Increased interests on fixed deposits at various banks | On account of RBI new policies, banks have hiked interest rates on FDs

Increased interests on fixed deposits at various banks | On account of RBI new policies, banks have hiked interest rates on FDs

Banks are now encouraging fixed deposits because of some decisions taken by RBI recently. They are competing with each other in hiking interest rates on fixed deposits. Following are the details of interest offered by banks on fixed deposits of less than Rs. 15 lakhs.

Banks Duration
6 months-1 year 1 to 2 years 2 to 3 years 3 to 5 years Above 5 years
Bank of Baroda 6.00 – 6.25 7.25 -7.60 7.25 7.25 7.25
Bank of India 6.50 – 6.75 7.50 7.25 7.25 7.00
Bank  of Maharashtra 6.00 – 6.25 7.25 – 7.50 7.50 7.50 7.50
Central Bank of India 5.75 – 6.25 7.35 – 7.55 7.50 7.60 7.60 – 7.85
Corporation Bank 6.00 – 6.25 7.00 7.25 – 7.50 7.25 7.50
Dena Bank 6.00 – 6.25 7.25 7.50 7.50 7.50
Indian Overseas Bank 6.75 – 7.75 7.25 – 8.00 7.25 – 7.75 7.75 7.75
Oriental Bank of Commerce 6.25 – 6.50 7.50 7.50 -7.75 7.50 8.00
State Bank of India 6.00 7.00 – 7.50 7.25 – 7.75 7.25 7.50 – 7.75
Syndicate Bank 6.50 – 6.75 7.25 – 7.75 7.75 – 7.80 7.75 7.75
Union Bank of India 5.75 – 6.00 7.25 7.25 7.50 7.50 – 8.00
Vijaya Bank 6.25 – 7.00 7.25 – 7.75 7.50 7.50 7.50
Axis Bank 6.25 – 6.50 7.25 7.50 7.00 7.00
Development Credit Bank 6.50 7.75 – 8.25 7.75 7.75 7.50
HDFC Bank 5.75 – 6.75 7.00 – 7.25 7.25 – 7.50 7.50 7.50
ICICI Bank 5.75 – 6.50 6.75 – 7.50 7.50 – 8.00 8.00 8.00
ING Vysya Bank 6.50 – 7.00 7.50 7.75 7.75 8.00
IDBI Bank 6.85 – 7.25 7.60 – 7.75 8.00 8.00 -8.25 8.00 – 8.25
Andhra Bank 6.25 7.50 7.25 7.25 8.00
Kotak Mahindra Bank 6.50 – 7.00 7.50 – 7.75 7.80 -8.00 7.80 7.80

Interest rates are given in percentages. These rates are present as of 3rd November,  2010. For more details, visit www. appnapaisa.com

Get updates instantly regarding fixed deposits. Enter your email address: 

Leave a Reply

Your email address will not be published. Required fields are marked *