Categories: Bank FDFixed DepositFixed Income

Best Bank Fixed Deposit Rates – August 2012

Fixed Deposit Rates

Below is the list of top banks Term Deposit or fixed deposit (FD) rates for tenure of 6 Months – 1 Year, 1 – 2 Years, 2 – 3 Years, 3 – 5 Years and more than 5 years as of August 3, 2012.

The best fixed deposit rates for 6 months to less than a year is offered by Central Bank of India, Corporation Bank and IDBI Bank at 9.00% per annum.
For 1 – 2 years the highest FD rate offered is 9.75% by Development Credit Bank and Dhanlaxmi Bank.
For 2 – 3 years the highest FD rate is 9.50% by Vijaya Bank.
For 3 -5 years the highest fixed deposit rate is 9.35% by Bank of Maharashtra
For more than 5 years the highest fixed deposit rate is 9.30% by Development Credit Bank

The best fixed deposit rates for each tenure have been highlighted.

Bank	6 Months – 364 Days	1 – 2 Years	2 – 3 Years	3 – 5 Years	5 Years +
Axis Bank	7.50	9.25	9.25-9.30	9.25	8.75
Bank of Baroda	6.75-7.50	8.75-8.85	8.75	8.50	8.00
Bank of India	8.00-8.25	9.25	9.00	9.00	9.00
Bank of Maharashtra	7.00-8.80	9.30	9.30	9.00-9.35	9.00
Canara Bank	8.00	9.00	9.00	9.00	9.00
Central Bank of India	8.25-9.00	9.00	8.75	8.75	8.50
Corporation Bank	9.00	9.25	9.00	9.00	9.00
Dena Bank	8.50	9.25	9.25	9.30	9.25
Development Credit Bank	6.75	8.00-9.75	8.00-9.30	8.00-9.30	8.00-9.30
Dhanlaxmi Bank	8.75	9.00-9.75	8.75	10.10	9.00
HDFC Bank	7.25-8.00	7.25-9.25	8.50-9.25	9.25	8.25
ICICI Bank	7.00-7.75	8.00-9.25	9.25	9.25	8.50
IDBI Bank	8.90-9.00	9.00-9.25	9.25	9.25	9.00
Indian Overseas Bank	8.00-8.50	9.25	9.25	9.25	9.00
IndusInd Bank	6.50-8.50	9.00-9.50	8.75-9.50	8.75	8.75
Kotak Mahindra Bank	7.50-8.75	9.25-9.40	9.00-9.25	9.00	9.00
Oriental Bank of Commerce	8.50	9.25	9.25	9.25	9.00
State Bank of India	7.25-7.50	9.00	9.00	8.75	8.75
Syndicate Bank	8.10-8.50	9.00-9.05	8.75	8.75	8.50
The Federal Bank	7.00-8.50	9.00-9.25	9.00	9.00	9.00
Union Bank of India	8.60-8.75	9.25	9.25	9.25	8.50-9.40
Vijaya Bank	8.50	9.50	9.50	9.30	9.25

All the Rates are in % per annum. Rates for deposits up to Rs. 15 lakhs.

Source: Bank Websites

Updated: August 03, 2012

Disclaimer: All care has been taken to update the correct interest rates being offered by banks, but it keeps on changing frequently. So, its a good idea to check with the respective bank before making any investment.

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.