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 Type Term APY Account Details
Canara Bank 1 Year Fixed Deposit 1 year 9.42% - INR - Feb, 2014 More Info
Bank of India 1 Year Term Deposit 1 year 9.05% - The rate applies for a period of  - INR - Apr, 2014 More Info
Axis Bank 1 Year Fixed Deposit 1 year 9.00% Rate is for 1 year to less than 13 months for requiring above RS. 3 Crores to less than RS. 5 Cro - INR - Apr, 2014 More Info
IBDI Bank 1 Year Fixed Deposit 1 year 9.00% Rate is applicable for the 'Resident Term Deposits & NRO Deposits' product and is less than R - INR - Feb, 2014 More Info
HDFC 1 Year Fixed Deposit 1 year 9.00% Interest Rate is applicable for Deposits less than Rs. 1 Cr for the period 1 year 1 day - 1 year - INR - Mar, 2014 More Info
PNB 1 Year Fixed Deposit 1 year 9.00% Interest Rate for this Punjab National Bank deposit is for a 1 year term and domestic TD deposit - INR - Feb, 2014 More Info
Bank of Baroda 1 Year Fixed Deposit 1 year 9.00% The interest rate applies for a maturity range of 1 year for deposit (per annum) of above Rs 100 - INR - Apr, 2014 More Info
Union Bank of India 1 Year Fixed Deposit 1 year 9.00% Rate is applicable for the FD account product and for the term of 1 year. Depending on the deposi - INR - Feb, 2014 More Info
HDFC 6 Month Fixed Deposit 6 month 8.75% The latest FD Interest Rate below is applicable to of less than Rs. 1 Cr for the period 6 months - INR - Mar, 2014 More Info
Axis Bank 6 Month Fixed Deposit 6 month 8.75% The interest yield is applicable for the maturity from 6 months but less than 7 months requiring - INR - Apr, 2014 More Info
IBDI Bank 6 Month Fixed Deposit 6 month 8.50% The IDBI FD Rate is applicable for the 'Resident Term Deposits & NRO Deposits' product and le - INR - Feb, 2014 More Info
IBDI Bank 3 Month Fixed Deposit 3 month 8.50% The Interest Rate below is for the FD product 'Resident Term Deposits & NRO Deposits' and is - INR - Feb, 2014 More Info
Axis Bank 1 Year Fixed Deposit 3 month 8.50% Rate for this deposit is for 3 months ranging to less than 4 months for deposits on Rs. 3 Crores - INR - Apr, 2014 More Info
SBI 1 Year Fixed Deposit 1 year 8.25% Applicable for a term ranging from 1 year to less than 2 years and for Deposit amounts 'One Crore - INR - Feb, 2014 More Info
HSBC India 1 Year Fixed Deposit 1 year 8.25% Interest rate for fixed deposit is for deposits below INR 15 lacs for the term of 12 months / 1 y - INR - Feb, 2014 More Info
HDFC 3 Month Fixed Deposit 3 month 8.25% The HDFC FD Interest Rate is applicable for Deposits less than Rs. 1 Cr for the period 91 Days to - INR - Mar, 2014 More Info
Citibank India 1 Year Fixed Deposit 1 year 8.24% This interest rate is applies to over a 1 year / 12 month, term ranging 365 days - 400 days. This - INR - Feb, 2014 More Info
ICICI 1 Year Fixed Deposit 1 year 8.00%  The interest rate is for a 1 year domestic deposit with a balance less than Rs. 1 Crore for - INR - Feb, 2014 More Info
SBI 3 Month Fixed Deposit 3 month 7.75% The FD interest rate is applicable for a term ranging from 61 to 1 year and for balance 'One Cror - INR - Feb, 2014 More Info
SBI 6 Month Fixed Deposit 6 month 7.75% - INR - Feb, 2014 More Info
Bank of Baroda 6 Month Fixed Deposit 6 month 7.30% This interest yield indicated has a maturity range from 91 to 180 days and requires a deposit amo - INR - Apr, 2014 More Info