50 Best Bank Fixed Deposit Schemes – Jan 2013

There is speculation that RBI in next monetary policy review next week is going to reduce interest rates. On one side it would decrease your EMI burden while on the other side it would also reduce interest rates on Fixed Deposits. So it might be good idea to invest in Fixed Deposits before rates go down.

Here is 50 Best Fixed deposit scheme spanning across various banks and different tenures that you can choose from.

The rates are applicable for general public as of January 18, 2013. Some banks/ tenures may offer higher interest rates for Senior citizens or their employees or ex-employees.

Click for Best Interest Rate on FDs for General public

Click for Best Interest Rate on FDs for Senior Citizens

Fixed Deposit Highlights:

  1. The highest Fixed Deposit Rate is 10% offered by City Union Bank for 500 Days
  2. Most of the deposit in lists are of special duration such has 555 days, 1000 days, 1111 days, etc
  3. For tenure of less than 1 Year the highest FD Rate is 9.05% by State Bank of Bikaner and Jaipur for 50 Weeks
  4. For tenure of 1 to 2 Years the highest FD Rate is 10% by City Union Bank for 500 Days
  5. For tenure of 2 to 5 Years the highest FD Rate is 9.50% by Tamilnad Mercantile Bank Limited for Above 1 Year to 5 years
  6. For tenure of more than 5 Years the highest FD Rate is 9.25% by Tamilnad Mercantile Bank Limited for 5 to 10 Years

The list below is shorted by Fixed Deposit interest rates offered.

Rate (%) Duration Bank
10.00% 500 days City Union Bank
9.75% 20 months 20 days Tamilnad Mercantile Bank Limited
9.50% 1 Year to 5 Years Tamilnad Mercantile Bank Limited
9.50% 365 days and including 24 months The Catholic Syrian Bank
9.50% 365 days to 499 days City Union Bank
9.50% 1 year The Lakshmi Vilas Bank
9.30% 50 months to less than 60 months Development Credit Bank Ltd.
9.25% SBH – Double State Bank of Hyderabad
9.25% 1 Year to less than 2 Years Vijaya Bank
9.25% SBH – 500 State Bank of Hyderabad
9.25% 500 days Punjab and Sind Bank
9.25% Mahanidhi (444 Days) Bank of Maharashtra
9.25% 555 days Bank of India
9.25% Above 1 year to less than 2 years The Lakshmi Vilas Bank
9.25% 1 year to below 1 years 2 months IndusInd Bank
9.25% 15 Months 15 Days to 16 Months Yes Bank
9.25% Above 5 years to 10 years Tamilnad Mercantile Bank Limited
9.25% 501 days to 5 years City Union Bank
9.25% Above 2 years to 3 years The Karur Vysya Bank Limited
9.25% 7 year 7 month Union Bank of India
9.25% 2 years 6 months to below 2 years 9 months IndusInd Bank
9.25% 13 months Development Credit Bank Ltd.
9.25% 18 months Development Credit Bank Ltd.
9.25% 19 months to 24 months Development Credit Bank Ltd.
9.25% 36 months Development Credit Bank Ltd.
9.25% 1 year to below 1 years 2 months IndusInd Bank
9.25% 2 years 6 months to below 2 years 9 months IndusInd Bank
9.25% 555 days (only for individuals) TNSC Bank
9.15% 1111Days (Baroda Maha Utsav Deposit Scheme) Bank of Baroda
9.10% 1111 Days Bank of India
9.10% 1 Year (V-Vaibhav ) Vijaya Bank
9.10% Above 2 YEARS & upto 3 years State Bank of Mysore
9.05% Golden Jubliee Deposit (50 weeks) State Bank of Bikaner and Jaipur
9.00% 1 year to less than 3 years State Bank of Bikaner and Jaipur
9.00% 3 YEARS to less than 5 years Bank of India
9.00% 5 YEARS to less than 8 years Bank of India
9.00% 3 Years to less than 5 Years Indian Overseas Bank
9.00% 2 years to less than 3 years Vijaya Bank
9.00% 2 Years to 3 Years Indian Overseas Bank
9.00% 1 Year only Corporation Bank
9.00% 1 Year Bank of Maharashtra
9.00% 3 years and to 5 years State Bank of Bikaner and Jaipur
9.00% 3 years to less than 5 years Vijaya Bank
9.00% SBH – 1000 State Bank of Hyderabad
9.00% 3 years to 5 Years Punjab and Sind Bank
9.00% 5 Years and above Indian Overseas Bank
9.00% 1 Year Dena Bank
9.00% Above 1 year to less than 2 years Dena Bank
9.00% 1 Year to less than 2 Years Indian Overseas Bank

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

7 thoughts on “50 Best Bank Fixed Deposit Schemes – Jan 2013

  1. I think I should open an account with Tamilnad Mercantile Bank Limited as they are always on top when it comes to fixed deposits weather for domestic or NRI investors.

  2. Thanks for the info! Its convenient in choosing FDs.

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