FD Interest Rates in India for Less Than 1 Year
| Bank | Tenure | Interest Rate |
|---|---|---|
| Kotak Mahindra Bank | 181 days to 363 days | 6.50% |
| Axis Bank | 6 months to 8 months 29 days | 6.25% |
| State Bank Of India | 180 days to 210 days | 6.35% |
| ICICI Bank | 61 days to 184 days | 6.00% |
| HDFC Bank | 46 days to 6 months | 5.75% |
| Bank of Baroda | 91 days to 180 days | 5.50% |
| IDFC Bank | 91 days to 180 days | 6.75% |
A conventional fixed
deposit scheme is an excellent option to preserve a part of your
savings. It offers a uniform interest flow that could be a lot reliable
than equity investments or mutual funds. However, when selecting a
fiscal institution to take the deposit from, you should thoroughly
consider some significant aspects.
The initial step in finding the standard fixed deposit rates will be to pitch out your exact requirements.
- Are you thinking to go for prolonged term investments?
- Are you ready to take risks?
You may not be certain! You may invest
in the longer course, but there are opportunities, and you can obtain
the sum before the predetermined period.
Based on few facts and figures, you can choose the best fixed term deposit.
Finding the Right Financial Organization & the Service:
It is recommended to look for banks,
instead of organizations that issue fixed deposit policies for the
investors. Some banks offer decent interest rates in a short period, and
others may provide better interest in longer run. The interest rates
allowed by the banks change regularly. You need to check the freshest
rates provided by the different banks from their respective websites.
Go for a Company only if:
A lot of organizations also offer FD
policies. The interest rates are lucrative. Though, most of the
organizations live up to the promise, others may be a Ponzi scheme.
To avoid any kind of disenchantment,
read about the company over the internet, see if it is a listed and
trustworthy name, and also that it has no history of fraudulent
activities.
A little hard work and research will
fetch you a great benefit in the minimum time possible. All you need to
do is deposit your saved funds in the bank account and see your money
multiply with time. Ensure that you benchmark with multiple sources to
keep maximum alternatives available with yourself.
Top 10 Banks Fixed Deposit Interest Rates in India
| Bank Name | Tenure | Interest Rate(p.a.) |
|---|---|---|
| Axis Bank | 7 days - 10 years | 3.50% - 6.90% |
| Bank of Baroda | 7 days - 10 years | 4.25% - 6.60% |
| Bank of India | 7 days - 10 years | 5.25% - 6.25% |
| Canara Bank | 7 days - 10 years | 4.20% - 6.00% |
| Central Bank of India | 7 days - 10 years | 4.75% - 6.50% |
| HDFC Bank | 7 days - 10 years | 3.50% - 6.00% |
| ICICI Bank | 7 days - 10 years | 4.00% - 6.50% |
| State Bank Of India | 7 days - 10 years | 5.75% - 6.75% |
| Yes Bank | 7 days - 10 years | 5.00% - 7.00% |
Top 10 Banks Fixed Deposit Interest Rates in India for Senior Citizens
| Bank Name | Tenure | Interest Rate(p.a.) |
|---|---|---|
| Axis Bank | 7 days - 10 years | 3.50% - 7.15% |
| Bank of Baroda | 7 days - 10 years | 4.75% - 7.10% |
| Bank of India | 7 days - 10 years | 5.25% - 6.75% |
| Canara Bank | 7 days - 10 years | 4.70% - 6.50% |
| Central Bank of India | 7 days - 10 years | 5.25% - 7.00% |
| HDFC Bank | 7 days - 10 years | 4.00% - 6.50% |
| ICICI Bank | 7 days - 10 years | 4.50% - 7.00% |
| State Bank Of India | 7 days - 10 years | 6.25% - 7.25% |
| Yes Bank | 7 days - 10 years | 5.50% - 7.50% |
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