50 Best Bank Fixed Deposit Schemes – Jan 2013

There is speculation that RBI in next monetary policy review next week is going to reduce interest rates. On one side it would decrease your EMI burden while on the other side it would also reduce interest rates on Fixed Deposits. So it might be good idea to invest in Fixed Deposits before rates go down.

Here is 50 Best Fixed deposit scheme spanning across various banks and different tenures that you can choose from.

The rates are applicable for general public as of January 18, 2013. Some banks/ tenures may offer higher interest rates for Senior citizens or their employees or ex-employees.

Click for Best Interest Rate on FDs for General public

Click for Best Interest Rate on FDs for Senior Citizens

Fixed Deposit Highlights:

  1. The highest Fixed Deposit Rate is 10% offered by City Union Bank for 500 Days
  2. Most of the deposit in lists are of special duration such has 555 days, 1000 days, 1111 days, etc
  3. For tenure of less than 1 Year the highest FD Rate is 9.05% by State Bank of Bikaner and Jaipur for 50 Weeks
  4. For tenure of 1 to 2 Years the highest FD Rate is 10% by City Union Bank for 500 Days
  5. For tenure of 2 to 5 Years the highest FD Rate is 9.50% by Tamilnad Mercantile Bank Limited for Above 1 Year to 5 years
  6. For tenure of more than 5 Years the highest FD Rate is 9.25% by Tamilnad Mercantile Bank Limited for 5 to 10 Years

The list below is shorted by Fixed Deposit interest rates offered.

Rate (%)DurationBank
10.00%500 daysCity Union Bank
9.75%20 months 20 daysTamilnad Mercantile Bank Limited
9.50%1 Year to 5 YearsTamilnad Mercantile Bank Limited
9.50%365 days and including 24 monthsThe Catholic Syrian Bank
9.50%365 days to 499 daysCity Union Bank
9.50%1 yearThe Lakshmi Vilas Bank
9.30%50 months to less than 60 monthsDevelopment Credit Bank Ltd.
9.25%SBH – DoubleState Bank of Hyderabad
9.25%1 Year to less than 2 YearsVijaya Bank
9.25%SBH – 500State Bank of Hyderabad
9.25%500 daysPunjab and Sind Bank
9.25%Mahanidhi (444 Days)Bank of Maharashtra
9.25%555 daysBank of India
9.25%Above 1 year to less than 2 yearsThe Lakshmi Vilas Bank
9.25%1 year to below 1 years 2 monthsIndusInd Bank
9.25%15 Months 15 Days to 16 MonthsYes Bank
9.25%Above 5 years to 10 yearsTamilnad Mercantile Bank Limited
9.25%501 days to 5 yearsCity Union Bank
9.25%Above 2 years to 3 yearsThe Karur Vysya Bank Limited
9.25%7 year 7 monthUnion Bank of India
9.25%2 years 6 months to below 2 years 9 monthsIndusInd Bank
9.25%13 monthsDevelopment Credit Bank Ltd.
9.25%18 monthsDevelopment Credit Bank Ltd.
9.25%19 months to 24 monthsDevelopment Credit Bank Ltd.
9.25%36 monthsDevelopment Credit Bank Ltd.
9.25%1 year to below 1 years 2 monthsIndusInd Bank
9.25%2 years 6 months to below 2 years 9 monthsIndusInd Bank
9.25%555 days (only for individuals)TNSC Bank
9.15%1111Days (Baroda Maha Utsav Deposit Scheme)Bank of Baroda
9.10%1111 DaysBank of India
9.10%1 Year (V-Vaibhav )Vijaya Bank
9.10%Above 2 YEARS & upto 3 yearsState Bank of Mysore
9.05%Golden Jubliee Deposit (50 weeks)State Bank of Bikaner and Jaipur
9.00%1 year to less than 3 yearsState Bank of Bikaner and Jaipur
9.00%3 YEARS to less than 5 yearsBank of India
9.00%5 YEARS to less than 8 yearsBank of India
9.00%3 Years to less than 5 YearsIndian Overseas Bank
9.00%2 years to less than 3 yearsVijaya Bank
9.00%2 Years to 3 YearsIndian Overseas Bank
9.00%1 Year onlyCorporation Bank
9.00%1 YearBank of Maharashtra
9.00%3 years and to 5 yearsState Bank of Bikaner and Jaipur
9.00%3 years to less than 5 yearsVijaya Bank
9.00%SBH – 1000State Bank of Hyderabad
9.00%3 years to 5 YearsPunjab and Sind Bank
9.00%5 Years and aboveIndian Overseas Bank
9.00%1 YearDena Bank
9.00%Above 1 year to less than 2 yearsDena Bank
9.00%1 Year to less than 2 YearsIndian Overseas Bank

Disclaimer: Interest rates can change from time to time. Please check the latest interest rates with the bank before investing.

7 thoughts on “50 Best Bank Fixed Deposit Schemes – Jan 2013

  1. I think I should open an account with Tamilnad Mercantile Bank Limited as they are always on top when it comes to fixed deposits weather for domestic or NRI investors.

    • Yes Tamilnad Mercantile Bank Limited are always on top on fixed deposit interest rates. But you don’t need an account for doing FD.

  2. Thanks for the info! Its convenient in choosing FDs.

Leave a Reply

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