Fixed Deposit Rates in India

Within India, a fixed interest investment product offered by banks as alternative to savings account are most often called fixed deposits but occasionally term deposits as well. This product is similar to others offered by banks around the world but with different name conventions such as time deposit in China or certificate of deposit in the United States.

The deposit rates set in India can differ between Indian banks and can rise and fall depending on many factors which may include bank liquidity and regulatory requirements, monetary policy rates set by the Reserve Bank of India (rbi.org.in), competition and net interest margin profitability by banks.

The rate for a fixed deposit account can tend to be higher than a savings account but be illiquid depending on the term/tenture.

Best FD Interest Rates in India

Deposit Account Term APY
Canara Bank 1 Year Fixed Deposit1 year9.58% Aug, 2014
Bharatiya Mahila Bank Standard 1 Year Term Deposit1 Year9.15% Aug, 2014
IBDI Bank 1 Year Fixed Deposit1 year9.10% May, 2014
Dena Bank Standard Term Deposit1 Year Term Deposit9.10% Sep, 2014
Bank of India 1 Year Term Deposit1 year9.05% Aug, 2014
PNB 1 Year Fixed Deposit1 year9.00% Aug, 2014
IBDI Bank 6 Month Fixed Deposit6 month9.00% Aug, 2014
SBI 2 Year Fixed Deposit2 year9.00% Aug, 2014
HDFC 1 Year Fixed Deposit1 year9.00% Aug, 2014
Union Bank of India 1 Year Fixed Deposit1 year9.00% Aug, 2014
Indian Bank Standard Term Deposit1 Year9.00% Aug, 2014
Andhra Bank Standard Term Deposit1 Year Term Deposit9.00% Sep, 2014
Axis Bank 1 Year Fixed Deposit1 year8.90% Aug, 2014
HDFC 6 Month Fixed Deposit6 month8.75% Aug, 2014
SBI 4 Year Fixed Deposit4 year8.75% Aug, 2014
SBI 3 Year Fixed Deposit3 year8.75% Aug, 2014
Bank of Baroda 1 Year Fixed Deposit1 year8.75% Aug, 2014
IBDI Bank 3 Month Fixed Deposit3 month8.50% Aug, 2014
SBI 5 Year Fixed Deposit5 year8.50% Aug, 2014
SBI 10 Year Fixed Deposit10 year8.50% Aug, 2014
Axis Bank 6 Month Fixed Deposit6 month8.50% Aug, 2014
HSBC India 1 Year Fixed Deposit1 year8.25% Aug, 2014
SBI 1 Year Fixed Deposit1 year8.25% May, 2014
HDFC 3 Month Fixed Deposit3 month8.25% Aug, 2014
ICICI 1 Year Fixed Deposit1 year8.00% Aug, 2014
Axis Bank 1 Year Fixed Deposit3 month8.00% Aug, 2014
Citibank India 1 Year Fixed Deposit1 year7.98% Aug, 2014
SBI 3 Month Fixed Deposit3 month7.75% May, 2014
SBI 6 Month Fixed Deposit6 month7.75% May, 2014
SBI 11 Month Fixed Deposit11 month7.50% Aug, 2014
SBI 9 Month Fixed Deposit9 month7.50% Aug, 2014
SBI 10 Month Fixed Deposit10 month7.50% Aug, 2014
SBI 8 Month Fixed Deposit8 month7.50% Aug, 2014
SBI 5 Month Fixed Deposit5 month7.50% Aug, 2014
Bank of Baroda 6 Month Fixed Deposit6 month7.25% Aug, 2014
SBI 7 Month Fixed Deposit7 month7.00% Aug, 2014
SBI 4 Month Fixed Deposit4 month7.00% Aug, 2014
SBI 1 Month Fixed Deposit1 month6.50% Aug, 2014
SBI 2 Month Fixed Deposit2 month6.50% Aug, 2014
SBI 7 Day Fixed Deposit7 Day6.50% Aug, 2014