Fixed Deposit Interest Rates 2020

Updated on 20 Jan 2020.

Fixed deposit interest rate offers you to earn more interest as compared to your savings account interest rate.

The best way to handle you handle your savings is to keep a small portion of money which would be equal to your 1 or 2-month expense in your savings account and make an FD of the rest of your money ( if you have Not opted for another investment Plans).

Long tenure FD is to hold the present interest rate for a longer period.

The comparison of Fixed Deposit Interest rate is divided into 5 different slabs.

  1. The interest rate on fixed deposit up to 1 year.
  2. The interest rate on fixed deposit between 1 to 2 year.
  3. The interest rate on fixed deposit between 2 to 5 years.
  4. The interest rate on fixed deposit between 5 to 10 years.
  5. The interest rate on post office savings.

Top 21 Fixed Deposit Interest Rates ( 1 yr )

S.No. Bank Duration Interest Rate For Senior Citizen
1. Lakshmi Vilas Bank 365 to 449 days 7.50% 8.10%
2. Ratnakar bank ( RBL) 241 to 364 days 7.40% 7.90%
3. Karnataka Bank  3 months to < 1 yr 6.25%  6.75%
4. City Union Bank 1 year 6.60% 7.10%
5. Karur Vysya Bank 271 days to<1 year 6.15% 6.15%
6. Bandhan Bank 6 months to < 1 yr 6.70% 7.45%
7. Yes Bank 6 months to < 1 yr 7.25% 7.65%
8. DCB Bank 12 months 7.0% 7.50%
9. Repco Bank 90- 364 days 7.0% 7.25%
10. Tamilnad Mercantile Bank 1 year 6.60% 7.10%
11. Punjab National Bank 1 yr 6.30% 6.80%
12. HDFC Bank 1 year 6.30% 6.80%
13. Syndicate Bank 1 year exact 6.40% 6.90%
14. Bank of India 270 day to <1 yr 6.00% 6.50%
15. Punjab & Sind Bank 270- 364 days 6.40% 6.90%
16. Central Bank of India 271- 364 days 6.00% 6.50%
17. IDFC Bank 181 to 364 days  7.00% 7.50%
18. ICICI Bank 290 to < 1 year 6.00% 6.50%
19. IDBI Bank 271 day to < 1 yr 5.90% 6.40%
20. South Indian Bank 181 Days to < 1 yr 6.35% 6.85%
21. State Bank of India 211 days to < 1 yr 5.80% 6.30%

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Top 21 Bank FD Rate For 1 to 2 Years

S.No. Bank Duration Interest Rate For Senior Citizen
1. Bandhan Bank 1 yr to < 2 year 6.95% 7.70%
2. Ratnakar bank ( RBL) 12 to < 24 months 7.45% 7.90%
3. Repco Bank 1 – 2 year 7.50% 8.00%
4. IDFC Bank 367 – 731 Days 7.25% 7.75%
5. Yes Bank 18 months 8 days 7.40% 7.90%
6. DCB Bank 18 months to < 2 yr 7.50% 8.00%
7. Punjab & Sind Bank 1 – 2 year 6.45% 6.95%
8. Karur Vysya Bank 1- 2 year 6.35% 6.85%
9. Tamilnad Mercantile Bank 1-2 year 6.70% 7.20%
10. Lakshmi Vilas Bank 1 year to < 2 year 7.50% 8.10%
11. ICICI Bank 390 days to 2 years 6.30% 6.80%
12. HDFC Bank 1 yr 1 day to 2 years 6.30% 6.80%
13. Bank of India 1 year to < 2 year 6.40% 6.90%
14. City Union Bank Above 1 year 6.35% 6.60%
15. Syndicate Bank Above 1 – 2 year 6.50% 7.00%
16. Punjab National Bank 1 year to < 2 yr 6.30% 6.80%
17. South Indian Bank 1 – 2 year 6.60% 7.10%
18. Karnataka Bank 1- 2 year 6.50%  6.90%
19.. Central Bank of India 1 year to < 2 year 6.25% 6.75%
20. IDBI Bank 1 to < 2 year 6.35% 6.85%
21. State Bank of India 1 yr to < 2 yr 6.10% 6.60%

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Top Interest Rate for FD of 2 – 5 Years

S.No. Bank Duration Interest Rate For Senior Citizen
1. Bandhan Bank 2 to <3 year 6.95% 7.70%
2. Ratnakar bank ( RBL) 2 to < 3 year 7.20% 7.70%
3. DCB Bank 36 months

3 yr to 5 yr

7.70%

7.50%

8.20%

8.00%

4. IDFC Bank 3- 5 year 7.20% 7.70%
5. Yes Bank  2 to < 3 year 7.50% 8.00%
6. Repco Bank 2- 5 year 7.0% 7.50%
7. Karur Vysya Bank 2 – 5 year 6.45% 6.95%
8. Tamilnad Mercantile Bank 2- 3year 6.75% 7.25%
9. Punjab & Sind Bank 2 – 5 year 6.45% 6.95%
10. Lakshmi Vilas Bank 2 yr to < 5 yr 7.60% 8.20%
11. Bank of India 2 yr to < 3 yr 6.25% 6.75%
12. City Union Bank Upto 5 year 6.35% 6.60%
13. Punjab National Bank 2 to < 5 year 6.25% 6.75%
14. Syndicate Bank Above 2 to 5 year 6.25% 6.75%
15. ICICI Bank 2- 5 year 6.40% 6.90%
16. Central Bank of India 777 days 6.20% 6.70%
17. South Indian Bank 2 years

2- 5 year

6.90%

6.60%

7.40%

7.10%

18. Karnataka Bank 2 – 5 year 6.40% 6.80%
19. IDBI Bank 1111 days 6.45% 6.95%
20. HDFC Bank 2 – 3 year 6.40% 6.90%
21. State Bank of India 2 yr to < 5yr 6.10% 6.60%

Top Interest Rate for FD of 5 – 10 Years

S.No. Bank Duration Interest Rate For Senior Citizen
1. Ratnakar bank ( RBL) 5- 10 year 7.50% 8.0%
2. Bandhan Bank 5 – 10 year 6.75% 7.50%
3. IDFC Bank 5-10 year 7.20% 7.70%
4. DCB Bank 5 – 10 year 7.25% 7.75%
5. Yes Bank 5 to < 10 year 7.25% 7.75%
6. Karur Vysya Bank Above 5 year 6.45% 6.95%
7. Lakshmi Vilas Bank 5 – 10 year 7.25% 7.85%
8. Punjab & Sind Bank 5 – 10 year 6.45% 6.95%
9. Tamilnad Mercantile Bank Above 3 year 6.60% 7.10%
10. Syndicate Bank 5- 10 year 6.25% 6.75%
11. Bank of India 5 – 10 year 6.25% 6.75%
12. Punjab National Bank 5 – 10 year 6.30% 6.80%
13. City Union Bank 5- 10 year 6.30% 6.55%
14. South Indian Bank 5- 10 year 6.60% 7.10%
15. Karnataka Bank 5 – 10 year 6.30% 6.70%
16. Central Bank of India 5- 10 years 6.20% 6.70%
17. ICICI Bank 5 – 10 years 6.40% 6.90%
18. IDBI Bank 5 – 10 year 6.25% 6.75%
19. HDFC Bank 5- 10 year 6.30% 6.80%
20. HDFC Bank 8 – 10 year 6.30% 6.80%
21. State Bank of India 5 – 10 year 6.10% 6.60%

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Post Office Fixed Deposit Rate

FD period Interest Rate
1 yr 6.9%
2 yr 6.9%
3 yr 6.9%
5 yr 7.7%

Factors Related to Fixed Deposit

  • You can save income tax through the tax-saving fixed deposits under 80C. These FDs are of fixed tenure of 5 years with a maximum capped limit of Rs 1,50,000.
  • If your interest income exceeds Rs 10,000 per bank in a year, the bank deducts  10% TDS. in case you haven’t updated the PAN with the bank, the TDS rate will be 20%.
  • The banks charged a penalty for premature mature withdrawal.

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