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These are the best fixed deposit rates offered by different banks

These are the best fixed deposit rates offered by different banks

These are the best fixed deposit rates offered by different banks
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By CNBC-TV18 Dec 17, 2018 9:00:47 PM IST (Updated)

Check the best fixed deposit interest rates of different banks.

Ever since the Reserve Bank of India (RBI) increased its policy rates this year, banks have increased fixed deposit (FD) rates.

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Fixed deposit interest rates vary from one bank to the other and are calculated based on the amount of liquid cash a bank has at any given point in time.
The highest FD rate is offered by Jana Small Finance Bank i.e. 8.50 percent for 366 days. This is followed by IDFC Bank and Deutsche Bank at 8.25 percent for a tenor of 3-10 years and 5 years respectively.
DCB offers an interest rate of 7.75 percent for a maturity period lying within 3 years and 5 years. Axis Bank provides FD at a rate of 7.45 percent for a maturity period within 17 months to 18 months. Bandhan Bank offers an interest rate of 7.40 percent for a tenor of 2 years to less than 5 years.
Here are banks offering more than 7 percent interest on your FDs.
Fixed Deposit Interest Rates for Top Banks 2018
Fixed Deposits with BankTenure (Min-Max)Regular Interest Rates
IDFC Bank7 days to 10 years4.00%-8.25%
Lakshmi Vilas Bank7 days to 20 months4.50%-7.50%
DCB Bank7 days to 10 years4.00%-7.75%
Ratnakar Bank7 days to 20 years5.00%-7.50%
Deutsche Bank1 year to 5 years7.50%-8.25%
Bandhan Bank7 days to 10 years3.50%-7.40%
Karur Vysya Bank7 days to above 3 years5.00%-7.00%
Tamil Mercantile Bank15 days to above 3 years5.00%-7.15%
Karnataka Bank7 days to 10 years3.50%-7.30%
HDFC Bank7 days to 10 years3.50%-7.25%
IndusInd Bank7 days to above 5 years3.50%-7.65%
Oriental Bank of Commerce7 days to 10 years5.75%-6.75%
Yes Bank7 days to 10 years5.00%-7.10%
Union Bank7 days to 10 years5.00%-6.85%
Axis Bank7 days to 10 years3.50%-7.45%
ICICI Bank7 days to 10 years4.00%-7.25%
IDBI Bank15 days to 20 years5.75%-6.85%
Kotak Mahindra Bank7 days to 10 years3.50%-7.30%
Vijaya Bank7 days to above 5 years5.00%-6.80%
Punjab National Bank7 days to 10 years5.70%-6.75%
Bank of Baroda7 days to 10 years4.25%-6.75%
State Bank of India7 days to 10 years5.75%-6.85%
Jana Small Finance Bank7 days to 10 years6.00%-8.50%
City Union Bank7 days to 10 years6.25%-7.10%
First published on BankBazaar
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