50 Best Bank Fixed Deposit Schemes – March 2013

With Budget 2013, there is speculation that Reserve Bank of India (RBI) would reduce interest rates going forward. This might decrease your EMI burden but would negatively impact people who invest in Fixed Deposits. We have already seen the interest rates on Tax Free Bonds have already come down.

I was also expecting fall in Bank FD Rates but on the contrary FD rates have been increased by 0.25% by banks like State bank of India (SBI) and PNB.

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

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The FD rates are as of February 28, 2013.

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 1 Year the highest FD Rate is 9.50% by The Lakshmi Vilas Bank for 1 Year
  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 Union Bank of India for 7 years 7 months

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
9.65% 365 days and including 24 months The Catholic Syrian Bank
9.50% 12 months to less than 20m20d Tamilnad Mercantile Bank Limited
9.50% 365 days to 499 days City Union Bank
9.50% Above 20m20d to 5 years Tamilnad Mercantile Bank Limited
9.50% 1 year The Lakshmi Vilas Bank
9.30% 50 months to less than 60 months Development Credit Bank Ltd.
9.25% 7 years 7 months Union Bank of India
9.25% 1 Year (V-Vaibhav ) Vijaya Bank
9.25% SBH – Double State Bank of Hyderabad
9.25% SBH – 500 State Bank of Hyderabad
9.25% 500 days Punjab and Sind Bank
9.25% 555 days Bank of India
9.25% 501 days to 5 years City Union Bank
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% 366 days to 1095 days ING Vysya Bank
9.25% Above 2 years to 3 years The Karur Vysya Bank Limited
9.25% 365 days ING Vysya Bank
9.25% Above 5 years to 10 years Tamilnad Mercantile Bank Limited
9.25% 555 days Central 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% 1111 Days (Baroda Maha Utsav Deposit Scheme) Bank of Baroda
9.10% 1111 Days Bank of India
9.10% Above 2 YEARS & upto 3 years State Bank of Mysore
9.05% Golden Jubli Deposit (50 weeks) State Bank of Bikaner and Jaipur
9.05% 8 YEARS and above to 10 years Canara Bank
9.05% 5 YEARS and above to less than 8 years Canara Bank
9.05% 3 YEARS and above to less than 5 years Canara Bank
9.05% 2 YEARS and above to less than 3 years Canara Bank
9.05% 1 year and above to less than 2 YEARS Canara Bank
9.00% 12 months only Corporation Bank
9.00% 1 year to less than 3 years State Bank of Bikaner and Jaipur
9.00% Above 1 Year to less than 2 Year Vijaya Bank
9.00% 3 YEARS to less than 5 years except for 1111 days Bank of India
9.00% 5 YEARS to less than 8 years Bank of India
9.00% 364 days only Corporation Bank
9.00% 3 year to less than 7 year 7 month Union Bank of India
9.00% greater than 7 year 7 month to 8 year Union Bank of India
9.00% 1 year to less than 3 year Union Bank of India
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 – March 2013

  1. Chirag Gandhi says:

    Dear Amit,

    This is really very helpful … BUT this will become more useful if in addition of bank name you can add one more column to identify the type of Bank, Like Nationalised Bank, Co-Operative Bank, Privet Sector Bank OR Foreign Bank. 🙂

    and if you can also add print this tab with social netowrking tab 🙂

    Again Thanks for posting this kinds of useful information contineously …

    • Hi Chirag

      Would add the classification of banks.

      About the print options, let me find out the right plugin and would do it in next few days.

      Thanks for sharing your thoughts
      Amit

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