Best Bank Fixed Deposit Rates – August 2012

Below is the list of top banks Term Deposit or fixed deposit (FD) rates for tenure of 6 Months – 1 Year, 1 – 2 Years, 2 – 3 Years, 3 – 5 Years and more than 5 years as of August 3, 2012.

  • The best fixed deposit rates for 6 months to less than a year is offered by Central Bank of India, Corporation Bank and IDBI Bank at 9.00% per annum.
  • For 1 – 2 years the highest FD rate offered is 9.75% by Development Credit Bank and Dhanlaxmi Bank.
  • For 2 – 3 years the highest FD rate is 9.50% by Vijaya Bank.
  • For 3 -5 years the highest fixed deposit rate is 9.35% by Bank of Maharashtra
  • For more than 5 years the highest fixed deposit rate is 9.30% by Development Credit Bank

 The best fixed deposit rates for each tenure have been highlighted.

Bank 6 Months – 364 Days 1 – 2 Years 2 – 3 Years 3 – 5 Years 5 Years +
Axis Bank 7.50 9.25 9.25-9.30 9.25 8.75
Bank of Baroda 6.75-7.50 8.75-8.85 8.75 8.50 8.00
Bank of India 8.00-8.25 9.25 9.00 9.00 9.00
Bank of Maharashtra 7.00-8.80 9.30 9.30 9.00-9.35 9.00
Canara Bank 8.00 9.00 9.00 9.00 9.00
Central Bank of India 8.25-9.00 9.00 8.75 8.75 8.50
Corporation Bank 9.00 9.25 9.00 9.00 9.00
Dena Bank 8.50 9.25 9.25 9.30 9.25
Development Credit Bank 6.75 8.00-9.75 8.00-9.30 8.00-9.30 8.00-9.30
Dhanlaxmi Bank 8.75 9.00-9.75 8.75 10.10 9.00
HDFC Bank 7.25-8.00 7.25-9.25 8.50-9.25 9.25 8.25
ICICI Bank 7.00-7.75 8.00-9.25 9.25 9.25 8.50
IDBI Bank 8.90-9.00 9.00-9.25 9.25 9.25 9.00
Indian Overseas Bank 8.00-8.50 9.25 9.25 9.25 9.00
IndusInd Bank 6.50-8.50 9.00-9.50 8.75-9.50 8.75 8.75
Kotak Mahindra Bank 7.50-8.75 9.25-9.40 9.00-9.25 9.00 9.00
Oriental Bank of Commerce 8.50 9.25 9.25 9.25 9.00
State Bank of India 7.25-7.50 9.00 9.00 8.75 8.75
Syndicate Bank 8.10-8.50 9.00-9.05 8.75 8.75 8.50
The Federal Bank 7.00-8.50 9.00-9.25 9.00 9.00 9.00
Union Bank of India 8.60-8.75 9.25 9.25 9.25 8.50-9.40
Vijaya Bank 8.50 9.50 9.50 9.30 9.25

All the Rates are in % per annum. Rates for deposits up to Rs. 15 lakhs.

Source: Bank Websites 

Updated: August 03, 2012

Disclaimer: All care has been taken to update the correct interest rates being offered by banks, but it keeps on changing frequently. So, its a good idea to check with the respective bank before making any investment.

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