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Commercial Banks in IndiaA Bank branch in India

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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 . 
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 

​
 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 
  • 6.25
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 PUBLIC ​
​​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


                                                                              
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