Categories: Bank FDFixed DepositFixed Income

Best Long Term Bank Fixed Deposit Rates – Jan 2013

Fixed Deposit Rates

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.

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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.

Bank	Duration	Rate(%)	*Maturity (Rs.)**
Tamilnad Mercantile Bank Limited	Above 20m 20d to 5 years	9.50%	159,911
City Union Bank	501 days to 5 years	9.25%	157,970
Tamilnad Mercantile Bank Limited	Above 5 years to 10 years	9.25%	157,970
Canara Bank	5 years to 10 years	9.05%	156,433
Andhra Bank	Above 3 years to 10 years	9.00%	156,051
Bank of Baroda	Above 3 years to 10 years	9.00%	156,051
Bank of India	5 Years to less than 8 years	9.00%	156,051
Dena Bank	5 Years to less than 8 Years	9.00%	156,051
Indian Overseas Bank	5 Years and above	9.00%	156,051
Karnataka Bank	Above 3 Year to 5 years	9.00%	156,051
Punjab and Sind Bank	3 years to 5 Years	9.00%	156,051
State Bank of Bikaner and Jaipur	3 years and to 5 years	9.00%	156,051
The Karur Vysya Bank Limited	Above 3 years	9.00%	156,051
The Lakshmi Vilas Bank	Above 3 years	9.00%	156,051
Union Bank of India	3 year to 8 Years	9.00%	156,051
Vijaya Bank	5 years and above	9.00%	156,051
Allahabad Bank	5 years to 10 years	8.75%	154,154
Bank of Maharashtra	Above 3 Years to 10 years	8.75%	154,154
City Union Bank	Above 5 years to 10 years	8.75%	154,154
Corporation Bank	Above 2 Years	8.75%	154,154
HDFC Bank	3 years 1 day to 5 years	8.75%	154,154
IndusInd Bank	3 years to 61 months	8.75%	154,154
Karnataka Bank	Above 5 years to 10 years	8.75%	154,154
Punjab and Sind Bank	5 years to 10 Years	8.75%	154,154
South Indian Bank Limited	3 years to 10 years	8.75%	154,154
State Bank of Bikaner and Jaipur	5 years to 10 years	8.75%	154,154
State Bank of Hyderabad	5 Years to 10 years	8.75%	154,154
State Bank of Mysore	Above 3 Years	8.75%	154,154
The Catholic Syrian Bank	24 Months to 120 months	8.75%	154,154
TNSC Bank	36 months and above	8.75%	154,154
United Bank of India	5 years and above	8.75%	154,154
Axis Bank	5 years up to 10 years	8.50%	152,279
Central Bank of India	5 years and above	8.50%	152,279
ICICI Bank	5 years to 10 years	8.50%	152,279
IndusInd Bank	5 years to 10 years	8.50%	152,279
ING Vysya Bank	5 years to 10 years	8.50%	152,279
Post Office	5 years	8.50%	152,279
State Bank of India	5 years to 10 years	8.50%	152,279
State Bank of Travancore	5 years to 10 years	8.50%	152,279
Syndicate Bank	5 years to 10 years	8.50%	152,279
The Jammu and Kashmir Bank Limited	5 years to 10 years	8.50%	152,279
DBS India	5 years and above	8.30%	150,795
HDFC Bank	5 Year 1 Day to 10 Years	8.25%	150,426
Development Credit Bank Ltd.	5 years to 10 years	8.00%	148,595
Standard and Chartered Bank	4 Years to 5 Years	7.50%	144,995
Citi Bank	Above 1096 Days	7.25%	143,226
HSBC Bank India	48 months to 60 months	7.25%	143,226
Barclays Bank	4 Years 1 day to 7 years	6.00%	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.

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

Prasant Kumar says:

January 30, 2013 at 1:56 pm

I was looking for this info. Thanks!
- Amit says:
  
  January 30, 2013 at 2:01 pm
  
  Good to know it was helpful...