Latest Bank FD Interest Rates

Interest rates have steadily climbed down over the last 6 months and is expected to come down further in the next few months as RBI has cut down the rates. For senior citizens, it is still 10%+ for some terms so it is a good time to invest in these fixed deposits for long term before the interest rates come down significantly. The below mentioned interest rates are for normal residents, senior citizens get 0.25% to 1% more depending on the bank.

Click here to check fixed deposit rates for senior citizen.

Comparison of latest resident / NRO bank fixed deposit interest rates - as of 7 April, 2013:

Bank		6 mnth	1 year	2 year	3 year	4 year	5 year
Lakshmi Vilas Bank		8.50%	9.50%	9.25%	9.00%	9.00%	9.00%
Dhanlaxmi Bank		8.50%	9.25%	9.00%	9.00%	9.00%	9.00%
City Union Bank		7.50%	9.50%	10.00%	9.25%	9.25%	9.25%
Tamilnad Mercantile Bank		9.00%	10.00%	9.75%	9.50%	9.50%	9.50%
HSBC		7.00%	7.50%	7.25%	7.00%	7.25%	7.25%
ICICI		7.00%	9.00%	8.75%	8.75%	8.75%	8.75%
HDFC		8.00%	8.75%	8.75%	8.75%	8.75%	8.75%
Axis		7.50%	8.50%	9.30%	9.30%	9.30%	9.30%
IDBI		8.65%	8.75%	9.00%	9.00%	9.00%	9.00%
Kotak Bank		8.75%	9.00%	9.00%	9.00%	8.75%	8.75%
PNB		8.75%	9.00%	8.75%	8.75%	8.75%	8.75%
BOI		8.00%	9.00%	9.00%	9.00%	9.00%	9.00%
Oriental		8.50%	9.00%	9.00%	9.00%	9.00%	9.00%
Canara		8.00%	9.05%	9.05%	9.05%	9.05%	9.05%
SBI		6.50%	8.75%	8.75%	8.75%	8.75%	8.75%
Dena		8.50%	9.00%	9.25%	9.00%	9.00%	9.00%
Citibank		7.25%	7.25%	7.25%	7.25%	7.25%	7.25%
IndusInd		7.75%	9.25%	9.00%	9.25%	8.75%	8.75%
Yes		8.25%	9.00%	9.25%	9.00%	8.75%	8.75%

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