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Fixed Deposit Interest Rates 2016 – Highest Rate of Interest on Fixed Deposits :

Fixed Deposit is a kind of investment for a limited period of time. The Banks and Post Office gives return as Interest against Fixed Deposit amount. If you are looking for Best Fixed Deposit Interest Rates in India 2016, you are on the right place. Here we present Bank wise Fixed Deposit Interest Rates and Rules of Investment. Fixed Deposit is also known as Term Deposit. The customers who invest their money as Fixed Deposit at any bank, they can earn interest on FD Free of Tax up to Rs.10000/-.

Most of the banks compound (count) interest on Fixed Deposit on quarterly basis. Generally, the Fixed Deposit are available for tenure of 07 Days to 10 Years. But there are a few banks in India that also offer Fixed Deposit up to the period of 20 Years. However, Every Bank has different rules of Fixed Deposit still the interest rates are not so different. If you are willing to invest your money and want to earn interest at higher rate, you should refer this article to know Latest Interest Rates of Fixed Deposit by Banks in India 2016.

Fixed Deposit Interest Rates

The Fixed Deposit is one of the most favourable investment chosen by many people for short term and long term investment. Though the Fixed Deposit Interest Rates are not so good, but FD is investment without Risk. The different Interest Rates on Fixed Deposit are offered by Public, Private and Cooperative Banks in India. The Financial Organizations and Post Office also gives Fixed Deposit (Term Deposit) facility. So it is based on every individual’s understanding on where to invest the excess money and how to get Highest Rate of Interest on Fixed Deposit with least risk.

The Fixed Deposit can be divided into four categories based on the tenure (duration) of the investment.

  • Less than 01 Year
  • 01 to 02 Years
  • 02 to 05 Years
  • More than 05 Years

Fixed Deposit Interest Rates 2016 for Less than 01 Year (Updated)

Bank NameFD DurationInterestInterest For Senior CitizenBank Type
State Bank of India (SBI)9 months7.00% p.a.7.25% p.a.Government
ICICI9 months7.25% p.a.7.75% p.a.Private
IDBILess than 1 year7.25% p.a.7.25% p.a. Government
Bank of Baroda9 months7.40% p.a.7.65% p.a.Government
Bank Of India9 months7.25% p.a.7.75% p.a.Government
Indian Bank9 months7.25% p.a.7.75% p.a. Government
Punjab National Bank9 months7.00% p.a.7.50% p.a.Government
The Ratnakar Bank241 to 364 days8.00% p.a.8.50% p.a. Private
HDFC9 months7.25% p.a.7.75% p.a. Private
Vijaya Bank270 days to 1 year7.00% p.a.7.25% p.a. Government
Axis Bank9 months to 10 months7.50% p.a.8.00% p.a. Private
Lakshmi Vilas Bank271 days to 364 days7.60% p.a.7.65% p.a. Private
Tamilnad Mercantile Bank180 days7.50% p.a.7.50% p.a. Private
Indus Ind Bank270 days or 1 year7.50% p.a.8.00% p.a. Private
J&K Bank271 days to 1 year7.50% p.a.8.00% p.a.
Karnataka Bank181 days to 364 days7.00% p.a.
Yes Bank9 months7.25% p.a.7.75% p.a. Private
Central Bank of India271 days to 364 days7.25% p.a.7.75% p.a. Government
Nainital Bank180 days to 270 days7.50% p.a.8.00% p.a.
Bank of Maharashtra270 days to 364 days7.25% p.a.7.75% p.a. Government
Dena Bank271 days to 364 days7.50% p.a.8.00% p.a. Government
State Bank of Mysore270 days to 363 days7.25% p.a.—– Government
South Indian Bank91 days to less than 1 year7.05% p.a.7.55% p.a.
UCO Bank181 days to 364 days7.25% p.a.7.25% p.a. Government
Union Bank of India180 days to 364 days7.05% p.a. Government
United Bank of India270 days to 1 years6.75% p.a.6.75% p.a. Government
Citi Bank181 days to 270 days6.75% p.a.7.25% p.a. Private
Kotak Bank271 days to 363 days7.50% p.a.8.00% p.a. Private
Syndicate Bank270 days to 363 days7.50% p.a.7.50% p.a. Government


Fixed Deposit Interest Rates 2016 for 01 to 02 Years

Bank NameFD DurationInterestInterest For Senior CitizenBank Type
State Bank of India (SBI)1 year to less than 2 years7.50%p.a.7.75% p.a.Government
ICICI1 year to 389 days7.40% p.a.7.90% p.a.Private
IDBI1 yrs to less than 2 yrs7.75% p.a.8.25% p.a.Government
Bank of Baroda1 year to 2 years7.30% p.a.7.80% p.a.Government
Bank Of India456 days to less than 2 years7.50% p.a.7.75% p.a.Government
Indian Bank1 year to less than 2 years6.75% p.a.
Punjab National Bank1 years to 2 years7.50% p.a.8.00% p.a.Government
The Ratnakar Bank1 year to 2 years8.25% p.a.8.75% p.a.Private
HDFC1 year 17 days – 2 Years7.50% p.a.8.00% p.a.Private
Vijaya Bank1year to less than 2 Years7.25% p.a.8.75% p.a.Government
Axis Bank13 months to less than 14 months7.90% p.a.8.40% p.a.Private
Lakshmi Vilas Bank1 year to less than 18 months7.80% p.a.8.30% p.a.Private
Tamilnad Mercantile Bank1 year7.80% p.a.8.30% p.a.Private
Indus Ind Bank1 year to below 1 years 2 months7.75% p.a.8.25% p.a.Private
J&K Bank1 years to less than 3 years7.75% p.a.8.25% p.a.Government
Karnataka Bank1 year to 2 years7.75% p.a.8.25% p.a.
Yes Bank12 Months 12 Days to 12 Months 20 Days7.75% p.a.8.25% p.a.Private
Central Bank of India1 year to less than 2 years7.60% p.a.8.10% p.a.Government
Nainital Bank1 year and above but up to 2 years7.65% p.a.8.15% p.a.
Bank of MaharashtraAbove 1 years to 443 days7.60% p.a.8.10% p.a.Government
Dena Bank365 days7.50% p.a.8.00% p.a.Government
State Bank of Mysore1 year to less than 2 years7.60% p.a.8.10% pa.aGovernment
South Indian Bank1 year to 3 years7.55% p.a.8.05% p.a.
UCO BankAbove 1 year up to 2 years7.50% p.a.8.00% p.a.
Union Bank of India1 years7.65% p.a.Government
United Bank of India1 Year7.00% p.a.7.00% p.a.Government
Citi Bank365 days to 400 days6.75% p.a.7.25% p.a.Private
Kotak Bank365 days to 389 days7.50% p.a.8.00% p.a.Private
Syndicate BankAbove 1 yr to 2 years7.30% p.a.7.80% p.a.Government


Fixed Deposit Interest Rates are subject to change as per updates released by different banks time to time. For more information about Fixed Deposit Interest Rates, kindly visit the Bank’s official website.

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