may inform us about updates, corrections or any inclusions to be made in this post. Banks at their discretion offer additional interest to the resident senior citizens (of age 60 years and above), over and above the rate of interest admissible to the general public. (Example: plus 0.25% p.a., 0.40% p.a., plus 0.50% p.a., maximum up to plus 1.00%). At present, most of the banks offer 0.50% additional interest to Senior citizens over and above the rate of interest admissible to the general public. Senior Citizens are therefore required to check the additional interest offered to them by the concerned bank before depositing their money.