Which banks are paying highest rate of interest on deposits

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COMPARE FIXED DEPOSIT INTEREST RATES PAID BY BANKS IN INDIA

COMPARISON OF FIXED DEPOSIT INTEREST RATES BY INDIAN BANKS - 2012

(Check Highest Rate of Interest Paid by Banks in India / Maximum Rate of Interest Paid by Indian Banks. Best Fixed Deposit Rates by Banks)

Which Banks Pay the Highest Rate of Interest on Fixed Deposits in 2012 ? Best Rate of Interest on Fixed Deposits in India in 2012 ? Comparative Bank Rates in India. Latest Deposit Rates of Banks in India 2012

We give below the Highest Rate of Interest or the maximum rate of interest on Fixed Deposits in certain buckets offered by banks in India in 2012 (in the first week February, 2012) :-

Name of the Bank	Period of fixed Deposit	Rate of Interest (%)
Lakshmi Vilas Bank (LVB)	1 year to less than 2 years	10.50
Catholic Syrian Bank	991 days	10.25
Tamilnad Mercantile Bank (TMB)	1 yr to 2 yrs	10.25
Catholic Syrian Bank	375 days to 990 days	10.10
Dhanalakshmi Bank	3 years to 5 years	10.10
Catholic Syrian Bank	91 Months	10.00
South Indian Bank	300 days	10.00
The Ratnakar Bank	1 year to 2 Years	10.00
Tamilnad Mercantile Bank (TMB)	5 years-10 years	10.00
City Union Bank (CUB)	1 years to less than 3 years	10.00
Karur Vysya Bank	1 yr to 2 yrs	10.00
DCB Bank	18 Months	10.00

PS ; In addition to above rate of interest, most of the banks offer upto 0.5% extra to senior citizens The above chart only gives a rough idea as to which banks are offering highest rate of interest in a particular bucket on a particular date. The above banks may not be offering the best rate of interest on fixed deposits in all other buckets / periods.

CLICK HERE FOR FIXED DEPOSIT CALCULATOR

Comparing rate of interests of banks in India for last few years indicate that they have been quite volatile. In 2010, the rate of interest started again going up as banks were short of funds. In the early 2011, these have further hardened. There has been very frequent changes by not only foreign banks but also by Public Sector Banks and it becomes extremely difficult to keep updated data as most banks do not inform the media about the changes, and some even do not update their websites promptly. Moreover, now a days there are no standard buckets across all banks. Some banks are offering very high rate of interest for a particular segments based on some odd days (e.g. 333 days, 400 days; 555 days; 1111 days etc. etc.) It becomes all the more difficult to compare such rates in a single chart. Therefore, for the time being, we have withdrawn the comparative charts of fixed deposits across all maturities. Therefore, it is advised to check up with the respective Bank before final decision is taken up for deposits. To make the life a bit easier for you, we give below the links for some major banks which will take you directly to the relevant page of interest rates of that bank.

Click Here to know : Highest Rate of Interest on Saving Fund Accounts

DIRECT LINKS FOR FIXED DEPOSIT RATES FOR MAJOR BANKS

S.No.	Name of the Bank
1	Allahabad Bank
2	Andhra Bank
3	Axis Bank
4	Bank of Baroda
5	Bank of India
6	Bank of Maharashtra
7	Canara Bank
8	Catholic Syrian Bank
9	Corporation Bank
10	Central Bank of India
11	City Union Bank
12	DCB Bank
12	Dena Bank
13	Dhanalakshmi Bank
14	Federal Bank
15	HDFC Bank
16	ICICI Bank
17	IDBI Bank
18	Indian Bank
19	Indian Overseas Bank
20	Indus Ind Bank
21	Indian Bank
22	Indian Overseas Bank
23	ING Vysya Bank
24	J&K Bank
25	Karnataka Bank
26	Karur Vysya Bank
27	Kotak Bank
28	Lakshmi Vilas Bank
29	Oriental Bank of Commerce
30	Punjab National Bank
31	Punjab and Sind Bank
32	South Indian Bank
33	State Bank of Bikaner and Jaipur
34	State Bank of Hyderabad
35	State Bank of India
36	State Bank of Patiala
37	State Bank of Travancore
38	Syndicate Bank
39	Tamilnad Mercantile Bank Ltd
40	The Ratnakar Bank
41	UCO Bank
42	Union Bank of India
43	Vijaya Bank

Foreign Banks

S No	Name of the Bank
1	Abu Dhabi Commercial Bank
2	Bank of Ceylon
3	Citi Bank
4	China Trust Commercial Bank
5	Deutsche Bank
6	HSBC Bank
7	Standard Chartered Bank
8	Scotia Bank
9	Royal Bank of Scotland

CLICK HERE FOR FIXED DEPOSIT CALCULATOR

Click Here For : (a) Who charges Lowest Rate of interest on Home Loan / Housing Loans

(b) Who charges Lowest Rate of interest on Auto Loan / Car loans

(c) Highest Rate of Interest on Saving Fund Accounts