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COMPARE FIXED DEPOSIT INTEREST RATES PAID BY  BANKS IN INDIA


 

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COMPARISON OF FIXED DEPOSIT INTEREST RATES BY INDIAN BANKS -  2015

 

(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 2015 ? Best Rate of Interest on Fixed Deposits in India in 2015 ? Comparative Bank Rates in India. Latest Deposit Rates of Banks in India 2015

 

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 2015 (in the last week of August 2015) :-

 

Name of the Bank Period of the FD Rate of Interest
DCB Bank More than 36 months to 60 months 8.60 %
DCB Bank 24 months to 36 months 8.60 %
Lakshmi Vilas Bank 1 year and above & less than 5 years 8.60 %
Tamilnad Mercantile Bank Ltd 555 days 8.60 %
Tamilnad Mercantile Bank Ltd 5 years-10 years 8.60 %
DCB Bank 13 months to less than 24 months 8.55 %
City Union Bank 1 Years   8.50 %
DCB Bank More than 60 months to 120 months 8.50 %
Lakshmi Vilas Bank 5 years and above 8.50 %
Lakshmi Vilas Bank 271-364 days 8.50 %
Tamilnad Mercantile Bank Ltd 20 Month to 20 Days 8.50 %
Tamilnad Mercantile Bank Ltd 556 Days to 20 Months 20 Days 8.50 %
Tamilnad Mercantile Bank Ltd 1 year-554 days 8.50 %
DCB Bank 12 months to less than 13 months 8.40 %
Dhanalakshmi Bank 365 days & above up to & inclusive of 2 years 8.30 %
Bank of Maharashtra 666 Days / Maha Labh 8.27 %
Bank of Maharashtra 444 Days / Mahanidhi 8.26 %
Andhra Bank 1 year to 3 years 8.25 %
Bank of India 1 Year & above but less than 3 Years 8.25 %
Bank of India 3 Years & above  to less than 5 years 8.25 %
Bank of Maharashtra Above 1 Year to 443 Days and Over 3 Years to 10 Years 8.25 %
State Bank of Hyderabad 1 Years and up to 5 Years 8.25 %

 

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Moreover, some other banks are also offering 8.50% ROI for certain other tenures.  You can check the bank of your choice by clicking the links given below.

 

PS ; In addition to above rate of interest, most of the banks offer from 0.25% to 0.50% 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.   There is also a growing trend to pay higher interest for deposits of  Rs 1 crore and above.  Therefore, if you are bulk depositor, please check the same.

 

 

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.   From April 2012, the banks started reducing the deposits rates, but from August 2013, once again there is a tendency for upward bias for deposit rate of interest.   In the coming weeks / months, these are likely to remain firm. 

 

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. 400 days; 555 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.  

 

 

 

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
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 RBL Bank (Old name is The Ratnakar Bank)
41 UCO Bank
42 Union Bank of India
43 Yes Bank
44 Vijaya Bank

 

 

Foreign Banks

 

S No Name of the Bank
1 Abu Dhabi Commercial Bank
2

Citi Bank

3 China Trust Commercial Bank
4 Deutsche Bank
5 HSBC Bank
6

Standard Chartered Bank

7 Royal Bank of Scotland

 

 

CLICK HERE FOR FIXED DEPOSIT CALCULATOR

 

 

 

Click Here For :  Highest Rate of Interest on Saving Fund Accounts

 

You May Be Interested in Reading  Our Two other popular articles : 

 

    (a) HOT TIPS FOR BANK DEPOSITS          

 

   (b)  HOT TIPS FOR TDS  INTEREST ON BANK DEPOSITS

 

 

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