Best Fixed Deposit Rates in India 2020

By | November 16, 2020
Best-Fixed-Deposit-Rates-in-India-2020

In this post, you can see and compare Best Fixed Deposit Rates in India 2020. First of all, we should know what is Fixed Deposit ?.. A fixed deposit is a financial instrument provided by banks or NBFCs, which provides investors a higher interest rate than regular savings accounts until the given maturity date. It may or may not require the creation of a separate account.  Here are the detailed interest rates of All the Banks. Private Sector and Public Sector Banks.

Best Fixed Deposit Rates in India (Private Sector)

Axis Bank Fixed Deposit Rates 2020

Axis Bank is one of the best private banks in India. Axis Bank Fixed Deposit rates range from 2.75% to 6.00% for the period of 7 Days to 10 Years. Below is the Table of Interest rates as per period. Last updated as on 24th July 2020.

TenureFD Rates for General CitizensFD Rates for Senior Citizens
7 days to 14 days2.752.75
15 days to 29 days3.003.00
30 days to 45 days3.503.50
46 days to 60 days4.004.00
61 days < 3 months4.004.00
3 months < 4 months4.104.00
4 months < 5 months4.104.00
5 months < 6 months4.104.00
6 months < 7 months4.504.75
7 months < 8 months4.504.75
8 months < 9 months4.504.75
9 months < 10 months4.755.00
10 months < 11 months4.755.00
11 months < 11 months 25 days4.755.00
11 months 25 days < 1 year5.455.70
1 year < 1 year 5 days5.456.10
1 year 5 days < 1 year 11 days5.406.05
1 year 11 days < 1 year 25 days5.406.05
1 year 25 days < 13 months5.406.05
13 months < 14 months5.406.05
14 months < 15 months5.406.05
15 months < 16 months5.406.05
16 months < 17 months5.406.05
17 months < 18 months5.406.05
18 Months < 2 years5.456.10
2 years < 30 months5.506.15
30 months < 3 years5.506.00
3 years < 5 years5.506.00
5 years to 10 years5.506.00
Interest Rates Table of Axis Bank

Bandhan Bank Deposit Rates 2020

Bandhan Bank was granted a banking license by the Reserve Bank of India in 2015. Bandhan Bank offers competitive Interest rates. Check all interest rates below with all periods offered by Bank. Interest rates were last changed on 10th June 2020.

TenureFD Rates for General CitizensFD Rates for Senior Citizens
7 days to 14 day3.254.00
15 days to 30 days3.754.50
31 days to Less than 2 months3.754.50
2 months to less than 3 months3.754.50
3 months to less than 6 months4.255.00
6 months to less than 1 year5.155.90
1 year to 18 months6.257.00
Above 18 months to less than 2 years6.156.90
2 years to less than 3 years6.156.90
3 years to less than 5 years6.106.85
5 years to upto 10 years6.006.75

Catholic Syrian Bank Fixed Deposit Rates 2020

CSB Bank Limited is an Indian private sector bank with India.CSB Bank Limited offers aggressive Fixed Deposit interest rates in India. Check interest rated Table for the same.

TenureFD Rates for General CitizensFD Rates for Senior Citizens
1 Year5.61%6.14%
2 Years5.77%6.32%
3 Years5.94%6.52%
4 Years6.11%6.72%
5 Years6.28%6.94%
6 Years6.46%7.16%
7 Years6.65%7.39%
8 Years6.85%7.63%
9 Years7.06%7.88%
10 Years7.27%8.14%

City Union Bank Fixed Deposit Rates 2020

City Union Bank is a private bank established in 1904. The Headoffice of this bank is at  Kumbakonam, Tamil Nadu. City Union Bank offers a wide range of fixed deposit rates for citizens and senior citizens. Below is the list of rates.

PeriodFD Rates for General CitizensFD Rates for Senior Citizens
7 days to 14 days3.00%3.00%
15 days to 45 days3.25%3.25%
46 days to 90 days3.50%3.50%
91 days to 180 days3.75%3.75%
181 days to 270 days4.00%4.00%
271 days to 364 days5.00%5.00%
1 year5.50%6.00%
Above 1 year and up to 3 years5.75%6.25%
Above 3 years and up to 5 years
5.50%
6.00%
Above 5 years and upto 10 years5.50%5.25%
Tax Saver Schemes6.00%6.00%

DCB Bank Fixed Deposit Rates 2020

DCB Bank Limited is a Private Bank; Bank got a license for banking operation in 1995. DCB Bank offers attractive Fixed Deposit rates. Check yourself below.

Tenure FD Rates for General CitizensFD Rates for Senior Citizens
7 days to 14 days4.75%
5.25%
15 days to 45 days5.05%5.55%
46 days to 90 days5.25%5.75%
91 days to less than 6 months5.75%6.25%
6 months to less than 12 months6.40%6.91%
12 months6.66%7.19%
12 months 1 day to less than 15 months6.82%7.34%
15 months to less than 18 months6.98%7.52%
18 months to less than 700 days7.16%7.71%
700 days7.31%7.87%
More than 700 days to less than 36 months7.41%8.00%
36 months7.65%7.65%
More than 36 months to 60 months8.23%8.23%
More than 60 months to 120 months9.92%10.92%

Dhanlaxmi Bank Fixed Deposit Rates 2020

Dhanlaxmi Bank is a private Scheduled Bank that was incorporated in 1927. Dhanlaxmi Bank offers credit card, saving account, fixed deposit to its customers. Here is the Fixed Deposit rates summary.

TenureFD Rates for General CitizensFD Rates for Senior Citizens
7 days to 14 days3.503.50
15 days to 45 days3.503.50
46 days to 60 days4.004.00
61 days to 90 days4.004.00
91 days to 179 days4.254.25
180 days to less than one year4.504.50
Above 2 years upto & inclusive of 3 years5.506.00
Above 3 years upto & inclusive of 5 years5.506.00
Above 5 years upto & inclusive of 10 years5.606.10

Federal Bank Fixed Deposit Rates 2020

Federal Bank Limited is an Indian private sector bank. Head Office is in Kochi. Bank was incorporated in 1931. Federal Bank Limited offers a wide variety of Fixed Deposit schemes. Below is the Effective Annualised Rate pf Return for a single deposit less than Rs. 200 Lakh.

TenureFD Rates for General CitizensFD Rates for Senior Citizens
6 Months3.77%4.27%
9 Months4.55%5.04%
1 Year5.35%5.88%
2 Years5.50%6.05%
30 Months5.68%6.25%
3 Years5.94%5.94%
4 Years6.11%6.72%
5 Years6.28%6.94%
6 Years6.46%7.16%
7 Years6.65%7.39%
8 Years6.85%7.63%
9 Years7.06%7.88%
10 Years7.27%8.14%

HDFC Bank Fixed Deposit Rates 2020

HDFC Bank is a subsidiary of the Housing Development Finance Corporation and was incorporated in 1994. Headoffice is situated in Mumbai, Maharashtra, India. It’s the largest Private Bank in India.

TenureFD Rates for General CitizensFD Rates for Senior Citizens
7 – 14 days2.50%3.00%
15 – 29 days2.50%3.00%
30 – 45 days
3.00%3.50%
46 – 60 days3.00%3.50%
61 – 90 days3.00%3.50%
91 days – 6 months3.50%4.00%
6 mnths 1 days – 9 mnths
4.40%4.90%
9 months 1 day < 1 Year4.40%4.90%
1 Year4.90%5.40%
1 year 1 day – 2 years5.00%5.50%
2 years 1 day – 3 years5.15%5.65%
3 year 1 day- 5 years5.30%
5.80%
5 years 1 day – 10 years5.50%6.25%

ICICI Bank Fixed Deposit Rates 2020

ICICI Bank Limited was an Indian Bank incorporated in 1994. Its head office is situated in Mumbai, Maharashtra.ICICI Bank is one of the Big Four banks of India. It offers a wide range of services, including a Fixed Deposit. Here are the details of Fixed Deposit rates.

TenureFD Rates for General CitizensFD Rates for Senior Citizens
7 days to 14 days
2.50%3.00%
15 days to 29 days2.50%3.00%
30 days to 45 days3.00%3.50%
46 days to 60 days3.00%3.50%
61 days to 90 days3.00%3.50%
91 days to 120 days3.50%4.00%
121 days to 184 days3.50%4.00%
185 days to 210 days4.40%4.90%
211 days to 270 days
4.40%4.90%
271 days to 289 days
4.40%4.90%
290 days to less than 1 year4.40%4.90%
1 year to 389 days4.90%5.40%
390 days to < 18 months4.90%5.40%
18 months to 2 years5.00%5.50%
2 years 1 day to 3 years5.15%5.65%
3 years 1 day to 5 years5.35%5.85%
5 years 1 day to 10 years5.50%6.30%
5 Years (80C FD) – Max to ₹1.50 lac5.35%5.85%

IDBI Bank Fixed Deposit Rates 2020

Industrial Development Bank of India (IDBI Bank) was incorporated in 1964. Earlier it was a wholly-owned subsidiary of the Reserve Bank of India. IDBI Bank also offers a competitive fixed interest rate. Here are all the details.

TenureFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
0-6 DaysNANA
07-14 days2.90 3.40
15-30 days2.90 3.40
31-45 days3.00 3.50
46- 60 days3.25 3.75
61-90 days3.25 3.75
91-6 months3.90 4.40
6 months 1 day to 270 days4.40 4.90
271 days upto< 1 year4.40 4.90
1 year5.10 5.60
> 1 year – 2 years5.15 5.65
>2 years to < 3 years5.15 5.65
3 years to to < 5years5.155.65
5 years5.205.70
> 5 years – 7 years5.155.65
>7 years – 10 years5.15 5.65
>10 years – 20 years*4.80 5.30
 Tax Saving FD
5 years5.205.70

IDFC FIRST Bank Fixed Deposit Rates 2020

IDFC First Bank is the private limited bank incorporated in 2015. Its headquarters are situated in  Mumbai. IDFC and Capital First were merged to form IDFC First Bank. Here are the details of Fixed Deposit interest rates.

TenureFD Rates for General Citizens(%)
7 – 14 days2.75%
15 – 29 days3.00%
30 – 45 days3.50%
46 – 90 days4.00%
91 – 180 days4.50%
181 days – less than 1 year5.25%
1 year – 499 days5.75%
500 days6.00%
501 days – 2 years5.75%
5 year 1 day – 10 years5.75%
5 Years( TAX Saver)5.75%

The incentive for Senior Citizens will be at an additional spread of 0.50% over the above rate
and will not be available for NRE or NRO Fixed Deposits.

IndusInd Bank Fixed Deposit Rates 2020

IndusInd Bank Limited is an Indian private bank incorporated in 1994. Its head-quarts are in Pune. IndusInd Bank is the first among the new-generation private banks in India. IndusInd Bank offers a variety of Fixed Deposit options. Here are all the details.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 days to 14 days3.25%3.75%
15 days to 30 days3.25%3.75%
31 days to 45 days3.75%4.25%
46 days to 60 days4.10%4.60%
61 days to 90 days4.30%4.80%
91 days to 120 days4.50%5.00%
121 days to 180 days5.03%5.54%
181 days to 210 days5.44%5.94%
211 days to 269 days5.68%6.19%
270 days or below 1 year6.25%6.76%
1 Year to 1 Year 2 Days7.12%7.64%
1 Year 3 Days to 1 Year 2 Months7.19%7.71%
Above 1 Year 2 Months to below 1 Year 6 Months7.25%7.79%
1 Year 6 Months to below 1 Year 7 Months
7.31%7.86%
1 Year 7 Months to below 2 Years7.31%7.86%
2 years to below 2 years 6 Months7.44%8.01%
2 years 6 Months to below 2 years 9 Months7.65%8.24%
2 years 9 Months to below 3 years7.71%8.32%
3 years to below 61 month7.68%8.32%
61 month and above7.81%8.50%
Indus Tax Saver Scheme (5 years)7.95%8.65%

Jammu & Kashmir Bank Fixed Deposit Rates 2020

The Jammu and Kashmir Bank is a semi-private limited bank incorporated in 1938. One of the Founding members was the then King of Kashmir  Hari Singh. The Jammu and Kashmir Bank finally classified as a scheduled bank in 1976. Here are all the details of the Fixed deposit interest rate offers by Jammu and Kashmir Bank.

Maturity PeriodFD Rates for General Citizens(%)
7 days to 30 days
3.00%
31 days to 45 days3.10%
46 days to 90 days3.25%
91 days to 180 days4.00%
181 days to 270 days4.40%
271 days to less than 1 Year4.50%
1 year to less than 2 years5.10%
2 years to less than 3 years5.20%
3 years to less than 5 years5.30%
5 years to less than 10 years5.30%

Domestic Term Deposits of Senior Citizens of over 60 years of age shall continue to earn 0.50 % additional rate across all maturities.

Karnataka Bank Fixed Deposit Rates 2020

Karnataka Bank Limited is a private sector bank, incorporated in 1924. Its head office is registered in Mangalore. Karnataka Bank Limited offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 days to 45 days3.50N/A
46 days to 90 days5.00N/A
91 days to 364 days5.30N/A
1 year to 2 Years5.405.80
Above 2 Year to 5 years5.656.05
Above 5 year to 10 years5.706.10

Karur Vysya Bank Fixed Deposit Rates 2020

Karur Vysya Bank is a Scheduled Commercial Private Bank in India having headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. Karur Vysya Bank offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 Days to 14 days 3.50%N/A
15 Days to 30 days 3.75%N/A
31 Days to 45 days 3.75%N/A
46 Days to 90 days 3.75%N/A
91 Days to 180 Days4.75%N/A
181 Days to 270 days 4.75%N/A
271 Days to less than 1 year 5.00%N/A
1 year to less than 2 years 5.50%6.00%
2 years to less than 3 years 5.50%6.00%
3 years and above3 years and above6.15%
KVB – Tax Shield6.00%6.00%

Kotak Mahindra Bank Fixed Deposit Rates 2020

Kotak Mahindra Bank Limited is the second-largest Indian private sector bank headquartered in Mumbai, Maharashtra, India. 1985,  Uday Kotak founded it; earlier, it was a non-banking finance company. Kotak Mahindra Bank Limited is the first non-banking finance company in India to be converted into a bank. Kotak Mahindra Bank Limited offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 – 14 Days2.50%3.00%
15 – 30 Days2.50%3.00%
31 – 45 Days3.00%3.50%
46 – 90 Days3.00%3.50%
91 – 120 Days3.50%4.00%
121 – 179 days3.50%4.00%
180 Days4.50%5.00%
181 Days to 269 Days4.55%5.06%
270 Days
4.55%
5.06%
271 Days to 363 Days4.55%5.06%
364 Days4.55%5.06%
365 Days to 389 Days4.68%5.20%
390 Days (12 months 25 days)4.99%5.51%
391 Days – Less than 23 Months4.99%5.51%
23 Months5.09%5.61%
23 months 1 Day- less than 2 years5.09%5.61%
2 years- less than 3 years4.99%5.51%
3 years and above but less than 4 years4.99%5.51%
4 years and above but less than 5 years4.84%5.35%
5 years and above up-to and inclusive of 10 years4.58%5.09%

Lakshmi Vilas Bank Fixed Deposit Rates 2020

Lakshmi Vilas Bank Limited was incorporated on 3 November 1926 under the Indian Companies Act, 1913, and obtained the certificate to commence business on 10 November 1926 and later got a Banking from RBI on 19 June 1958. Lakshmi Vilas Bank is one of the oldest banks in India. Lakshmi Vilas Bank offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

Maturity PeriodRegular(%)Senior Citizen
(Not applicable for RD and NRO)
(%)
7-14 Days3.603.60
15-30 Days3.853.85
31-45 Days3.853.85
46-90 Days5.105.10
91-120 Days5.405.40
121-150 Days5.505.50
151-180 Days5.505.50
181 – 364 Days5.706.20
365 Days6.006.50
366 Days7.007.50
367 Days to less than three years6.006.50
3 Years to less than 5 Years6.006.50
5 Years to 10 Years6.006.50

Nainital Bank Fixed Deposit Rates 2020

The Nainital Bank Limited is the subsidiary of Bank of Baroda. Till 1975, it was a Private bank. In 1975 the government-owned Bank of Baroda (BOB), the second-largest bank in India, acquired this bank and made its subsidiary. Nainital Bank offices are situated in Nainital. Nainital Bank offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

Maturity RangeRates (%p.a.)
7 days to 14 days3.35%
15 days to 30 days3.35%
31 days to 45 days3.35%
46 days to 90 days4.35%
91 days to 179 days4.35%
180 days and above but less than 270 days5.05%
270 days and above but less than 1 year5.15%
1 year and above but less than or equal to 18 months5.25%
Above 18 months but less than or equal to 2 years5.35%
Above 2 years but less than or equal to 3 years5.35%
Above 3 years but less than or equal to 5 years5.35%
Above 5 years but less than or equal to upto 10 years5.35%
Naini Tax Saver Scheme*6.35%

Domestic Term Deposits for Senior Citizens: – Nainital Bank Pay Additional interest of 0.50% on Senior Citizen Domestic term deposit.

RBL Bank Fixed Deposit Rates 2020

RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and founded in 1943. It was incorporated in Kolhapur district on 14 June 1943 as Ratnakar Bank Limited. RBL Bank offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 to 14 days3.50%4.00%
15 to 45 days4.25%4.75%
46 to 90 days5.25%5.75%
91 to 180 days5.50%6.00%
181 to 240 days6.00%6.50%
241 to 364 days6.25%6.75%
12 months to less than 24 months6.85%7.35%
24 months to less than 36 months6.85%7.35%
36 months to 36 months 1 day7.15%7.65%
36 months 2 days to less than 60 months6.50%7.00%
60 months to less than 120 months6.50%7.00%
120 months to 240 months6.50%7.00%
Tax Savings Fixed Deposit (60 months)6.50%7.00%

South Indian Bank Fixed Deposit Rates 2020

South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala. South Indian Bank offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 days to 45 days3.50%4.00%
46 days to 90 days3.75%4.25%
91 days to less than 1 year5.00%5.50%
1 year to less than 3 years5.40%5.90%
3 years to less than 5 years5.50%6.00%
5 years5.50%NA
SIB Affection (Senior Citizen) – 5 yearsNA6.30%
Above 5 years to up to and including 10 years5.50%6.00%
Tax Gain ( 5 Years )5.50%6.30%

Tamilnad Mercantile Bank Fixed Deposit Rates 2020

Tamilnad Mercantile Bank Limited was incorporated in 1921 by Nadar Bank but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar Community. Its head office is situated in Thoothukudi, Tamilnadu. Tamilnad Mercantile Bank offers a wide range of services, including Fixed Deposit. Here are the latest fixed deposit rates.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
15-29 Days3.50%3.50%
30-45 Days3.75%3.75%
46-60 Days4.25%4.25%
61-90 Days4.25%4.25%
91- 179 Days5%5%
180-270 Days5.25%5.25%
271 days to less than1 year5.25%5.25%
1 year5.75%6.25%
Above 1 year to less than 20 months & 20 Days5.75%6.25%
20 months & 20 Days5.75%6.25%
Above 20 months 20 Dyas to less than 2 years5.75%6.25%
2 Years to Less than 3 years5.65%6.15%
3 years to 10 years5.50%5.50%
  1. Additional rate of interest payable on the terms deposit to senior Citizens shall not apply to NRO Term Deposit.
  2. An additional interest rate payable on the terms deposit to senior Citizens shall not apply for 3 years to 10 years.

YES Bank Fixed Deposit Rates 2020

Yes Bank Limited is an Indian private Sector Bank headquartered in Mumbai, It was founded by Rana Kapoor and Ashok Kapur in 2004. Yes Bank bank is one of the best private banks in India. Here is the latest and best Fixed Deposit rate of Yes bank.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 to 14 days3.50%4.00%
15 to 45 days4.00%4.50%
46 to 90 days4.50%5.00%
3 months to < 6 months5.00%5.50%
6 months to < 9 months5.54%6.04%
9 months to < 1 Year5.83%6.35%
3 Years to <= 10 years*6.66%7.19%
1 years < 2 years6.92%7.45%
2 years < 3 years7.19%7.98%

Best Fixed Deposit Rates in India (Public-Sector Banks)

Bank of Baroda Fixed Deposit Rates 2020

Bank of Baroda (BOB) is an Indian multinational, public sector bank headquartered in Gujrat. Vijya bank and Dena has been merged in BoB this year. Bank of Baroda is very completive in Public sector, its offers wide variety if interest rate on fixed deposit. Here are all the details.

Maturity PeriodFD Rates for General Citizens(%)
7 days to 14 days2.80
15 days to 45 days2.80
46 days to 90 days3.70
91 days to 180 days3.70
181 days to 270 days4.30
271 days & above and less than 1 year4.40
1 year4.90
Above 1 year to 400 days5.00
Above 400 days and up to 2 Years5.00
Above 2 Years and up to 3 Years5.10
Above 3 Years and up to 5 Years5.25
Above 5 Years and up to 10 Years5.25
Above 10 years (for MACT/MACAD – Court Order schemes only)5.10

Resident Senior Citizen  will get extra 0.50% for all tenors up to 5 years. and 1.00% for “Above 5 years to up to 10 years” tenor and valid till 31.12.2020.

Bank of India Fixed Deposit Rates 2020

Bank of India is the commercial bank in India. Bank of India was founded in 1906 by the group of eminent businessmen from Mumbai. Here are the latest fixed deposit interest rate.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7 days to 14 days3.253.25
15 days to 30 days3.253.25
31 days to 45 days3.253.25
46 days to 90 days4.253.25
91 days to 179 days4.254.25
180 days to 269 days4.754.75
270 days to less than 1 year4.754.75
1 Year & above but less than 2 Yrs5.255.25
2 years & above to less than 3 years5.305.30
3 years & above to less than 5 years5.305.30
5 years & above to less than 8 years5.305.55
8 years & above to 10 years5.305.55

Bank of Maharashtra Deposit Rates 2020

Bank of Maharashtra is a major public sector bank in India. Its has major presence in Maharashtra. The Bank was registered 1935. Here are the details of Fixed Deposit rates in India.

Maturity PeriodFD Rates for General Citizens(%)FD Rates for Senior Citizens(%)
7-45 days3.003.00
46-90 days3.503.50
91-180 days4.004.50
181-270 days4.254.75
271-364 days4.254.75
364 days/One year4.905.40
Over 1 years to 2 years4.905.40
Over 2 years to 3 years4.905.40
Above 3 years to 5 years4.905.40
Above 5 years4.905.40

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Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

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