Category Archives: Rates in Fixed Deposit

Feb 2016: Latest Recurring deposit (RD) interest rates

Latest RD Deposit Interest Rates of Major Banks of India – August 2015. Check interest rates  yearly wise or Rates on Deposits yearly for SBI, HDFC, Ratnakar bank, Allahabad Bank, ICICI Bank, Axis Bank, SBH, Bank of Baroda, Bank of India, Federal Bank, PNb etc

Following are the highest Interest rates on Recurring Deposits based on duration:

  1. For RD duration of 1 Year The Ratnakar Bank offers 8.85% and Lakshmi Vilas Bank offers 8.6%
  2. For 2 years The Ratnakar Bank offers 9.1% and Lakshmi Vilas Bank and DCB Bank offers 8.6%
  3. For 3 to 4 Years the best offer is by The Ratnakar Bank offering 9.0% interest rate
  4. For 5+ Years RD duration the best interest is offered at 9.0% by The Ratnakar Bank and 8.6% by Tamilnad Mercantile Bank Ltd
Banks Name 1 Years 2 Years 3 Years 4 Years 5 Years 5+ Years
Allahabad Bank 8.10% 8.10% 8.10% 8.10% 8.00% 8.00%
Andhra Bank 8.25% 8.25% 8.25% 8.00% 8.00% 8.00%
Axis Bank 8.20% 8.15% 8.15% 8.15% 8.00% 8.00%
Bank of Baroda 8.25% 8.25% 8.25% 8.00% 8.00% 8.00%
Bank of India 8.25% 8.25% 8.25% 8.25% 8.00% 8.00%
Bank of Maharashtra 8.25% 8.25% 8.25% 8.25% 8.25% 8.25%
Canara Bank 8.00% 8.00% 8.00% 8.00% 8.00% 8.00%
Catholic Syrian Bank 8.25% 8.25% 8.10% 8.10% 8.10% 8.10%
Central Bank of India 8.35% 8.25% 8.15% 8.15% 8.15% 8.15%
City Union Bank 8.50% 8.25% 8.25% 8.25% 8.25% 8.00%
Corporation Bank 8.00% 8.00% 8.00% 8.00% 8.00% 8.00%
DCB Bank 8.40% 8.60% 8.60% 8.60% 8.60% 8.50%
Dena Bank 8.25% 8.00% 8.00% 8.00% 8.00% 8.00%
Dhanalakshmi Bank 8.30% 8.30% 8.10% 8.10% 8.10% 8.10%
Federal Bank 8.00% 8.00% 8.00% 8.00% 8.00% 8.00%
HDFC Bank 8.20% 8.20% 8.20% 8.20% 8.20% 8.20%
ICICI Bank 8.00% 8.25% 8.25% 8.25% 8.25% 8.00%
IDBI Bank 8.25% 8.25% 8.25% 8.25% 8.25% 8.25%
Indian Overseas Bank 8.00% 7.75% 7.75% 7.75% 7.75% 7.75%
Indus Ind Bank 8.35% 8.25% 8.25% 8.25% 8.25% 8.25%
J&K Bank 8.25% 8.25% 8.25% 8.25% 8.00% 8.00%
Karnataka Bank 8.35% 8.25% 8.25% 8.25% 8.25% 8.25%
Karur Vysya Bank 8.30% 8.50% 8.50% 8.50% 8.50% 8.50%
Kotak Mahindra Bank 8.20% 8.25% 8.25% 8.25% 8.20% 8.20%
Lakshmi Vilas Bank 8.60% 8.60% 8.60% 8.60% 8.50% 8.50%
Oriental Bank of Commerce 8.00% 7.75% 7.75% 7.75% 7.75% 7.75%
Punjab and Sind Bank 8.15% 8.15% 7.75% 7.75% 7.75% 7.75%
Punjab National Bank 8.10% 8.00% 8.00% 8.00% 8.00% 8.00%
South Indian Bank 8.25% 8.00% 8.00% 8.00% 8.00% 8.00%
State Bank of Bikaner and Jaipur 8.00% 8.00% 7.75% 7.75% 7.75% 7.75%
State Bank of Hyderabad 8.25% 8.25% 8.25% 8.25% 8.25% 8.00%
State Bank of India 7.75% 8.00% 7.75% 7.75% 7.75% 7.75%
State Bank of Patiala 8.52% 8.27% 8.27% 8.27% 8.00% 8.00%
State Bank of Travancore 8.00% 8.00% 8.00% 8.00% 8.00% 7.75%
Syndicate Bank 8.00% 8.00% 8.00% 8.00% 8.00% 7.00%
Tamilnad Mercantile Bank Ltd 8.50% 8.50% 8.50% 8.50% 8.60% 8.60%
The Ratnakar Bank 8.85% 9.10% 9.00% 9.00% 9.00% 9.00%
UCO Bank 8.30% 8.20% 8.20% 8.20% 8.20% 8.20%
Union Bank of India 8.15% 8.00% 8.00% 8.25% 8.25% 8.00%
United Bank of India 7.75% 7.50% 7.50% 7.50% 7.50% 7.50%
Vijaya Bank 8.00% 8.00% 8.00% 8.00% 8.00% 8.00%
Yes Bank 8.25% 8.25% 8.25% 8.25% 8.25% 8.25%

Feb 2016: BEST Fixed Deposit Rates for Senior Citizens

BEST Fixed Deposit Interest Rates August 2015 by top banks for Senior Citizens. Interest Rates Starts from 8% to 10% with time period, Taxable status etc.

 

INSTITUTION GROUP INTEREST % p.a period INVESTMENT (Rs) Investor Type
Bassein Catholic Co-operative Bank Cooperative Banks 10.10 Above 12 Months to 18 Months Rs. 15 lakh and above Senior Citizen
Bharat Co-operative Bank Cooperative Banks 10.00 1 year to 2 years Rs. 15 lakh and above Senior Citizen
Punjab & Maharashtra Co-operative Bank Cooperative Banks 10.00 13 months to 24 months Less than Rs. 25 lakh Senior Citizen
The Ratnakar Bank Indian Private Sector Banks 9.75 12 month to less than 24 month Rs. 1 cr and above to upto Rs 3 cr Senior Citizen
Thane Janata Sahakari Bank Cooperative Banks 9.75 Above 12 months to 36 months Upto Rs. 15 lakh Senior Citizen
Kapole Co-operative Bank Cooperative Banks 9.50 Above 24 months to 36 months Less than Rs. 15 lakh Senior Citizen
Lakshmi Vilas Bank Indian Private Sector Banks 9.50 900 days Up to Rs. 10 cr Senior Citizen
Abhyudaya Co-operative Bank Cooperative Banks 9.50 Above 12 months upto 36 months Less than Rs. 1 cr Senior Citizen
Janakalyan Sahakari Bank Cooperative Banks 9.50 Above 18 months to 36 months Less than Rs. 15 lakh Senior Citizen
Tamilnad Mercantile Bank Indian Private Sector Banks 9.50 5 years to 10 years Less than Rs. 1 cr Senior Citizen
DCB Bank Indian Private Sector Banks 9.40 24 months to 36 months Less than Rs. 1 cr Senior Citizen
Yes Bank Indian Private Sector Banks 9.35 21 Months 10 Days to 21 Months 20 Days Less than Rs. 1cr Senior Citizen
Central Bank of India Public Sector / Nationalized Banks 9.30 777 days Less than Rs. 1cr Senior Citizen
Karnataka Bank Indian Private Sector Banks 9.25 1 year to 2 years Upto Rs. 1 cr Senior Citizen
Nainital Bank Indian Private Sector Banks 9.25 2 years and above but less than 3 years Less than Rs. 15 lakh Senior Citizen
City Union Bank (CUB) Indian Private Sector Banks 9.25 1 year Up to Rs. 1 cr Senior Citizen
Indian Bank Public Sector / Nationalized Banks 9.25 3 years and above upto Rs. 1cr Senior Citizen
Karur Vysya Bank Indian Private Sector Banks 9.25 Above 3 years to 5 years Less than Rs. 1 cr Senior Citizen
Shamrao Vithal Co-operative Bank Cooperative Banks 9.25 500 days (simple int) Less than Rs. 1 cr Senior Citizen
Dhanalakshmi Bank Indian Private Sector Banks 9.20 365 days & above upto and inclusive of 2 years Less than Rs. 1 cr Senior Citizen
Indus Ind Bank Indian Private Sector Banks 9.15 1 year to below 1 years 2 months Above Rs. 15 lakh to Rs. 1 cr Senior Citizen
State Bank of Patiala Public Sector / Nationalized Banks 9.15 1 year to 555 days Less than Rs. 1cr Senior Citizen
State Bank of Mysore Public Sector / Nationalized Banks 9.15 3 year & above upto 10 years Less than Rs. 1 cr Senior Citizen
Oriental Bank of Commerce Public Sector / Nationalized Banks 9.10 1 year to less than 2 years Less than Rs. 1 cr Senior Citizen
Canara Bank Public Sector / Nationalized Banks 9.10 1 year and above to less than 2 years Less than Rs. 1cr Senior Citizen
South Indian Bank Indian Private Sector Banks 9.05 SIB Freedom (15 Months) Less than Rs. 1 cr Senior Citizen
Union Bank of India Public Sector / Nationalized Banks 9.05 1 years Less than Rs. 1 cr Senior Citizen
Bank of Maharashtra Public Sector / Nationalized Banks 9.02 Maha Labh (666 Days) Less than Rs. 1 cr Senior Citizen
Corporation Bank Public Sector / Nationalized Banks 9.00 1 year to less than 1 year and 6 months Less than Rs. 1 cr Senior Citizen
Bank of Baroda Public Sector / Nationalized Banks 9.00 Above 3 Years and upto 5 Years Less than Rs. 1 cr Senior Citizen
HDFC Bank Indian Private Sector Banks 9.00 1 Year 16 days Less than Rs. 1 cr Senior Citizen
Allahabad Bank Public Sector / Nationalized Banks 9.00 3 years to less than 5 years Less than Rs. 1 cr Senior Citizen
ICICI Bank Indian Private Sector Banks 9.00 2 years 1 day upto 3 years Less than Rs. 15 lakh Senior Citizen
Kotak Bank Indian Private Sector Banks 9.00 2 years to 1000 Days Less than Rs. 1 cr Senior Citizen
State Bank of Hyderabad Public Sector / Nationalized Banks 9.00 1 year to less than 2 years Upto Rs. 1 cr Senior Citizen
State Bank of Bikaner and Jaipur Public Sector / Nationalized Banks 9.00 1 year Less than Rs. 1 cr Senior Citizen
Dena Bank Public Sector / Nationalized Banks 9.00 Above 1 year to less than 2 years Less than Rs. 1cr Senior Citizen
Abu Dhabi Commercial Bank Foreign Banks 9.00 1 years and above to less than 2 years Upto Rs. 15 lakh Senior Citizen
Bombay Mercantile Co-operative Bank Cooperative Banks 9.00 Above 1 year to less than 2 years Less than Rs. 1cr Senior Citizen
J&K Bank Indian Private Sector Banks 9.00 3 years to less than 5 years Less than Rs. 1 cr Senior Citizen
UCO Bank Public Sector / Nationalized Banks 9.00 Above 2 years upto 3 years less than Rs. 1 cr Senior Citizen
Bank of India Public Sector / Nationalized Banks 9.00 3 Years to less than 5 years Less than Rs. 1 cr Senior Citizen
Andhra Bank Public Sector / Nationalized Banks 9.00 Above 2 years to 3 years Less than Rs. 1 crore Senior Citizen
Federal Bank Indian Private Sector Banks 9.00 1 year only Less than Rs. 1 cr Senior Citizen
Vijaya Bank Public Sector / Nationalized Banks 9.00 3 years to less than 5 years Less than Rs. 1 cr Senior Citizen
State Bank of Travancore Public Sector / Nationalized Banks 9.00 1 year to less than 2 years Less than Rs. 1cr Senior Citizen
Saraswat Co-operative Bank Cooperative Banks 9.00 Above 36 months up to 60 months 1 crore and above but below Rs. 3 cr Senior Citizen
Punjab and Sind Bank Public Sector / Nationalized Banks 9.00 1 year to 2 years Less than Rs. 1cr Senior Citizen
Syndicate Bank Public Sector / Nationalized Banks 9.00 1 year exact Less than Rs. 1cr Senior Citizen
IDBI Bank Public Sector / Nationalized Banks 8.95 1 yrs to less than 2 yrs less than Rs. 1cr Senior Citizen
Axis Bank Indian Private Sector Banks 8.90 17 months to less than 18 months Above Rs. 1 cr to 5 cr Senior Citizen
Indian Overseas Bank Public Sector / Nationalized Banks 8.75 1 year to less than 2 years Upto Rs. 25 lakh Senior Citizen
Punjab National Bank Public Sector / Nationalized Banks 8.75 1 year Less than Rs. 1 cr Senior Citizen
Zoroastrian Co-operative Bank Cooperative Banks 8.75 15 months only Less than Rs. 1 cr Senior Citizen
United Bank of India Public Sector / Nationalized Banks 8.75 5 years and above Less than Rs. 5 cr Senior Citizen
State Bank of India (SBI) Public Sector / Nationalized Banks 8.50 3 years to less than 5 years Less than Rs. 1 cr Senior Citizen
Citi Bank Foreign Banks 8.25 365 days to 400 days Less than Rs. 1 cr Senior Citizen
HSBC Foreign Banks 8.25 90 days to 93 days Less than Rs. 1cr Senior Citizen
Royal Bank of Scotland Foreign Banks 8.25 151 days upto 187 days Less than Rs. 1 cr Senior Citizen

Banks Interest Rates above 10% on Fixed Deposit 2015

BANK NAME Category INTEREST % p.a Time PERIOD INVESTMENT Amount TYPE OF INVESTOR Tax status
Kapole Co-operative Bank Cooperative Banks 10.10 500 days Less than Rs. 15 lakh General Taxable Calculate Interest Rates
Punjab & Maharashtra Co-operative Bank Cooperative Banks 10.00 13 months to 24 months Less than Rs. 25 lakh General Taxable Calculate Interest Rates
Bharat Co-operative Bank Cooperative Banks 10.00 300 days Less than Rs. 15 lakh General Taxable Calculate Interest Rates
Abhyudaya Co-operative Bank Cooperative Banks 10.00 15 months Less than Rs. 15 lakh General Taxable Calculate Interest Rates

Latest Bank Fixed Deposit Interest Rates in India September 2014

At present most of bank offers interest rates on fixed deposits between 7.25% to 10.10%. But if we compare last two months then major bank cut in interest rates of fixed deposits(Axis Bank, Bank of Baroda, ICICI Bank, Federal Bank and Allahabad Bank) whether there are only two banks have increased the rates on fixed deposits marginally (Bank of Maharashtra and Corporation Bank).

Interest Rates on Fixed Deposits As Per September 2014

Bank Name Interest Rates PERIOD Investment TAX STATUS
Kapole Co-operative Bank 10.10 500 days Less than Rs. 15 lakh Taxable
Lakshmi Vilas Bank 9.30 1 year Up to Rs. 1 cr Taxable
Shamrao Vithal Co-operative Bank 9.50 500 days (simple int) Less than Rs. 1 cr Taxable
South Indian Bank 9.50 SIB 400 (400 days) less than Rs. 1 cr Taxable
The Ratnakar Bank 9.75 12 month to less than 24 month less than lakh to Rs. 1 cr Taxable
Dhanalakshmi Bank 9.15 375 less than Rs. 1 cr Taxable
Yes Bank 9.00 15 Months 15 days to 16 Months Less than Rs. 1cr Taxable
Syndicate Bank 9.05 1 years Less than Rs. 1cr Taxable
Indian Overseas Bank 9.00 1 year to less than 2 years Upto Rs. 1 crore Taxable
Bank of Maharashtra 9.00 1 years above Rs. 5 cr Taxable
Punjab National Bank 9.00 1 year Less than Rs. 1 cr Taxable
Abu Dhabi Commercial Bank 9.00 1 years and above to less than 2 years upto Rs. 15 lakh Taxable
Union Bank of India 9.00 1 years less than Rs. 1 cr Taxable
Vijaya Bank 9.00 above 1 year to less than 2 years Less than Rs. 1 cr Taxable
Allahabad Bank 9.00 1 year to less than 2 years Less than Rs. 5 cr Taxable
Janakalyan Sahakari Bank 9.00 Above 12 months to 18 months Less than Rs. 15 lakh Taxable
United Bank of India 9.00 1 years to less than 2 years Less than Rs. 5 cr Taxable
Standard Chartered Bank 9.00 376 days to 390 day less than Rs. 1 cr Taxable
State Bank of Hyderabad 9.00 1 year to less than 2 years less than Rs. 1cr Taxable
Kotak Bank 9.00 365 days to 389 days less than Rs. 1 cr Taxable
HDFC Bank 9.00 1 year 1 day to 1 year 15 days Less than Rs. 1 cr Taxable
Nainital Bank 9.00 1 year and above up to 400 days Less than Rs. 15 lakh Taxable
Oriental Bank of Commerce 9.00 1 year to less than 2 years Less than Rs. 1 cr Taxable
Central Bank of India 9.00 555 days Less than Rs. 1cr Taxable
Axis Bank 9.00 1 year to less than 13 months Less than Rs. 15 lakh Taxable
State Bank of Patiala 8.85 555 days Less than Rs. 15 lakh Taxable
Corporation Bank 8.75 12 months Less than Rs. 1 crore Taxable
J&K Bank 8.75 1 year to less than 2 years Less than Rs. 1 cr Taxable
HSBC 8.75 365 days Less than Rs. 1cr Taxable
Dena Bank 8.75 365 days less than Rs. 1cr Taxable
State Bank of Travancore 8.75 1 year to less than 2 years Less than Rs. 1cr Taxable
State Bank of India (SBI) 8.75 1 year to less than 2 years Above Rs. 1 Cr Taxable
Development Credit Bank 8.75 1 years to less than 13 months Less than Rs. 1 cr Taxable
Canara Bank 8.75 1 year and above to less than 2 years Less than Rs. 1cr Taxable
Federal Bank 8.75 1 Year to 399 days Less than Rs. 1 cr Taxable
Deutsche Bank 8.50 Above 1 year to 1.5 years Less than Rs. 1 cr Taxable
Zoroastrian Co-operative Bank 8.50 ZorStar Deposit 455 days Less than Rs. 1 cr Taxable
Saraswat Co-operative Bank 8.00 Above 1 year up to 18 months Less than Rs. 1 cr Taxable
ICICI Bank 8.00 1 year to 389 days less than Rs. 1 cr Taxable
Bombay Mercantile Co-operative Bank 8.00 Above 1 year to 18 months Less than Rs. 1cr Taxable
Citi Bank 8.00 365 days to 400 days Less than Rs. 1cr Taxable

OBC Increase Rates on Fixed Deposits by up to 2.25%

Oriental Bank of Commerce (OBC) on Thursday raised the deposit rates by up to 2.25 per cent for FDs of short-term maturities.

The fixed deposit rate for maturities ranging from one-month to 45 days has been raised to 7.25 per cent from 5 per cent, OBC said in a statement

The revised FD rates, to apply for deposits below Rs 1 crore, will come into effect from tomorrow, it said.
OBC, however, has kept the deposit rates for maturities of above one year unchanged.