Planning To Set Up A Fixed Deposit? Compare Top Banks' Interest Rates Here

India's top banks currently provide annual returns to the tune of 2.75-6.30 per cent on retail fixed deposits - also known as term deposits - up to Rs 2 crore. Lenders from the likes of state-run SBI and Punjab National Bank (PNB) to their private sector peers HDFC Bank, Kotak Mahindra Bank and ICICI Bank offer a variety of maturity periods for retail fixed deposits, starting from seven days. Lenders revise the interest rates applicable to fixed deposits from time to time. SBI, the country's largest bank by assets, for example, revised its interest rates applicable to fixed deposits last on May 27. .Here's a comparison of the interest rates offered by these banks on retail fixed deposits (FDs up to Rs 2 crore):.State Bank Of India SBI Fixed Deposit Interest Rates.table.tble_wrap9 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap9 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap9 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap9, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap9, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap9 th { padding: 4px; } table.tble_wrap9 td { padding: 4px; } /*table.tble_wrap9 th:nth-child(4), table.tble_wrap9 td:nth-child(4), table.tble_wrap9 th:nth-child(5), table.tble_wrap9 td:nth-child(5), table.tble_wrap9 th:nth-child(6), table.tble_wrap9 td:nth-child(6), table.tble_wrap9 th:nth-child(7), table.tble_wrap9 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Maturity period Interest rate with effect from May 27 Public Senior citizen Seven days to 45 days 2.9% 3.4% 46 days to 179 days 3.9% 4.4% 180 days to 210 days 4.4% 4.9% 211 days to less than one year 4.4% 4.9% One year to less than two years 5.1% 5.6% Two years to less than three years 5.1% 5.6% Three years to less than five years 5.3% 5.8% Five years and up to 10 years 5.4% 6.2% (Source: sbi.co.in) .Punjab National Bank (PNB) Fixed Deposit Interest Rates.table.tble_wrap8 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap8 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap8 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap8, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap8, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap8 th { padding: 4px; } table.tble_wrap8 td { padding: 4px; } /*table.tble_wrap8 th:nth-child(4), table.tble_wrap8 td:nth-child(4), table.tble_wrap8 th:nth-child(5), table.tble_wrap8 td:nth-child(5), table.tble_wrap8 th:nth-child(6), table.tble_wrap8 td:nth-child(6), table.tble_wrap8 th:nth-child(7), table.tble_wrap8 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Maturity period Interest rate with effect from July 1 Public Senior citizen Seven days to 14 days 3.00% 3.75% 15 days to 29 days 3.00% 3.75% 30 days to 45 days 3.00% 3.75% 46 days to 90 days 3.25% 4% 91 days to 179 days 4.00% 4.75% 180 days to 270 days 4.40% 5.15% 271 days to less than one year 4.50% 5.25% 333 days 4.50% 5.25% One year 5.25% 6% 444 days 5.25% 6% 555 days 5.25% 6% Above one year and up to two years 5.25% 6% Above two years and up to three years 5.25% 6% Above three years and up to five years 5.30% 6.15% Above five years and up to 10 years 5.30% 6.15% (Source: pnbindia.in) .IDBI Bank Fixed Deposit Interest Rates.table.tble_wrap8 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap8 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap8 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap8, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap8, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap8 th { padding: 4px; } table.tble_wrap8 td { padding: 4px; } /*table.tble_wrap8 th:nth-child(4), table.tble_wrap8 td:nth-child(4), table.tble_wrap8 th:nth-child(5), table.tble_wrap8 td:nth-child(5), table.tble_wrap8 th:nth-child(6), table.tble_wrap8 td:nth-child(6), table.tble_wrap8 th:nth-child(7), table.tble_wrap8 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Maturity period Interest rate with effect from July 1 Public Senior citizen Seven days to 14 days 3.00% 3.75% 15 to 30 days 3.00% 3.75% 31 to 45 days 3.00% 3.75% 46 to 60 days 3.25% 4% 61 to 90 days 4.00% 4.75% 91 to six months 4.40% 5.15% Six months and one day to 270 days 4.50% 5.25% 271 days to less than one year 4.50% 5.25% One year 5.25% 6% More than one year to two years 5.25% 6% More than two years to less than three years 5.25% 6% Three years to less than five years 5.25% 6% Five years 5.25% 6% More than five years to seven years 5.30% 6.15% More than seven years to 10 years 5.30% 6.15% (Source: idbibank.in) .HDFC Bank Fixed Deposit Interest Rates.table.tble_wrap6 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap6 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap6 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap6, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap6, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap6 th { padding: 4px; } table.tble_wrap6 td { padding: 4px; } /*table.tble_wrap6 th:nth-child(4), table.tble_wrap6 td:nth-child(4), table.tble_wrap6 th:nth-child(5), table.tble_wrap6 td:nth-child(5), table.tble_wrap6 th:nth-child(6), table.tble_wrap6 td:nth-child(6), table.tble_wrap6 th:nth-child(7), table.tble_wrap6 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Maturity period Interest rate with effect from June 12 Public Senior citizen Seven days to 14 days 2.75% 3.25% 15 days to 29 days 3.00% 3.50% 30 days to 45 days 3.25% 3.75% 46 days to 60 days 4.00% 4.50% 61 days to 90 days 4.00% 4.50% 91 days to six months 4.10% 4.60% Six months one day to nine months 4.50% 5.00% Nine months one day to less than one year 4.75% 5.25% One year 5.25% 5.75% One year one day to two years 5.25% 5.75% Two years one day to three years 5.35% 5.85% Three years one day to five years 5.50% 6.00% Five years one day to 10 years 5.50% 6.25% (Source: hdfcbank.com) .Kotak Mahindra Bank Fixed Deposit Interest Rates.table.tble_wrap7 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap7 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap7 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap7 th { padding: 4px; } table.tble_wrap7 td { padding: 4px; } /*table.tble_wrap7 th:nth-child(4), table.tble_wrap7 td:nth-child(4), table.tble_wrap7 th:nth-child(5), table.tble_wrap7 td:nth-child(5), table.tble_wrap7 th:nth-child(6), table.tble_wrap7 td:nth-child(6), table.tble_wrap7 th:nth-child(7), table.tble_wrap7 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Maturity period Interest rate with effect from June 22 Seven to 14 days 2.75% 15 to 30 days 3% 31 to 45 days 3% 46 to 90 days 3.50% 91 to 120 days 4.10% 121 to 179 days 4.10% 180 days 4.50% 181 to 269 days 4.75% 270 days 4.75% 271 to 363 days 4.75% 364 days 4.75% 365 to 389 days 5.15% 390 days (12 months and 25 days) 5.25% 391 days to less than 23 months 5.25% 23 months 5.25% 23 months and one day to less than two years 5.15% Two years to less than three years 4.90% Three years and above but less than four years 4.90% Four years and above but less than five years 4.75% Five years and above up to 10 years 4.50% (Source: kotak.com) .ICICI Bank Fixed Deposit Interest Rates.table.tble_wrap7 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap7 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap7 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap7 th { padding: 4px; } table.tble_wrap7 td { padding: 4px; } /*table.tble_wrap7 th:nth-child(4), table.tble_wrap7 td:nth-child(4), table.tble_wrap7 th:nth-child(5), table.tble_wrap7 td:nth-child(5), table.tble_wrap7 th:nth-child(6), table.tble_wrap7 td:nth-child(6), table.tble_wrap7 th:nth-child(7), table.tble_wrap7 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Maturity period Interest rate with effect from June 16 Public Senior citizen Seven to 14 days 2.75% 3.25% 15 to 29 days 3.00% 3.50% 30 to 45 days 3.25% 3.75% 46 to 60 days 3.50% 4.00% 61 to 90 days 3.50% 4.00% 91 to 120 days 4.10% 4.60% 121 to 184 days 4.10% 4.60% 185 to 210 days 4.50% 5.00% 211 to 270 days 4.50% 5.00% 271 to 289 days 4.50% 5.00% 290 days to less than one year 4.75% 5.25% One year to 389 days 5.15% 5.65% 390 days to less than 18 months 5.15% 5.65% 18 months and one day to two years 5.35% 5.85% Two years and one day to three years 5.35% 5.85% Three years and one day to five years 5.50% 6% Five years and one day to 10 years 5.50% 6.30% Five years tax-saver FD (maximum Rs 1.50 lakh) 5.50% 6% (Source: icicibank.com) .Meanwhile, the Reserve Bank of India (RBI) in May lowered the repo rate - or the key interest rate at which it lends short-term funds to commercial banks - by 40 basis points to 4 per cent, the lowest since 2000.

Planning To Set Up A Fixed Deposit? Compare Top Banks' Interest Rates Here

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