(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 an alphabetic order. The table at the right side of the banks’ name shows the interest rate for domestic deposits of below two crore 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 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 22.02.2020
|Bank names||1 Year||2 Years||3 Years||5 Years||5+ Years||Special rates
|Bank of Baroda||6.00||6.00||6.00||6.25||6.00||above three years up to five years 6.25% above five years 6.00%|
|Bank of India||6.30||6.25||6.25||6.25||6.25|
|Bank of Maharashtra||6.00||6.00||5.75||5.50||5.50||Above 3 yrs 5.50%|
|Corporation Bank||6.30||6.25||6.25||6.25||6.25||1 year to 665days 6.30%, 555 days only 6.35% ,666 days6.45%, above 667 days6.25%|
|IDBI Bank||6.30||6.25||6.25||6.25||6.25||1111 days 6.40%|
|Indian Overseas Bank||6.30||6.35||6.25||6.25||6.25||444 days 6.40%|
|Oriental bank of commerce||6.25||6.25||6.25||6.25||6.25|
|Punjab National Bank||6.75||6.75||6.75||6.50||650|
|Punjab & Sind Bank||6.05||6.05||6.05||6.05||6.05|
|Syndicate Bank||6.30||6.30||6.25||6.25||6.25||Above 1 Year to up to 2 years 6.30 %|
|Union Bank||6.10||6.10||6.20||6.20||6.20||444 days to 554 days 6.10%, 555 days 6.25%|
|State Bank of India||6.00||6.00||6.00||6.00||6.00|
Deposit rates 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 on 22.02.2020|
|Axis Bank||6.40||6.50||6.50||6.50||6.50||above 18 months 6.50%|
|Federal Bank||6.40||6.40||6.40||6.40||6.40||20 months 6.50%|
|HDFC Bank||6.30||6.30||6.40||6.30||6.30||above 2 yr to 3 yrs 6.40%|
|Karnataka Bank||6.50||6.50||6.40||6.40||6.30||above 5 years 6.30%|
|Karur Vysya Bank||6.25||6.30||6.30||6.30||6.30|
|Kotak Mahindra Bank||6.20||6.20||6.10||6.10||6.00||above 5 years 6.00%|
|South Indian Bank||6.40||6.55||6.40||6.40||6.40||above 2 years 6.40%|
Disclaimer: Public Sector Banks are the banks where 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 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 Citizen over and above the rate of interest admissible to general public. Senior Citizens are therefore required to check the additional interest offered to them by the concerned bank before depositing their money.