Bank Interest Rates: India

by Manshu on July 3, 2009

in Investments

Update: March 19th 2011

Here is a list of 20 bank interest rates of Indian banks. These are applicable from Jan 10th 2011, and the banks may change this anytime, so this list may not be up to date. Each bank name is linked to the website of the bank and clicking it will land you on the page which has the latest deposit rates. Click that to ensure that the data you are viewing is up to date.

Most banks have laid out terms which are not very easy to compare from one to another, and so I have taken the rates which I found on most websites. Most of these rates are for deposits of under Rs. 15 lakhs.

I stopped at 20 because each bank has listed out its terms differently and I wasn’t happy with the bank interest rate comparison chart that follows.  Treat this  as a sort of a rough comparison chart of interest rates offered by Indian banks.

Update: Despite its limitations and lot of people found this page useful, so I decided to include a few more banks and provide you a list of 30 banks here.


S.No. Bank 1 Year to < 2 years 2 Years to < 3 years 3 Years to < 5 years More than 5
1 Allahabad Bank 8.75% 8.50% 8.50% 8.00%
2 Andhra Bank 9.25% 8.50% 8.60% 8.00%
3 Axis Bank 9.25% 8.50% 8.50% 8.50%
4 Bank of Baroda 9.35% 9.00% 8.50% 8.50%
5 Bank of India 9.25% 8.25% 8.25% 7.00%
6 Bank of Maharashtra 8.30% 8.60% 8.60% 8.30%
7 Canara Bank 9.10% 9.25% 8.75% 8.75%
8 Central Bank of India 9.25% 8.75% 8.80% 8.80%
9 Dena Bank 9.00% 9.00% 9.00% 8.75%
10 HDFC Bank 8.50% 9.25% 8.25% 8.25%
11 ICICI Bank 9.25% 9.25% 8.75% 8.75%
12 IDBI Bank 9.25% 9.25% 9.00% 9.00%
13 Indian Bank 9.50% 8.50% 8.50% 8.00%
14 Indian Overseas Bank 9.25% 8.75% 9.00% 9.00%
15 Indus Ind Bank 9.00% 8.75% 9.50% 8.75%
16 J&K Bank 9.50% 8.75% 8.50% 8.50%
17 Karnataka Bank 9.75% 9.50% 9.25% 8.75%
18 Karur Vysya Bank 10.25% 9.75% 9.00% 9.00%
19 Kotak Bank 9.25% 9.40% 9.25% 9.25%
20 PNB        
21 Punjab and Sind Bank 9.55% 9.60% 9.05% 8.75%
22 South Indian Bank 9.75% 8.75% 8.75% 8.25%
23 State Bank of Hyderabad % 9.25% 8.75% 8.75%
24 State Bank of India 8.75% 9.25% 8.25% 8.50%
25 State Bank of Patiala 9.00% 9.75% 8.50% 8.50%
26 State Bank of Travancore 9.50% 9.60% 9.25% 9.00%
27 Syndicate Bank 9.25% 9.25% 9.00% 8.60%
28 UCO Bank 9.00% 8.50% 8.50% 8.00%
29 Union Bank of India 8.60% 9.25% 8.75% 9.40%
30 Vijaya Bank 9.35% 9.25% 8.50% 8.25%

Click on the New Here page to see how you can make the best use of this site.

Update: For some time there used to another fixed deposit interest rates in India page which had a few more banks than given in this list, but now I have included all those here as well.

Click on the New Here page that tells you how to make the best use of this site.

{ 39 comments… read them below or add one }

V G Bhat March 24, 2011 at 10:03 am

Plz keep me posted of your articles.


Manshu March 24, 2011 at 4:35 pm

The best way to do that is to subscribe to the daily email by clicking on this link:


Geetha March 25, 2011 at 2:43 am

Hi All,

I want to deposit 150000 for a period of 3-6 months in bank.
Can anyone please tell which bank will be better to deposit money for short period.

Geetha R.


Rajesh March 31, 2011 at 12:25 am

I want to deposit 20,00,000 for a period of 12-60 months in bank.
Can anyone please tell which bank will be better to deposit money for short period.



irfan pasha April 7, 2011 at 7:44 pm

pleas give me detals of FD and home loan rates of intrest


Manshu April 8, 2011 at 11:02 am

Details are fixed deposit is what the article is all about 🙂


Ringo May 8, 2011 at 7:22 pm

Here’s another website with interest rates of most of the Indian banks. The advantage here is you get to see all the terms available for each of the banks on a single page.


vikram somani May 11, 2011 at 11:09 am

You have misssed out Yes bank in the list which always offers higher intrtest rates presently offering intrest rate @ 9.60 %


Tejas July 18, 2011 at 12:03 pm

Hi All,

Those who are interested to park in their money for a shorter period, here a good one.
The Greater Mumbai Bank offers 10.5% for Senior Citizens for 180 days and 10.6% for 360 days tenure.

Corporation bank also offers good returns. Check it out.


Inderjit singh July 25, 2011 at 7:18 pm

can u give me the rate of interest on the various bank accounts


vapurda August 1, 2011 at 2:33 pm

Yours is a very informative article. Request you to collate similarly the bank interest rates revised wrt 1 August 2011


Manshu August 1, 2011 at 6:39 pm

Thank you – will update shortly – most likely this coming weekend.


k.k.manjul August 10, 2011 at 10:47 am

it appears this is not updated.


Umesh September 6, 2011 at 8:34 pm

Hi Manshu

I hope that the readers of onemint will find following links useful

A. Get the Highest FD Interest Rates
1. For Fixed Deposits
2. Tax Savings Fixed Deposits
3. NRI Fixed Deposits

A (a) Fixed Deposit Rates
You can get FD rates based on institution types like banks (Public Sector / Nationalized Banks, Indian Private Sector Banks, Foreign Banks, Cooperative Banks, Post Office Savings Schemes, Companies etc.). You can get interest rates selecting as per deposit period range or you can select specific deposit period for your fixed deposit. You can also search for senior citizen and non senior rates as well. Many banks pay different rates of interest for large deposits, you can select this criteria as well.

The search is broadly categorized in 4 types:

1. FD rates based on institution type/deposit period range
2. FD rates based on institution type/specific deposit period
3. FD rates in selected institutions/deposit period range
4. FD rates in selected institutions/deposit period range

You then fill your search criteria and the resulting table can runs into hundreds of pages. In many cases you have to narrow your search or you have to be specific in your search so that the table may not run in many pages.

You can sort this table as per you choice as per alphabetical list of institutions, period of deposit and rate of interest (highest to lowest) by clicking on the first row of the table.

B. Calculators

Fixed Deposit Interest Calculator – Calculate how much interest payments you can get based on your fixed deposit amount, interest rate and interest payment period.

FD Maturity Calculator – Calculate the maturity amount and effective yield (compound interest rate) of your fixed deposit based on your deposit amount, interest rate and duration

C. Find Bank IFSC Codes, MICR Codes, Postal Addresses



Ashok Mehta September 18, 2011 at 2:05 am

I’d like to monitor my FD figures and am plannning to calculate my FD maturity figures myself. So I am keen to know whether interest is compounded quaterly or monthly by Canara Bank.

Best Regards,

Ashok Mehta


Manshu September 18, 2011 at 10:21 pm

It should be quarterly, but you could just check with them and be a 100% sure.


Sheetal Jain November 15, 2011 at 12:29 pm

I am Looking For Tax Saving Fixed Deposit 5Yr or more(Under the Exemption of 80C).
Please tell me the current Interest Rates for various Banks(in Tabulated Format) for 5yrs & more time Fixed Deposit.

Thanks & Regards
Sheetal Jain


Manshu November 16, 2011 at 12:04 am

Sheetal – here is a full post on the topic that has a list of banks with relatively higher interest rates on tax saving fixed deposits.


SUBHAMOY GHOSH December 11, 2011 at 10:15 am

let me know banking fd interest since 1990 to 2011


Manshu December 13, 2011 at 2:19 am

Don’t have that.


ashley January 3, 2012 at 5:05 pm

thanks this article is very useful 4 me again thanks .


bharat khandre January 11, 2012 at 6:39 pm

sir i want to the interst rate


Manshu January 12, 2012 at 2:28 am



sumit kumar January 27, 2012 at 10:51 am

i, dont understnd why this bank gives so low rates of intrest on the savings and fixed deposits…
as i uses our money for the trading and makes huges profit.. then why so low rates of interest on our money……..


Sahil March 27, 2012 at 5:43 pm

this is last week of march. give me top 5 banks where best interest for tax saving fd.


Manshu April 2, 2012 at 4:35 am

Getting to this comment very late, but you did wait till the very last moment too, I hope you got a FD going somewhere. There was a post about this which was updated in Feb.


Sunny April 9, 2012 at 12:42 pm

I am looking forward the interest rate (bank rate ) of the following financial years can u please help me out how can i found out that ??
Years are


Manshu April 9, 2012 at 4:20 pm

No, I don’t have that info unfortunately.


Hulesh April 28, 2012 at 11:23 am

If I open a 5 yearly tax saving fixed deposit the interest that I get is taxable.
My query is that if I open a fixed deposit for less than 5 years (not for 80C exemption) the interest that I get from this deposit is also taxable or not? Or if you can throw some light on TDS or deposit interest more than 10,000, would be appreciable.


Manshu April 28, 2012 at 6:49 pm

Yes interest is taxable, TDS is charged on interest that exceeds 10,000 and is charged at 10% plus service tax.


supriyo May 16, 2012 at 7:05 pm

Please provide te current rate of interest for home loans in respect of all nationalised banks.


Manshu May 17, 2012 at 4:25 am

I don’t have info on that I’m afraid.


rangamannar June 20, 2012 at 4:52 pm

please provide me with the savings bank account interest rates of nationalised bank (state bank of india) for the period 2002 to 2012


sona June 27, 2012 at 4:43 pm

why do different banks have different saving rates?


AYUSH GUPTA June 28, 2012 at 10:40 pm



Manshu July 1, 2012 at 8:29 pm

Don’t have that, sorry.


A. S. Shelke July 4, 2012 at 2:33 pm

Pl. give me the interest rate on RD as on 30.06.2011.

I have started my RD installment is 2000/- p.m. since 30.06.2011 for 12 months then give me the exact amount of interest after closing the RD. (I closed RD on 04.07.2012)





A. S. Shelke July 4, 2012 at 2:35 pm

Pl. give me the interest rate on RD as on 30.06.2011.

I have started my RD installment is 2000/- p.m. since 30.06.2011 for 12 months in STATE BANK OF INDIA then give me the exact amount of interest after closing the RD. (I closed RD on 04.07.2012)





Ekambaram.k October 6, 2012 at 8:03 pm

Dear Sir,

Let me know how to find INDIAN BANK FD Interest rate during the year december 2009.



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