Fixed Deposits remain one of the most popular investment instruments in India, largely due to the low risk and guaranteed returns. Most Savings Accounts offer interest at 3.5 – 4% p.a. whereas Fixed Deposits can provide interest at a rate of up to 9.20% p.a. Hence, those with idle cash in their bank accounts can invest in Fixed Deposits to earn higher returns.
Here is everything you need to know about the best Fixed Deposit Schemes available for Indian citizens in 2019:
Best FD Offers – August 2019
Best FD Offers from Retail Banks in India | |||
Bank | FD Interest Rate | Deposit Tenure | |
| Regular Individuals | Senior Citizens | ||
| IDFC First Bank | 8.50% | 9.00% | 2 years |
| DCB Bank | 8.25% | 8.75% | 36 months |
| RBL Bank | 8.00% | 8.50% | 24 months to less than 36 months |
| Yes Bank | 7.85% | 8.35% | 12 Months 10 Days to12 Months 20 Days |
| IndusInd Bank | 7.75% | 8.25% | Above 1 Year 4 Months to below 2 Years |
| Best FD Offers from Small Finance Banks in India | |||
| Fincare Small Finance Bank | 9.00% | 9.50% | 24 months 1 day to 36 months |
| Utkarsh Small Finance Bank | 9.00% | 9.50% | 456 Days to less than 2 years |
| Suryoday Small Finance Bank | 8.75% | 9.25% | Above 2 Years to 3 Years |
| North East Small Finance Bank | 8.75% | 9.25% | 555 Days |
| Jana Small Finance Bank | 8.60% | 9.20% | 2 years (= 730 days) |
Note –Fixed Deposit Rates are subject to change without any prior information.
As can be seen, currently small finance banks are offering higher interest rates than the commercial banks. While some customers may be more comfortable with commercial banks than Small Finance Banks, they should note that, like commercial banks, depositors in Small Finance Banks are also covered under the depositor insurance program of Deposit Insurance and Credit Guarantee Corporation or DICGC. This means that bank deposits of up to Rs. 1 lakh, including fixed, savings, current and recurring deposits, per depositor per bank, are covered by insurance, in the event of bank failure for small finance bank as well as commercial banks. The depositors are covered for the same amount with both small finance banks and commercial banks; hence, the risk of investing in a fixed deposit remains the same for both.
We would, therefore, recommend customers to choose a Fixed Deposit which offers the highest interest rate, whether it’s from a commercial bank or a small finance bank.
Best Fixed Deposit Interest Rates for Top Banks
| Bank | Best Fixed Deposit Interest Rates* (in % p.a.) – 1 year | 3 years | 5 years | |||
| Regular Citizens | Senior Citizens | Regular Citizens | Senior Citizens | Regular Citizens | Senior Citizens | |
| IndusInd Bank | 7.60% | 8.10% | 7.35% | 7.85% | 7.50% | 8.00% |
| DCB Bank | 7.00% | 7.50% | 8.25% | 8.75% | 7.75% | 8.25% |
| Kotak Mahindra Bank | 7.00% | 7.50% | 6.90% | 7.40% | 6.50% | 7.00% |
| YES Bank | 7.25% | 7.75% | 7.25% | 7.75% | 7.25% | 7.75% |
| ICICI Bank | 6.90% | 7.40% | 7.30% | 7.80% | 7.25% | 7.75% |
| HDFC Bank | 7.00% | 7.50% | 7.30% | 7.80% | 7.25% | 7.75% |
| SBI | 6.80% | 7.30% | 6.60% | 7.10% | 6.50% | 7.00% |
| RBL Bank | 7.90% | 8.40% | 7.60% | 8.10% | 7.60% | 8.10% |
| Axis Bank | 7.10% | 7.75% | 7.25% | 7.75% | 7.00% | 7.50% |
| DBS | 7.50% | 7.50% | 7.00% | 7.00% | 7.00% | 7.00% |
| IDFC Bank | 7.00% | 7.50% | 7.50% | 8.00% | 7.75% | 8.25% |
| Bandhan Bank | 7.35% | 8.10% | 7.65% | 8.40% | 7.65% | 8.40% |
| Canara Bank | 6.70% | 7.20% | 6.40% | 6.90% | 6.00% | 6.50% |
| Federal Bank | 7.20% | 7.70% | 7.25% | 7.75% | 7.25% | 7.75% |
| OBC | 6.85% | 7.35% | 6.70% | 7.20% | 6.75% | 7.25% |
| Bank of Baroda | 6.45% | 6.95% | 6.45% | 6.95% | 6.45% | 6.95% |
| Lakshmi Vilas Bank | 7.75% | 8.35% | 7.85% | 8.45% | 7.85% | 8.45% |
Note –*Fixed Deposit Rates are subject to change without any prior information.
** – FD interest rates across tenures for each bank is mentioned below in the article
Best FD Interest Rates for Small Banks
| Bank | Fixed Deposit Interest Rates* (in % p.a.) | 3 years | 5 years | |||
| Regular Citizens | Senior Citizens | Regular Citizens | Senior Citizens | Regular Citizens | Senior Citizens | |
| ESAF Small Finance Bank | 8.50% | 9.00% | 7.30% | 7.80% | 7.30% | 7.80% |
| Suryoday Small Finance Bank | 8.35% | 8.85% | 8.75% | 9.25% | 8.25% | 8.75% |
| Utkarsh Small Finance Bank | 8.50% | 9.00% | 7.00% | 7.50% | 8.00% | 8.50% |
| Jana Small Finance Bank | 8.50% | 9.10% | 8.50% | 9.10% | 8.00% | 8.60% |
| Equitas Small Finance Bank | 8.00% | 8.60% | 8.30% | 8.90% | 7.00% | 7.60% |
| Fincare Small Finance Bank | 8.00% | 8.50% | 9.00% | 9.50% | 8.00% | 8.50% |
*Fixed Deposit Rates are subject to change without any prior information.
** – FD interest rates across tenures for each small finance bank is mentioned below in the article
How to choose the Best Fixed Deposit Scheme?
Following are some important aspects that every FD investor should consider to maximize returns while investing in a fixed deposit:
1. FD Rate– The rate of interest for a specific tenure is of primary importance for depositors. Several banks provide high FD interest rates for different tenure options. To choose the best fixed deposit available (on the basis of high FD interest rate & tenure that you want to stay invested), you should first have a specific financial goal in mind.
Once you have decided a certain financial goal, you should look for a bank providing the best FD interest rate in the tenure you can stay invested in.
2. Tenure– As mentioned above, the time for which you can deposit your money is an important aspect, while choosing the best fixed deposit. Banks provide fixed deposits for tenure ranging from 7 days to 10 years. You should always invest in a fixed deposit and select deposit tenure depending upon your financial goal.
Another thing that you can consider while choosing the deposit tenure is the interest rate regime. If you think in the future there will be a rising interest rate regime (i.e. interest rates will rise in the future), then you should go for a shorter FD tenure. And, in case of a falling interest rate regime (i.e. interest rates will decrease in the future), you should invest your hard-earned money for a longer period of time.
3. Credibility – There are a number of banks that provide higher FD interest rates but might indicate some risk. It is always advisable to make deposits in scheduled banks and NBFCs that are certified by ICRA, CRISIL, etc.
Also, if you want to invest in Corporate Fixed Deposits, you should consider company funds based on the credit ratings on deposits provided. Company Deposits with high credit ratings (for instance: FAAA, FAA) are considered safe. These ratings indicate a degree of safety regarding the timely payment of deposit amount (principal) and interest.
4. Payout – The payout option provided by your bank also plays an important role while selecting the best fixed deposit scheme. Banks provide 2 types of fixed deposits in India – Cumulative and Non-Cumulative Fixed Deposits.
Under a Cumulative FD Scheme, you will not be paid interest over quarterly, half yearly or yearly. FD interest under this scheme will be compounded every quarter, half year or year and will be added back to your principal amount, which will be paid at the end of the deposit tenure.
Under a Non-Cumulative FD Scheme, you will be paid every quarter, half-year or year depending upon the payout option you opt for. This FD scheme is best suited for senior citizens, widows who want regular cash inflows. Regular investors can opt for cumulative FDs for the compounding interest rates.
Taxation of Fixed Deposits
Unlike savings accounts that offer lower interest rates, fixed deposits are fully taxable. Below mentioned are some important aspects related to taxation on FDs:
- Banks deduct Tax Deducted at Source (TDS) on fixed deposits at a rate of 10%.
- In case a depositor has not submitted his PAN, he is taxed at 20%.
- In case the bank has deducted tax at a rate of 10% but you fall in a higher tax bracket, you have to pay the additional tax.
- You should check Form 26AS while filing your returns to know the TDS deducted by the bank on your FDs. You can then pay any additional amount due or claim a refund as the case may be.
Best Fixed Deposit Interest Rates for Top Banks in Detail
IndusInd Bank FD Rates
FD interest rates in IndusInd Bank are as follows:
| Tenure | Regular Citizens | Senior Citizens |
| 7 days to 14 days | 3.75% | 4.25% |
| 15 days to 30 days | 4.25% | 4.75% |
| 31 days to 45 days | 5.75% | 6.25% |
| 46 days to 60 days | 6.00% | 6.50% |
| 61 days to 90 days | 6.25% | 6.75% |
| 91 days to 120 days | 6.50% | 7.00% |
| 121 days to 180 days | 6.75% | 7.25% |
| 181 days to 210 days | 7.00% | 7.50% |
| 211 days to 269 days | 7.00% | 7.50% |
| 270 days to below 1 year | 7.25% | 7.75% |
| 1 year to 1 year 2 months | 7.60% | 8.10% |
| Above 1 year 2 months to 1 year 4 months | 7.60% | 8.10% |
| Above 1 year 4 months to below 2 years | 7.75% | 8.25% |
| 2 years to below 2 years 6 months | 7.75% | 8.25% |
| 2 years 6 months to below 2 years 9 months | 7.75% | 8.25% |
| 2 years 9 months to below 3 years | 7.75% | 8.25% |
| 3 years to below 61 months | 7.35% | 7.85% |
| 61 months and above | 7.25% | 7.75% |
| Indus Tax Saver Deposit Scheme (5 years) | 7.50% | 8.00% |
Note: Interest rates mentioned above are applicable on deposits below Rs. 2 crore with effect from July 02, 2019.
Read more about IndusInd Bank Fixed Deposit
DCB Bank FD Rates
FD rates in DCB Bank are as follows:
| Tenure | Regular Citizens | Senior Citizens |
| 7 days to 14 days | 4.00% | 4.50% |
| 15 days to 45 days | 4.00% | 4.50% |
| 46 days to 90 days | 5.00% | 5.50% |
| 91 days to less than 6 months | 6.50% | 7.00% |
| 6 months to less than 12 months | 7.00% | 7.50% |
| 12 months | 7.00% | 7.50% |
| 12 months 1 day to less than 15 months | 7.40% | 7.90% |
| 15 months to less than 18 months | 7.85% | 8.35% |
| 18 months | 8.00% | 8.50% |
| More than 18 months to less than 24 months | 7.95% | 8.45% |
| 24 months | 7.50% | 8.00% |
| More than 24 months to less than 36 months | 7.60% | 8.10% |
| 36 months | 8.25% | 8.75% |
| More than 36 months to 60 months | 7.75% | 8.25% |
| More than 60 months to 120 months | 7.25% | 7.75% |
Note: Interest rates mentioned above are applicable on deposits below Rs. 2 crore with effect from July 02, 2019.
Read more about DCB Fixed Deposit
Kotak Bank FD Rates
FD rates in Kotak Mahindra Bank are as follows:
| Tenure | Kotak Bank FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7 – 14 days | 3.50% | 4.00% |
| 15 – 30 days | 4.00% | 4.50% |
| 31 – 45 days | 5.00% | 5.50% |
| 46 – 90 days | 5.50% | 6.00% |
| 91 – 120 days | 6.00% | 6.50% |
| 121 – 179 days | 6.25% | 6.75% |
| 180 days | 6.40% | 6.90% |
| 181 days – 269 days | 6.50% | 7.00% |
| 270 days | 6.50% | 7.00% |
| 271 days – 363 days | 6.75% | 7.25% |
| 364 days | 7.00% | 7.50% |
| 365 days – 389 days | 7.00% | 7.50% |
| 390 days | 7.00% | 7.50% |
| 391 days – less than 23 months | 7.00% | 7.50% |
| 23 months | 7.00% | 7.50% |
| 23 months 1 day – less than 2 years | 7.00% | 7.50% |
| 2 years – less than 3 years | 7.00% | 7.50% |
| 3 years and above – less than 4 years | 6.90% | 7.40% |
| 4 years – less than 5 years | 6.75% | 7.25% |
| 5 years – 10 years | 6.50% | 7.00% |
Note: Interest rates mentioned above are applicable on deposits below ₹ 2 crore with effect from July. 19, 2019.
Read more about Kotak Mahindra Bank Fixed Deposit
Yes Bank FD Rates
FD rates in Yes Bank are as follows:
| Tenure | Yes Bank FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7 to 45 days | 5.00% | 5.50% |
| 46 to 90 days | 6.25% | 6.75% |
| 3 months to < 6 months | 6.25% | 6.75% |
| 6 months to < 9 months | 6.85% | 7.35% |
| 9 months to < 1 Year | 7.15% | 7.65% |
| 1 Years to <= 10 years | 7.25% | 7.75% |
| Special Rates | ||
| 12 months 10 days to 12 months 20 days | 7.85% | 8.35% |
| 18 months 8 days to 18 months 18 days | 7.55% | 8.05% |
| 2 years to less than 3 years | 7.75% | 8.25% |
Note: Interest rates for deposits < Rs. 2 crore, w.e.f. June 24, 2019
Read more about YES Bank Fixed Deposit
ICICI Bank FD Rates
FD rates in ICICI Bank are as follows:
| ICICI Bank FD Rates (% p.a.) | ||
| Tenure Period | General Citizen | Senior Citizen* |
| 7 days to 14 days | 4.00 | 4.50 |
| 15 days to 29 days | 4.25 | 4.75 |
| 30 days to 45 days | 5.50 | 6.00 |
| 46 days to 60 days | 6.00 | 6.50 |
| 61 days to 90 days | 6.00 | 6.50 |
| 91 days to 120 days | 6.00 | 6.50 |
| 121 days to 184 days | 6.00 | 6.50 |
| 185 days to 289 days | 6.50 | 7.00 |
| 290 days to less than 1 year | 6.75 | 7.25 |
| 1 year to 389 days | 6.90 | 7.40 |
| 390 days to 2 years | 7.00 | 7.50 |
| 2 years 1 day up to 3 years | 7.30 | 7.80 |
| 3 years 1 day up to 5 years | 7.25 | 7.75 |
| 5 years 1 day up to 10 years | 7.00 | 7.50 |
| 5 Years Tax saver FD(Max upto Rs. 1.50 lac) | 7.25 | 7.75 |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from June 17, 2019.
Read more about ICICI Bank Fixed Deposit
HDFC Bank FD Rates
FD rates in HDFC Bank are as follows:
| Tenure | HDFC FD Interest Rates | |
| Regular Citizens | Senior Citizens | |
| 7 – 14 days | 3.50% | 4.00% |
| 15 – 29 days | 4.25% | 4.75% |
| 30 – 45 days | 5.50% | 6.00% |
| 46 days – 6 months | 6.00% | 6.50% |
| 6 months 1 day – 9 months | 6.50% | 7.00% |
| 9 months 1 day – less than 1 year | 6.75% | 7.25% |
| 1 year | 7.00% | 7.50% |
| 1 year – 1 year 16 days | 7.00% | 7.50% |
| 1 year 17 days – 2 years | 7.10% | 7.60% |
| 2 years 1 day – 3 years | 7.30% | 7.80% |
| 3 years 1 day – 5 years | 7.25% | 7.75% |
| 5 years 1 day – 10 years | 7.00% | 7.50% |
Note: Interest rates are applicable on deposits below Rs. 2 crore with effect from August 2, 2019.
Read more about HDFC Bank Fixed Deposit
SBI FD Rates
FD rates in SBI are as follows:
| FD Tenure | SBI FD Interest Rates (in % p.a.) | |
| Days/Years | Regular Citizens | Senior Citizens |
| 7 days to 45 days | 5.00% | 5.50% |
| 46 days to 179 days | 5.75% | 6.25% |
| 180 days to 210 days | 6.25% | 6.75% |
| 211 days to less than 1 year | 6.25% | 6.75% |
| 1 year to less than 2 year | 6.80% | 7.30% |
| 2 years to less than 3 years | 6.70% | 7.20% |
| 3 years to less than 5 years | 6.60% | 7.10% |
| 5 years and up to 10 years | 6.50% | 7.00% |
Note: Interest rate are applicable on deposits below Rs. 2 crores with effect from August 01, 2019.
Read more about SBI Fixed Deposit
Bank of Baroda FD Rates
FD rates in Bank of Baroda are as follows:
| Tenure | Bank of Baroda Fixed Deposit Interest Rates | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 5.25% | 5.75% |
| 15 days to 45 days | 4.50% | 5.00% |
| 46 days to 90 days | 4.75% | 5.25% |
| 91 days to 180 days | 5.50% | 6.00% |
| 181 days to 270 days | 6.25% | 6.75% |
| 271 days & above and less than 1 year | 6.25% | 6.75% |
| 1 year | 6.45% | 6.95% |
| Above 1 year to 400 days | 6.60% | 7.10% |
| Above 400 days and up to 2 years | 6.55% | 7.05% |
| Above 2 years and up to 3 years | 6.45% | 6.95% |
| Above 3 years and up to 5 years | 6.45% | 6.95% |
| Above 5 years and up to 10 years | 6.45% | 6.95% |
Note: Above interest rates are applicable on deposits below Rs. 2 Cr. w.e.f. July 20, 2019,
Read more about Bank of Baroda Fixed Deposit
RBL Bank FD Rates
FD rates in RBL Bank are as follows:
| FD Tenure | RBL Bank FD Rates (in % p.a) | |
| Regular Citizens | Senior Citizens | |
| 7 to 14 days | 5.00 | 5.50 |
| 15 to 45 days | 6.00 | 6.50 |
| 46 to 90 days | 7.00 | 7.50 |
| 91 to 180 days | 7.05 | 7.55 |
| 181 to 240 days | 7.05 | 7.55 |
| 241 to 364 days | 7.25 | 7.75 |
| 12 months to less than 24 months | 7.90 | 8.40 |
| 24 months to less than 36 months | 8.00 | 8.50 |
| 36 months to less than 60 months | 7.60 | 8.10 |
| 60 months to less than 120 months | 7.60 | 8.10 |
| 120 months to 240 months | 7.20 | 7.70 |
| Tax Saving Fixed Deposit (60 months to less than 120 months) | 7.60 | 8.10 |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from June 14, 2019.
Read more about RBL Bank Fixed Deposit
Axis Bank FD Rates
FD rates in Axis Bank are as follows:
| Tenure | Axis Bank FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7 days – 29 days | 3.50% | 3.50% |
| 30 days to 45 days | 5.50% | 5.50% |
| 46 days – <6 months | 6.25% | 6.25% |
| 6 months – <9 months | 6.50% | 6.75% |
| 9 months – < 1 year | 7.00% | 7.25% |
| 1 year – <1 year 5 days | 7.10% | 7.75% |
| 1 year 5 days < 1 year 11 days | 7.10% | 7.75% |
| 1 year 11 days < 1 year 25 days | 7.10% | 7.75% |
| 1 year 25 days < 13 months | 7.20% | 7.85% |
| 13 months – <14 months | 7.20% | 7.85% |
| 14 months – <17 months | 7.20% | 7.85% |
| 17 months < 18 months | 7.20% | 7.85% |
| 18 months < 2 years | 7.20% | 7.85% |
| 2 years – < 30 months | 7.30% | 7.95% |
| 30 months – <3 Years | 7.30% | 7.80% |
| 3 years < 5 years | 7.25% | 7.75% |
| 5 Years – 10 Years | 7.00% | 7.50% |
Note: Figures mentioned in the above table are applicable with effect from July 20, 2019. Interest rates are for deposits below Rs. 2 crore.
Read more about Axis Bank Fixed Deposit
DBS Bank FD Rates
FD rates in DBS Bank are as follows:
| Tenure | DBS Bank FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7 days | 4.00% | 4.00% |
| 8 days to 29 days | 4.25% | 4.25% |
| 30 days & up to 45 days | 4.50% | 4.50% |
| 46 days & up to 60 days | 5.00% | 5.00% |
| 61 days & up to 90 days | 5.50% | 5.50% |
| 91 days & up to 180 days | 5.75% | 5.75% |
| 181 days & up to 269 days | 6.50% | 6.50% |
| 270 days to less than 1 year | 6.75% | 6.75% |
| 1 years to 15 months | 7.50% | 7.50% |
| 15 months 1 day to less than 2 years | 7.00% | 7.00% |
| 2 years & less than 2 years 6 months | 7.00% | 7.00% |
| 2 years and 6 months | 7.00% | 7.00% |
| 2 years 6 months 1 day to less than 5 years | 7.00% | 7.00% |
| 5 years & above | 7.00% | 7.00% |
Note: Figures mentioned in the above table are applicable with effect from March 30, 2019. Interest rates are for deposits below Rs. 2 crore.
Read more about DBS Fixed Deposit Rates
IDFC First Bank FD Rates
FD rates in IDFC Bank are as follows:
| Tenure | IDFC First Bank FD Rates (% p.a) | |
| Regular Citizens | Senior Citizens | |
| 7 – 14 days | 4.00% | 4.50% |
| 15 – 29 days | 5.00% | 5.50% |
| 30 – 45 days | 6.25% | 6.75% |
| 46 – 90 days | 6.50% | 7.00% |
| 91 – 180 days | 6.75% | 7.25% |
| 181 days – 1 year | 7.00% | 7.50% |
| 1 year 1 day – less than 2 years | 7.75% | 8.25% |
| 2 years | 8.50% | 9.00% |
| 2 years 1 day – 5 years | 7.50% | 8.00% |
| 5 years 1 day – 10 years | 7.25% | 7.75% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from July 01, 2019
Read more about IDFC First Bank Fixed Deposit
Bandhan Bank FD Rates
FD interest rates in Bandhan Bank are as follows:
| Tenure | Bandhan Bank FD Rates (% p.a) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 3.50% | 4.25% |
| 15 days – 3 months | 4.00% | 4.75% |
| 3 months to less than 6 months | 4.50% | 5.25% |
| 6 months to less than 1 year | 6.80% | 7.55% |
| 1 year to 18 months | 7.35% | 8.10% |
| Above 18 months to less than 2 years | 7.50% | 8.25% |
| 2 years to less than 5 years | 7.65% | 8.40% |
| 5 years to less than 7 years | 7.65% | 8.40% |
| 7 years to up to 10 years | 7.65% | 8.40% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from June 18, 2019.
Read more about Bandhan Bank Fixed Deposit
Canara Bank FD Rates
FD interest rates in Canara Bank are as follows:
| Tenure | Canara Bank FD Rates (% p.a) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 45 days | 5.75% | 6.25% |
| 46 days to 179 days | 6.00% | 6.50% |
| 180 days to 269 days | 6.00% | 6.50% |
| 270 days to less than 1 year | 6.20% | 6.70% |
| 1 year only | 6.70% | 7.20% |
| Above 1 year to less than 5 years | 6.40% | 6.90% |
| 5 years to less than 8 years | 6.00% | 6.50% |
| 8 years to 10 years | 6.00% | 6.50% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from July 04, 2019
Read more about Canara Bank Fixed Deposit
Federal Bank FD Rates
FD interest rates in Federal Bank are as follows:
| Tenure | Regular Citizens | Senior Citizens |
| 7 days to 14 days | 3.50% | 4.00% |
| 15 days to 29 days | 4.50% | 5.00% |
| 30 days to 60 days | 5.00% | 5.50% |
| 61 days to 90 days | 5.70% | 6.20% |
| 91 days to 180 days | 6.00% | 6.50% |
| 181 days to 270 days | 6.25% | 6.75% |
| 271 days to less than 1 year | 6.80% | 7.30% |
| 1 year | 7.20% | 7.70% |
| Above 1 year | 7.25% | 7.75% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from July 16, 2019.
Read more about Federal Bank Fixed Deposit
OBC FD Rates
FD interest rates in Oriental Bank of Commerce are as follows:
| Tenure | OBC FD Rates (% p.a) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 45 days | 5.75% | 6.25% |
| 46 days to 90 days | 6.05% | 6.55% |
| 91 days to 179 days | 6.30% | 6.80% |
| 180 days to 269 days | 6.50% | 7.00% |
| 270 days to less than 1 year | 6.50% | 7.00% |
| 1 year to less than 2 years | 6.85% | 7.35% |
| 2 year to less than 3 years | 6.75% | 7.25% |
| 3 years to less than 5 years | 6.70% | 7.20% |
| 5 years to 10 years | 6.75% | 7.25% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from July 11, 2019.
Read more about Oriental Bank Fixed Deposit
Lakshmi Vilas Bank Fixed Deposit Interest Rates
| Tenure | Lakshmi Vilas Bank FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7-14 days | 4.50% | 4.50% |
| 15-30 days | 4.50% | 4.50% |
| 31-45 days | 5.50% | 5.50% |
| 46-90 days | 6.00% | 6.00% |
| 91-120 days | 6.50% | 7.00% |
| 121-150 days | 6.75% | 7.25% |
| 151-180 days | 7.00% | 7.50% |
| 181 – 330 days | 7.65% | 8.15% |
| 331-364 days | 7.75% | 8.25% |
| 1 Year to less than 18 months | 7.75% | 8.35% |
| 450 Days | 8.40% | 9.00% |
| 18 months to 10 Years | 7.85% | 8.45% |
Best Fixed Deposit Interest Rates for Small Banks in Detail
ESAF Small Finance Bank Fixed Deposit Rate
FD interest rates in ESAF Small Finance Bank are as follows:
| Tenure | ESAF FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7 – 14 days | 5.50% | 6.00% |
| 15 – 59 days | 5.50% | 6.00% |
| 60 – 90 days | 6.25% | 6.75% |
| 91 – 179 days | 6.75% | 7.25% |
| 180 – 363 days | 7.50% | 8.00% |
| 364 days | 5.60% | 6.10% |
| 365 – 727 days | 8.50% | 9.00% |
| 728 days | 6.80% | 7.30% |
| 729 – 1091 days | 8.00% | 8.50% |
| 1092 days | 5.66% | 6.16% |
| 1093 – 1819 days | 7.30% | 7.80% |
| 1820 days | 5.65% | 6.15% |
| 1821 – 3652 days | 7.30% | 7.80% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from June 01, 2019
Read more about ESAF Small Finance Bank Fixed Deposit Rate
Suryoday Small Finance Bank Fixed Deposit Rate
FD interest rates in Suryoday Small Finance Bank are as follows:
| Tenure | Suryoday Bank FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 4.00% | 4.50% |
| 15 days to 45 days | 4.00% | 4.50% |
| 46 days to 90 days | 5.00% | 5.50% |
| 91 days to 6 months | 5.50% | 6.00% |
| Above 6 months to 9 months | 7.50% | 8.00% |
| Above 9 months to less than 1 year | 7.75% | 8.25% |
| 1 year to 1 year 6 months | 8.35% | 8.85% |
| Above 1 year 6 months to 2 years | 8.50% | 9.00% |
| Above 2 years to 3 years | 8.75% | 9.25% |
| Above 3 years to less than 5 years | 8.00% | 8.50% |
| 5 years | 8.25% | 8.75% |
| Above 5 years to 10 years | 7.25% | 7.75% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from July 01, 2019
Read more about Suryoday Small Finance Bank Fixed Deposit Rates
Utkarsh Small Finance Bank Fixed Deposit Rate
FD interest rates in Utkarsh Small Finance Bank are as follows:
| Tenure | Utkarsh Small Finance Bank FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7 days to 28 days | 5.00% | 5.50% |
| 29 days to 45 days | 5.00% | 5.50% |
| 46 days to 90 days | 5.75% | 6.25% |
| 91 days to 120 days | 7.00% | 7.50% |
| 121 days to 180 days | 7.00% | 7.50% |
| 181 days to 210 days | 7.25% | 7.75% |
| 211 days to 270 days | 7.25% | 7.75% |
| 271 days to less than 1 year | 7.50% | 8.00% |
| 1 year to 455 days | 8.50% | 9.00% |
| 456 days to less than 2 years | 9.00% | 9.50% |
| 2 years to less than 3 years | 7.85% | 8.35% |
| 3 years to less than 5 years | 7.00% | 7.50% |
| 5 years | 8.00% | 8.50% |
| More than 5 years to 10 years | 7.00% | 7.50% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from February 28, 2019.
Jana Small Finance Bank Fixed Deposit Rate
FD interest rates in Jana Small Finance Bank are as follows:
| Tenure | Jana FD Interest Rates (% p.a) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 45 days | 6.00% | 6.60% |
| 46 days to 60 days | 6.50% | 7.10% |
| 61 days to 180 days | 7.00% | 7.60% |
| 181 days to 364 days | 8.25% | 8.85% |
| 1 year (365 days) | 8.50% | 9.10% |
| More than 1 year and less than 2 years | 8.50% | 9.10% |
| 2 years (730 days) | 8.60% | 9.20% |
| More than 2 years to 3 years | 8.50% | 9.10% |
| More than 3 years up to 5 years | 8.00% | 8.60% |
| More than 5 years up to 10 years | 6.75% | 7.35% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from June 21, 2019.
Read more about Jana Small Finance Bank Fixed Deposit Rates
Equitas Small Finance Bank Fixed Deposit Rate
FD interest rates in Equitas Small Finance Bank are as follows:
| Tenure | Equitas FD Rates | |
| Regular Citizens | Senior Citizens | |
| 7-14 days | 5.00% | 5.60% |
| 15-29 days | 5.50% | 6.10% |
| 30-45 days | 6.00% | 6.60% |
| 46-62 days | 6.25% | 6.85% |
| 63-90 days | 6.25% | 6.85% |
| 91-120 days | 6.50% | 7.10% |
| 121-180 days | 6.50% | 7.10% |
| 181-210 days | 6.75% | 7.35% |
| 211-270 days | 6.75% | 7.35% |
| 271-364 days | 7.50% | 8.10% |
| 1 year to 18 months | 8.00% | 8.60% |
| 18 months 1 day to 2 years | 8.20% | 8.80% |
| 2 years 1 day to 3 years | 8.30% | 8.90% |
| 3 years 1 day to 4 years | 7.00% | 7.60% |
| 4 years 1 day to 5 years | 7.00% | 7.60% |
| 5 years 1 day to 10 years | 7.00% | 7.60% |
Note: Interest rate are applicable on deposits below ₹ 2 crore with effect from July 08, 2019.
Fincare Small Finance Bank Fixed Deposit Rate
FD interest rates in Fincare Small Finance Bank are as follows:
| Tenure | Fincare FD Interest Rate | |
| Regular Citizens | Senior Citizens | |
| 7 days to 45 days | 4.00% | 4.50% |
| 46 days to 90 days | 4.00% | 4.50% |
| 91 days to 180 days | 6.00% | 6.50% |
| 181 days to 364 days | 7.00% | 7.50% |
| 12 months to 15 months | 8.00% | 8.50% |
| 15 months 1 day to 18 months | 8.25% | 8.75% |
| 18 months 1 day to 21 months | 8.50% | 9.00% |
| 21 months 1 day to 24 months | 8.75% | 9.25% |
| 24 months 1 day to 36 months | 9.00% | 9.50% |
| 3 years 1 day to 5 years | 8.00% | 8.50% |
| 5 years 1 day to 7 years | 7.00% | 7.50% |
Note: Interest rate are applicable on deposits below ₹ 2 crore
Read more about Fincare Small Finance Bank FD Rates
1 Comment. Leave new
I am a Senior Citizen aged 68 years. I want to Do FD of 50 Lacs . Whish is the safest and best interest rate FD i can invest in. Kindly help me as I am getting confused.