Updated on 17.06.2021
(Compare the Interest Rates Offered on deposits by all the public sector banks and major private sector banks 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 the 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 of 30.04.2021
Rate of interest (percent per annum) on term deposits of public sector banks -at a glance. Almost all the banks offer additional interest of 0.50% to Senior citizens.
|Public sector Banks as of 10.06.2021|
|Bank names||1 Year||2 Years||3 Years||5 Years||5+ Years||Special rates
|Bank of Baroda||4.90||5.00||5.10||5.25||5.25|
|Bank of India||5.25||5.30||5.30||5.30||5.30|
|Bank of Maharashtra||4.90||4.90||4.90||4.90||4.90|
|Central Bank||4.90||5.00||5.10||5.10||5.10||0.25 percent higher rate on fixed deposits of1111 days for applicants who have received at least one dose of a Covid vaccine|
|IOB||5.15||5.20||5.20||5.20||5.20||444 d 5.20%|
|Punjab National Bank||5.10||5.10||5.10||5.25||5.25|
|Punjab & Sind Bank||5.15||5.15||5.30||5.30||5.30|
|UCO Bank||4.90||5.00||5.00||5.00||5.00||0.30 percent higher rate on fixed deposits of 999 days for applicants who have received at least one dose of a Covid vaccine.|
|State Bank of India||4.90||5.10||5.30||5.40||5.40|
Rate of interest (percent per annum) on term deposits of major private sector banks -at a glance.
Updated on 10.06.2021
|Bank names||1 Year||2 Years||3 Years||5 Years||5+ Years||As appeared on the official websites of the concerned banks as of 10.06.2021|
|Digibank by DBS||4.25||4.55||5.50||5.50||5.50|
|Karur Vysya Bank||5.50||5.50||5.65||5.75||5.75|
|Kotak Mahindra Bank||4.00||4.50||4.60||5.00||5.00|
|South Indian Bank||5.40||5.40||550||5.65||5.50|
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 event 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.