Interest rates on fixed deposits | Comparison between interest rates offered by various Indian banks on fixed deposits

August 27th, 2010| Finance.

Interest rates on fixed deposits | Comparison between interest rates offered by various Indian banks on fixed deposits

RBI has taken many stands to control inflation.  So banks are now encouraging fixed deposits.  They are competing with each other to increase the interest rates.  The following are the interest rates offered by various banks on fixed deposits below Rs.15 lakhs.

Bank 6months – 1 year 1 to 2 years 2 -3 years 3-5 years 5-more
Bank of Baroda 6.00 7.00 7.25 7.25 7.25
Bank of India 5.50 – 5.75 6.50 6.75 7.00 7.00 – 7.50
Bank of Maharashtra 5.50 6.50 6.50 7.00 7.00
Canara Bank 5.75 – 6.06 7.00 7.25 7.50 7.50 – 7065
Central Bank of India 5.75 – 6.25 6.75 7.00 7.25 7.50
Corporation Bank 6.00 – 6.25 7.00 7.25–7.50 7.25 7.50
Dena Bank 5.50 6.50 6.75 7.25 7.25
Indian Overseas Bank 5.50 – 6.00 7.00 7.25 7.50 7.50
Oriental Bank of commerce 6.00 7.00 7.00- 7.50 7.25 7.50
State Bank of India 5.25 6.00 6.50 6.50 7.25 – 7.50
Syndicate Bank 6.00 – 6.50 7.25 7.25 7.50 7.50
Union Bank of India 5.00 – 5.75 6.75 7.00 7.25 7.50
Vijaya Bank 6.00 – 6.25 7.00 7.25 7.25 7.25
Axis bank 6.25 – 6.50 7.00– 7.25 7.75 7.75 7.50
Development Credit Bank 6.50 7.00 -7.25 7.75 7.75 7.50
HDFC Bank 5.75 – 6.50 6.50– 7.00 7.00- 7.50 7.50 7.50
ICICI Bank 5.50 – 6.25 6.50– 7.00 7.25– 7.50 7.75 7.75
ING Vysya Bank 5.25 – 6.25 6.75– 7.00 7.00 7.00 7.00
IDIB Bank 6.50 7.25– 7.50 7.50 7.75 7.75
Andhra Bank 6.25 7.00 7.25 7.25 7.50
Kotak Mahindra Bank 5.75 – 6.50 6.75– 7.25 7.50 7.50 7.50

Interest rates in percents, as on  11th August, 2010.

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