Best Fixed Deposit Interest Rates of Banks

Comparison of Best Fixed Deposit (Term Deposit) Interest Rates of Banks (Updated as on 22-08-2012) for Resident Indians for an amount below Rs.1 Crore. (To know more details for other Tenors/ Periods, amounts etc. click on the respective Name of the Bank)

•  AA Sr. no. 3 – BOB – For senior citizens the period is & years 1 month n 19 days.
• @ Sr No.  4 – BOI -  Additional interest for Senior Citizen will be 0.50% for period 6 months to < 5 Years, 0.70% for 5 years  to < 8 Years and 0.80 % for 8 years to 10 years.
• $ Sr No.  6 –  Canara  Bank-  .
• a Sr. No. 7 – CBI - Cent Super Plus (555 days) and Cent Double schemes are valid upto 30th June 2013 only.
• ^ Sr No.10 – Indian Bank - In case of a deposit of 15 lacs & above for a period of 1 Years to < 3 years the ROI will be 9.25% for general public and 9.75% for senior citizens.
• > Sr No.11 – IOB – For Special deposits exceeding Rs.25 lacs Card Rate will only apply without the benefit of additional rate for Senior Citizens.
• + Sr No. 15 – PNB – For a deposit of less than Rs.15 lacs ROI will be 0.05% less.
• ? Sr No 17 – UBI – The above ROI is applicable for an amount Less than Rs. 15 lacs.  If the amount is Rs.15 lcas and above to < Rs. 1 crore ROI will be 8.75 for period of >3 Years to 90 months.
• x Sr. no. 22 – SBI – W.e.f. 07-09-2012. These rates are applicable for single term deposits of Rs 15 lacs and above (but less than Rupees one crore). The ROI for deposits below Rs.15 lacs are a) for tenor of 7 to less than 1 year  - 6.50%, One year to less than 5 years – 8.50%, 5 years to 10 years – 8.50%
• b Sr. No. 23 – SBM – This ROI is applicable for deposit of above Rs.15 lacs. For deposit upto Rs. 15 lacs ROI will be -15 days to 45 days – 6.25%, 46 days to 90 days – 6.50%, 91 days to 179 days – 8%. Accordingly 0.50% additional ROI for senior citizens.
• ! Sr No. 25 – SBT - If the deposit is more than Rs.15 Lacs to < Rs.1 Crore interest will be higher by 10 basis points from 500 days onwards.
• < Sr No. 30 – Kotak Mahindra – .
• # Sr No. 32 – KVB – Maximum ceiling limit for acceptance of senior citizens deposits is Rs. 10 crores.
• % Sr No. 33 – ING – Differential Interest rate for Senior Citizen is available for deposit of maximum Rs. 30 Lacs only.
• & Sr no. 34 – Dhanlaxmi – For 500 days tenor additional 0.50% for Senior Citizens will not be available for deposits above Rs.15 lacs to below Rs. 1 crore.
• * Sr. no. 36 – Federal bank – .

Disclaimer : While every care and precaution has been taken by us in compiling the above information error free from the websites of the Banks/ Press releases / advertisements etc. readers are advised in their own interest to note that www.thebankingbible.com do not own any responsibility whatsoever for any mistake that might have crept in compiling the above information. However, we shall be  obliged if discrepancies/ mistakes, if any, are brought to our notice. As Interest Rates are subject to change from time to time, readers are requested to verify the same from the respective bank before investing.

Wishing You A Happy Investing.

For Comparison of NRE Fixed Deposit Interest Rates of Banks Click Here

For updated Base Rate of all Banks see Comparison of Base rates of Banks