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Current Bank FD Rates In India: Compare The FD Rates Here

Current Bank FD Rates In India: One of the best ways to secure your Hard Earn money is by investing in fixed deposits (FD) which not only helps you to save money but also helps you to earn a Some interest in it.

Current Bank FD Rates In India: Compare All Banks FD Rates (Fixed Deposit Interest Rates)

Current Bank FD Rates In India help the depositor to get a good Return on their Investment over a specific tenure. Under the fixed deposit scheme, the depositor deposits their money only once at the time of opening the account. The interest rates offered depends on the bank, deposit amount and the tenure you choose.

At the end of the period, the interest is calculated on the principal amount and the total amount is paid back to the depositor. The tenure of FD (Fixed Deposits) may range from minimum 7 days to 10 years. In the next section, we have listed some of the banks that offer competitive FD interest rates.

BanksFD Interest RatesTenure
SBI2.90% – 5.40%7 days to 10 years
Canara Bank2.95% – 5.30%7 days to 10 years
HDFC2.50% – 5.50%7 days to 10 years
PNB Housing Finance6.20% – 6.70%12 months to 120 months
ICICI Bank2.50% – 5.50%7 days to 10 years
Axis Bank2.50% – 5.50%7 days to 10 years
IDFC First Bank2.75% – 5.75%7 days to 10 years
Current Bank FD Rates In India

Deposit amount: Banks provide a comparatively lower rate of interest on bulk deposits exceeding Rs. 1. crore and higher rates on deposits less than 1 crore. DHFL Bank is one of the highest interest offering banks and provides up to 9.25% for fixed deposits.

The fixed deposit interest rates are determined by changes in the RBI monetary policy such as the repo rate, base rate, internal liquidity position of banks, credit demand, economic conditions, etc. The factors on which the bank FD rates vary are the deposited amount, deposit tenure and the type of depositor.

BankFD Interest RateSenior Citizen FD Interest Rates
SBI2.90% – 5.40%3.40% – 6.20%
ICICI Bank2.50% – 5.50%3.00% – 6.30%
HDFC Bank2.50% – 5.50%3.00% – 6.25%
Axis Bank2.50% – 5.50%2.50% – 6.00%
IDFC First Bank2.75% – 5.75%3.25% – 6.25%
Kotak Bank2.50% – 4.50%3.00% – 5.00%
Bank of Baroda2.90% – 5.30%3.40% – 5.80%
Citibank2.75% – 3.75%3.25% – 4.25%
IDBI Bank2.90% – 4.80%3.40% – 5.65%
Indian Bank2.90% – 5.15%3.40% – 6.25%
OBC3.00% – 5.25%3.75% – 6.00%
Allahabad Bank2.90% – 5.15%3.40% – 5.65%
PNB3.00% – 5.25%3.75% – 6.00%
PNB Housing Finance6.20% – 6.70%6.45% – 6.95%
Indian Overseas Bank3.40% – 5.20%3.90% – 5.70%
Andhra Bank3.00% – 5.40%3.50% – 5.90%
Bank of India3.25% – 5.30%3.75% – 5.80%
Bank of Maharashtra3.00% – 4.90%3.00% – 5.40%
Canara Bank2.95% – 5.30%2.95% – 5.80%
Punjab and Sind Bank3.25% – 5.30%3.75% – 5.80%
Central Bank of India2.75% – 5.00%3.25% – 5.50%
UCO Bank2.75% – 4.85%3.00% – 5.35%
Union Bank of India3.00% – 5.40%3.50% – 5.90%
DHFL8.50% – 9.25%9.00% – 9.75%
Lakshmi Vilas Bank3.60% – 6.00%3.60% – 6.50%
United Bank of India3.00% – 5.25%3.75% – 6.00%
Karnataka Bank3.50% – 5.70%3.90% – 6.10%
DBS Bank2.50% – 5.50%2.50% – 5.50%
Jammu And Kashmir Bank3.00% – 5.30%3.50% – 5.80%
Karur Vysya Bank3.50% – 5.65%3.50% – 6.15%
Yes Bank3.50% – 6.50%4.00% – 7.00%
Syndicate Bank2.95% – 5.30%2.95% – 5.80%
Standard Chartered Bank2.50% – 5.50%2.50% – 6.00%
Dhan Laxmi Bank3.50% – 5.60%4.00% – 6.10%
Bajaj Finserv6.10% – 6.60%6.35% – 6.85%
LIC Housing Finance5.50% – 5.60%5.75% – 5.85%
Federal Bank2.50% – 5.50%3.00% – 6.00%
Corporation Bank3.00% – 5.40%3.50% – 5.90%
IndusInd Bank3.25% – 6.75%3.75% – 7.25%
RBL Bank3.25% – 6.50%3.75% – 7.00%
HSBC Bank2.25% – 4.00%2.75% – 4.50%
DCB Bank4.75% – 6.95%5.25% – 7.45%
Bandhan Bank3.00% – 5.75%3.75% – 6.50%
South Indian Bank3.50% – 5.50%4.00% – 6.00%
Current Bank FD Rates In India

Tenure of the Deposit: Deposits with shorter time period are often offered a lower rate of interest than those having a longer time period. For instance, the highest FD interest rates offered by SBI FD Rates on a 7 days is 2.9% whereas for a 5 years FD, it offers 5.40%

Type of the Depositor: All the banks in India offer a comparatively higher interest rate on senior citizens’ fixed deposits. Currently, banks offer a rate of interest ranging from 3.50% – 9.25% on senior citizens FDs depending on the deposit amount and the deposit tenure.

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