India Interest Rates

India's economy with a population of 1.19 billion (Est 2010) ranks 4th in the world with a GDP PPP of 3.5 trillion and GDP PPP per capita of 3,015 vs 45,934 (United States) according to the IMF in 2009. Its currency is the Indian Rupee (INR). Bank deposits held for a fixed term in India are called term deposit or fixed deposits. According to CIA.gov its inflation was 8.3% in 2008 and 10.9% in 2009.

Read More

India Bank Interest Rates

Showing rates for 38 Bank, 1 Bank and 1 P2P deposit providers in India.
BankBranchFounded1 Year RateOwnership
SBI100001806.7.00%Local
PNB600018957.00%Local
Bank Of Baroda471819086.75%Local
Bank Of India454519066.90%Local
Central Bank Of India433619117.25%Local
Canara Bank376519067.19%Local
Union Bank Of India350019197.65%Local
Indian Overseas Bank325719377.50%Local
Syndicate Bank293019257.41%N/A
HDFC Bank256419947.65%N/A

Retail banking in India is dominated by many large pubic sector banks and private sector banks. Other banks available include co-operative banks, regional rural banks and foreign banks

Largest Banks in India
Public sector banks dominate the countries with around 75% bank assets with top public sector banks including 
SBI, the largest bank in India as well as Bank of Baroda, PNB, Bank of India and Canara Bank. For the private sector banks, HDFC and ICICI dominate as well Axis, Kotak Mahindra and IndusInd Bank. All these banks have thousands of branches and ATMs across the country.

Foreign Banks
With a significantly smaller branch network compared to national banks in the country but with more international banking options include Standard Chartered Bank, HSBC, Citibank and Barclays India have retail operations for residents, expats and (NRI) Non resident Indians.

Regulations
In India, the RBI (rbi.org.in) is the regulator of the Indian financial system and the Financial Intelligence Unit (http://fiuindia.gov.in) is the government agency responsible for dessimination and investigations of suspect financial transactions against money laundering and related crimes.