A Bank branch in India
BANK FIXED DEPOSIT INTEREST RATES IN INDIA
COMPARITIVE BANK INTEREST RATES
PLAN N PROGRESS compares interest rates of various banks .
1. We have selected periods of 1 year and 5 years for comparision of interest rates offered by Indian commercial bnaks including Public Sector banks , Private Sector Banks and Foreign banks with a network of branches and also Small Finance banks , new breed of banks in India . Below tables give information on interest rates offered by various banks .
2 . The interest rates are on retail term deposits for public and senior citizens .
3. Normally interest rates quoted are valid for an amount of less than Rs 1 crore .
4. For actual terms and conditions and the latest rates , you may visit the websites of the banks listed at the end alphabetically .
5. The rates taken by us are an or about 15th february , 2019 and are subject to change .
FOR ONE YEAR DEPOSITS
6. Among the public sector banks , IDBI Bank pays highest rate of 7.25 % for 1 year deposits for public and 7.75 % for senior citizens . Among private sector banks , RBL Bank pays highest rate of 8.00 % for 1 year deposits for public and 8.50 % for senior citizens . Among Foreign Banks , Standard Chartered Bank pays highest rate of 7.4 % for 1 year for public and senior citizens . The highest yield on Bank Deposits come generally from small finance banks . ESAF Small finance Bank pays 8.75 % for 1 year public deposits and 9.25 % for senior citizens
FOR 5 YEAR DEPOSITS
7 . Mostly banks pay less for 5 year term deposits compared to 1 year deposits . Public secor bansk pay between 6.2 % to 6 85 % for 5 year term depoisits ( 6.5 % to 7.35 % for senior citizens ) while private sector banks pay 6.5 % to 7.5 % to public ( 7.00 % to 8.35 % for senior citizens ) . Small finance banks pay between 7.00 % to 8.5 % for public and 7.5 % to 9.10 % for senior citizens .
8. There are NBFC companies , co-operative societies and corporates who pay higher interest rates , but have higher risk weaightages .
9 . DICGC covers maximum of Rs 1.00 lakhs on Bnak Deposits as insurance .
2 . The interest rates are on retail term deposits for public and senior citizens .
3. Normally interest rates quoted are valid for an amount of less than Rs 1 crore .
4. For actual terms and conditions and the latest rates , you may visit the websites of the banks listed at the end alphabetically .
5. The rates taken by us are an or about 15th february , 2019 and are subject to change .
FOR ONE YEAR DEPOSITS
6. Among the public sector banks , IDBI Bank pays highest rate of 7.25 % for 1 year deposits for public and 7.75 % for senior citizens . Among private sector banks , RBL Bank pays highest rate of 8.00 % for 1 year deposits for public and 8.50 % for senior citizens . Among Foreign Banks , Standard Chartered Bank pays highest rate of 7.4 % for 1 year for public and senior citizens . The highest yield on Bank Deposits come generally from small finance banks . ESAF Small finance Bank pays 8.75 % for 1 year public deposits and 9.25 % for senior citizens
FOR 5 YEAR DEPOSITS
7 . Mostly banks pay less for 5 year term deposits compared to 1 year deposits . Public secor bansk pay between 6.2 % to 6 85 % for 5 year term depoisits ( 6.5 % to 7.35 % for senior citizens ) while private sector banks pay 6.5 % to 7.5 % to public ( 7.00 % to 8.35 % for senior citizens ) . Small finance banks pay between 7.00 % to 8.5 % for public and 7.5 % to 9.10 % for senior citizens .
8. There are NBFC companies , co-operative societies and corporates who pay higher interest rates , but have higher risk weaightages .
9 . DICGC covers maximum of Rs 1.00 lakhs on Bnak Deposits as insurance .
PUBLIC SECTOR BANKS
BANK NAME |
INTEREST FOR 1 YEAR PUBLIC |
INTEREST FOR 1 YEAR SENIOR CITIZENS |
INTEREST FOR 5 YEAR PUBLIC |
INTEREST FOR 5 YEAR SENIOR CITIZENS |
ALLAHABAD BANK |
6.75 |
6.75 |
6.5 |
6.5 |
ANDHRA BANK |
6.8 |
7.3 |
6.75 |
7.25 |
BANK OF BARODA |
6.70 |
7.2 |
6.7 |
7.2 |
BANK OF INDIA |
6.65 |
7.15 |
6.5 |
7.00 |
BANK OF MAHARASHTRA |
6.50 |
7.00 |
6.5 |
7.00 |
CORPORATION BANK |
6.80 |
7.3 |
6.5 |
7.00 |
CANARA BANK |
7.00 |
7.5 |
6.2 |
6.7 |
IDBI BANK |
7.25 |
7.75 |
6.85 |
7.35 |
INDIAN BANK |
6.75 |
7.25 |
6.00 |
6.5 |
INDIAN OVERSEAS BANK |
6.60 |
7.30 |
6.80 |
7.30 |
ORIENTAL BANK OF COMMERCE |
7.00 |
7.50 |
6.75 |
7.25 |
PUNJAB & SIND BANK |
7.00 |
7.50 |
6.55 |
7.05 |
PUNJAB NATIONAL BANK |
6.75 |
7.25 |
6.25 |
6.75 |
STATE BANK OF INDIA |
6.70 |
7.20 |
6.85 |
7.35 |
SYNDICATE BANK |
6.70 |
7.20 |
6.50 |
7.00 |
UCO BANK |
6.60 |
7.10 |
6.50 |
7.00 |
UNION BANK OF INDIA |
6.75 |
7.25 |
6.85 |
7.35 |
UNITED BANK OF INDIA |
6.50 |
7.00 |
6.00 |
6.50 |
VIJAYA BANK |
6.80 |
7.30 |
6.80 |
7.30 |
CENTRAL BANK OF INDIA |
6.65 |
6.65 |
6.55 |
6.55 |
INDIAN PRIVATE BANKS
BANK NAME |
INTEREST FOR 1 YEAR PUBLIC |
INTEREST FOR 1 YEAR SENIOR CITIZENS |
INTEREST FOR 5 YEAR PUBLIC |
INTEREST FOR 5 YEAR SENIOR CITIZENS |
AXIS BANK |
7.30 |
7.95 |
7.25 |
7.75 |
ICICI BANK |
6.90 |
7.40 |
7.25 |
7.75 |
HDFC BANK |
7.30 |
7.80 |
7.25 |
7.75 |
KARNATAKA BANK |
7.50 |
8.00 |
7.00 |
7.50 |
KARUR VYSYA BANK |
7.25 |
7.75 |
7.00 |
7.50 |
KOTAK MAHINDRA BANK |
7.30 |
7.80 |
6.50 |
7.00 |
TAMILNADU MERCANTILE BANK |
7.40 |
7.90 |
6.90 |
7.40 |
DHANALAKSHMI BANK |
7.00 |
7.50 |
6.50 |
7.00 |
FEDERAL BANK |
7.30 |
7.80 |
7.25 |
7.75 |
J & K BANK |
7.30 |
7.80 |
6.50 |
7.00 |
CATHOLIC SYRIAN BANK |
7.00 |
7.00 |
6.50 |
6.50 |
INDUSIND BANK |
8.00 |
8.50 |
7.50 |
8.00 |
SOUTH INDIAN BANK |
6.90 |
7.40 |
7.00 |
7.50 |
RBL BANK |
8.00 |
8.50 |
7.60 |
8.10 |
LAKSHMI VILAS BANK |
7.60 |
8.20 |
7.75 |
8.35 |
YES BANK |
7.25 |
7.75 |
7.25 |
7.75 |
TAX PLANNING FOR FY 2018-19 ( AY 2019-20 )
Comprehensive Article on Income tax changes in Rules, Rates , Slabs , Rebates and Estimation
CLICK HERE TO READ
Comprehensive Article on Income tax changes in Rules, Rates , Slabs , Rebates and Estimation
CLICK HERE TO READ
FOREIGN BANKS
BANK NAME |
INTEREST FOR 1 YEAR PUBLIC |
INTEREST FOR 1 YEAR SENIOR CITIZENS |
INTEREST FOR 5 YEAR PUBLIC |
INTEREST FOR 5 YEAR SENIOR CITIZENS |
CITI BANK |
|
6.75 |
6.00 |
6.50 |
HSBC BANK |
5.00 |
5.50 |
NA |
NA |
STANDARD CHARTERED BANK |
7.40 |
7.40 |
6.50 |
6.50 |
SMALL FINANCE BANKS
BANK NAME |
|
INTEREST FOR 1 YEAR SENIOR CITIZENS |
INTEREST FOR 5 YEAR PUBLIC |
INTEREST FOR 5 YEAR SENIOR CITIZENS |
CAPITAL SF BANK |
7.50 |
8.00 |
7.40 |
7.90 |
SURYODAY SF BANK |
8.50 |
9.00 |
8.25 |
8.75 |
UJJIVAN SF BANK |
8.30 |
8.80 |
7.00 |
7.50 |
UTKARSH SF BANK |
8.50 |
9.00 |
8.00 |
8.50 |
EQUITAS SF BANK |
8.50 |
9.25 |
7.00 |
7.75 |
ESAF SF BANK |
8.75 |
9.25 |
7.00 |
7.50 |
JANA SF BANK |
8.50 |
9.10 |
8.50 |
9.10 |
To know the latest interest rates offered by individual banks for various maturities , click on the name of the bank to reach their websites . ( Banks listed alphabetically )
01.ALLAHABAD BANK
02.ANDHRA BANK
03.AXIS BANK
04.BANK OF BARODA
05.BANK OF INDIA
06.BANK OF MAHARASHTRA
07.CANARA BANK
08.CENTRAL BANK OF INDIA
09.CITIBANK N.A.
10.CORPORATION BANK
11.CATHOLIC SYRIAN BANK LTD.
12.INDUSIND BANK LIMITED
13.ICICI BANK
14.IDBI BANK LIMITED
15.INDIAN BANK
16.INDIAN OVERSEAS BANK
17.KOTAK MAHINDRA BANK LIMITED
18.KARNATAKA BANK
19.KARUR VYSYA BANK LIMITED.
20.ORIENTAL BANK OF COMMERCE
21.PUNJAB & SIND BANK
22.PUNJAB NATIONAL BANK
23.STANDARD CHARTERED BANK
24.STATE BANK OF INDIA
25.SYNDICATE BANK
26.THE HONGKONG & SHANGHAI BANKING CORPORATION LTD.
27.TAMILNAD MERCANTILE BANK LTD.
28.THE DHANALAKSHMI BANK LIMITED.
29.THE FEDERAL BANK LTD.
30.THE HDFC BANK LTD.
31.THE J & K BANK LTD.
32.THE SOUTH INDIAN BANK LTD.
33. RBL BANK LTD ( THE RATNAKAR BANK LTD.)
34.THE LAKSHMI VILAS BANK LTD
35.UCO BANK
36.UNION BANK OF INDIA
37.UNITED BANK OF INDIA
38.VIJAYA BANK
39.YES BANK
SMALL FINANCE BANKS
1. CAPITAL SMALL FINANCE BANK
2. SURYODAY SMALL FINANCE BANK
3. UJJIVAN SMALL FINANCE BANK
4. UTKARSH SMALL FINANCE BANK
5. EQUITAS SMALL FINANCE BANK
6 . ESAF SMALL FINANCE BANK
7. JANA SMALL FINANCE BANK
01.ALLAHABAD BANK
02.ANDHRA BANK
03.AXIS BANK
04.BANK OF BARODA
05.BANK OF INDIA
06.BANK OF MAHARASHTRA
07.CANARA BANK
08.CENTRAL BANK OF INDIA
09.CITIBANK N.A.
10.CORPORATION BANK
11.CATHOLIC SYRIAN BANK LTD.
12.INDUSIND BANK LIMITED
13.ICICI BANK
14.IDBI BANK LIMITED
15.INDIAN BANK
16.INDIAN OVERSEAS BANK
17.KOTAK MAHINDRA BANK LIMITED
18.KARNATAKA BANK
19.KARUR VYSYA BANK LIMITED.
20.ORIENTAL BANK OF COMMERCE
21.PUNJAB & SIND BANK
22.PUNJAB NATIONAL BANK
23.STANDARD CHARTERED BANK
24.STATE BANK OF INDIA
25.SYNDICATE BANK
26.THE HONGKONG & SHANGHAI BANKING CORPORATION LTD.
27.TAMILNAD MERCANTILE BANK LTD.
28.THE DHANALAKSHMI BANK LIMITED.
29.THE FEDERAL BANK LTD.
30.THE HDFC BANK LTD.
31.THE J & K BANK LTD.
32.THE SOUTH INDIAN BANK LTD.
33. RBL BANK LTD ( THE RATNAKAR BANK LTD.)
34.THE LAKSHMI VILAS BANK LTD
35.UCO BANK
36.UNION BANK OF INDIA
37.UNITED BANK OF INDIA
38.VIJAYA BANK
39.YES BANK
SMALL FINANCE BANKS
1. CAPITAL SMALL FINANCE BANK
2. SURYODAY SMALL FINANCE BANK
3. UJJIVAN SMALL FINANCE BANK
4. UTKARSH SMALL FINANCE BANK
5. EQUITAS SMALL FINANCE BANK
6 . ESAF SMALL FINANCE BANK
7. JANA SMALL FINANCE BANK