Best Long Term Bank Fixed Deposit Rates – Jan 2013

With rates cut announced by Reserve Bank of India (RBI) yesterday, its good idea to lock investments in long term bank fixed deposit schemes.

The table below shows the best bank fixed deposit rates for tenure of 5 years or more and the maturity amount for Rs 1 Lakh for General Public. Senior citizens can expect 0.5% above these rates.

Click for Best Interest Rate on FDs for General public

Click for Best Interest Rate on FDs for Senior Citizens

Highlights:

  • The best 5 year FD rate is provided by Tamilnad Mercantile Bank Limited at 9.5%.
  • The deposits are compounded quarterly and the maturity amount reflects that.
BankDurationRate(%)Maturity *(Rs.)
Tamilnad Mercantile Bank LimitedAbove 20m 20d to 5 years9.50%159,911
City Union Bank501 days to 5 years9.25%157,970
Tamilnad Mercantile Bank LimitedAbove 5 years to 10 years9.25%157,970
Canara Bank5 years to 10 years9.05%156,433
Andhra BankAbove 3 years to 10 years9.00%156,051
Bank of BarodaAbove 3 years to 10 years9.00%156,051
Bank of India5 Years to less than 8 years9.00%156,051
Dena Bank5 Years to less than 8 Years9.00%156,051
Indian Overseas Bank5 Years and above9.00%156,051
Karnataka BankAbove 3 Year to 5 years9.00%156,051
Punjab and Sind Bank3 years to 5 Years9.00%156,051
State Bank of Bikaner and Jaipur3 years and to 5 years9.00%156,051
The Karur Vysya Bank LimitedAbove 3 years9.00%156,051
The Lakshmi Vilas BankAbove 3 years9.00%156,051
Union Bank of India3 year to 8 Years9.00%156,051
Vijaya Bank5 years and above9.00%156,051
Allahabad Bank5 years to 10 years8.75%154,154
Bank of MaharashtraAbove 3 Years to 10 years8.75%154,154
City Union BankAbove 5 years to 10 years8.75%154,154
Corporation BankAbove 2 Years8.75%154,154
HDFC Bank3 years 1 day to 5 years8.75%154,154
IndusInd Bank3 years to 61 months8.75%154,154
Karnataka BankAbove 5 years to 10 years8.75%154,154
Punjab and Sind Bank5 years to 10 Years8.75%154,154
South Indian Bank Limited3 years to 10 years8.75%154,154
State Bank of Bikaner and Jaipur5 years to 10 years8.75%154,154
State Bank of Hyderabad5 Years to 10 years8.75%154,154
State Bank of MysoreAbove 3 Years8.75%154,154
The Catholic Syrian Bank24 Months to 120 months8.75%154,154
TNSC Bank36 months and above8.75%154,154
United Bank of India5 years and above8.75%154,154
Axis Bank5 years up to 10 years8.50%152,279
Central Bank of India5 years and above8.50%152,279
ICICI Bank5 years to 10 years8.50%152,279
IndusInd Bank5 years to 10 years8.50%152,279
ING Vysya Bank5 years to 10 years8.50%152,279
Post Office5 years8.50%152,279
State Bank of India5 years to 10 years8.50%152,279
State Bank of Travancore5 years to 10 years8.50%152,279
Syndicate Bank5 years to 10 years8.50%152,279
The Jammu and Kashmir Bank Limited5 years to 10 years8.50%152,279
DBS India5 years and above8.30%150,795
HDFC Bank5 Year 1 Day to 10 Years8.25%150,426
Development Credit Bank Ltd.5 years to 10 years8.00%148,595
Standard and Chartered Bank4 Years to 5 Years7.50%144,995
Citi BankAbove 1096 Days7.25%143,226
HSBC Bank India48 months to 60 months7.25%143,226
Barclays Bank4 Years 1 day to 7 years6.00%134,686
* Maturity Amount is based on investment of Rs 1 Lakh for 5 Years with Quarterly compounding

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

3 thoughts on “Best Long Term Bank Fixed Deposit Rates – Jan 2013

  1. Prasant Kumar says:

    I was looking for this info. Thanks!

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