Categories: Bank FDFixed DepositFixed Income

50 Best Bank Fixed Deposit Schemes – March 2013

Fixed Deposit Rates

With Budget 2013, there is speculation that Reserve Bank of India (RBI) would reduce interest rates going forward. This might decrease your EMI burden but would negatively impact people who invest in Fixed Deposits. We have already seen the interest rates on Tax Free Bonds have already come down.

I was also expecting fall in Bank FD Rates but on the contrary FD rates have been increased by 0.25% by banks like State bank of India (SBI) and PNB.

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

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The FD rates are as of February 28, 2013.

Fixed Deposit Highlights:

The highest Fixed Deposit Rate is 10% offered by City Union Bank for 500 Days
Most of the deposit in lists are of special duration such has 555 days, 1000 days, 1111 days, etc
For tenure of 1 Year the highest FD Rate is 9.50% by The Lakshmi Vilas Bank for 1 Year
For tenure of 1 to 2 Years the highest FD Rate is 10% by City Union Bank for 500 Days
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
For tenure of more than 5 Years the highest FD Rate is 9.25% by Union Bank of India for 7 years 7 months

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

Rate(%)	Duration	Bank
10.00%	500 days	City Union Bank
9.75%	20 months 20 days	Tamilnad Mercantile Bank Limited
9.65%	365 days and including 24 months	The Catholic Syrian Bank
9.50%	12 months to less than 20m20d	Tamilnad Mercantile Bank Limited
9.50%	365 days to 499 days	City Union Bank
9.50%	Above 20m20d to 5 years	Tamilnad Mercantile Bank Limited
9.50%	1 year	The Lakshmi Vilas Bank
9.30%	50 months to less than 60 months	Development Credit Bank Ltd.
9.25%	7 years 7 months	Union Bank of India
9.25%	1 Year (V-Vaibhav )	Vijaya Bank
9.25%	SBH – Double	State Bank of Hyderabad
9.25%	SBH – 500	State Bank of Hyderabad
9.25%	500 days	Punjab and Sind Bank
9.25%	555 days	Bank of India
9.25%	501 days to 5 years	City Union Bank
9.25%	Above 1 year to less than 2 years	The Lakshmi Vilas Bank
9.25%	1 year to below 1 years 2 months	IndusInd Bank
9.25%	15 Months 15 Days to 16 Months	Yes Bank
9.25%	366 days to 1095 days	ING Vysya Bank
9.25%	Above 2 years to 3 years	The Karur Vysya Bank Limited
9.25%	365 days	ING Vysya Bank
9.25%	Above 5 years to 10 years	Tamilnad Mercantile Bank Limited
9.25%	555 days	Central Bank of India
9.25%	2 years 6 months to below 2 years 9 months	IndusInd Bank
9.25%	13 months	Development Credit Bank Ltd.
9.25%	18 months	Development Credit Bank Ltd.
9.25%	19 months to 24 months	Development Credit Bank Ltd.
9.25%	36 months	Development Credit Bank Ltd.
9.25%	1 year to below 1 years 2 months	IndusInd Bank
9.25%	2 years 6 months to below 2 years 9 months	IndusInd Bank
9.25%	555 days (only for individuals)	TNSC Bank
9.15%	1111 Days (Baroda Maha Utsav Deposit Scheme)	Bank of Baroda
9.10%	1111 Days	Bank of India
9.10%	Above 2 YEARS & upto 3 years	State Bank of Mysore
9.05%	Golden Jubli Deposit (50 weeks)	State Bank of Bikaner and Jaipur
9.05%	8 YEARS and above to 10 years	Canara Bank
9.05%	5 YEARS and above to less than 8 years	Canara Bank
9.05%	3 YEARS and above to less than 5 years	Canara Bank
9.05%	2 YEARS and above to less than 3 years	Canara Bank
9.05%	1 year and above to less than 2 YEARS	Canara Bank
9.00%	12 months only	Corporation Bank
9.00%	1 year to less than 3 years	State Bank of Bikaner and Jaipur
9.00%	Above 1 Year to less than 2 Year	Vijaya Bank
9.00%	3 YEARS to less than 5 years except for 1111 days	Bank of India
9.00%	5 YEARS to less than 8 years	Bank of India
9.00%	364 days only	Corporation Bank
9.00%	3 year to less than 7 year 7 month	Union Bank of India
9.00%	greater than 7 year 7 month to 8 year	Union Bank of India
9.00%	1 year to less than 3 year	Union Bank of India
9.00%	1 Year to less than 2 Years	Indian Overseas Bank

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

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.

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View Comments

Chirag Gandhi says:

March 6, 2013 at 12:19 pm

Dear Amit,

This is really very helpful ... BUT this will become more useful if in addition of bank name you can add one more column to identify the type of Bank, Like Nationalised Bank, Co-Operative Bank, Privet Sector Bank OR Foreign Bank. :)

and if you can also add print this tab with social netowrking tab :)

Again Thanks for posting this kinds of useful information contineously ...
- Amit says:
  
  March 6, 2013 at 1:35 pm
  
  Hi Chirag
  
  Would add the classification of banks.
  
  About the print options, let me find out the right plugin and would do it in next few days.
  
  Thanks for sharing your thoughts
  Amit