(Rate Fluctuate time ang again and hence it is wise to Check Highest Rate of Interest Paid by Banks in India / Maximum Rate of Interest Paid by Indian Banks. Best Fixed Deposit Rates by Banks)
Which Banks Pay the Highest Rate of Interest on Fixed Deposits in 2013 ? Best Rate of Interest on Fixed Deposits in India in 2013 ? Comparative Bank Rates in India. Latest Deposit Rates of Banks in India 2013
We give below the Highest Rate of Interest or the maximum rate of interest on Fixed Deposits in certain buckets offered by banks in India in 2013 (in the third week of September 2013) :-
Name of the Bank
|
Period of fixed Deposit
|
Rate of Interest(%)
|
| Karur Vysya Bank | 271 days up to including 1 year | 10.00% |
| DCB Bank | 24 months to 36 months | 9.75% |
| Catholic Syrian Bank | 365 days to and including 24 months | 9.50% |
| Tamilnad Mercantile Bank Ltd | 12 months - 5 Years | 9.50% |
| Karur Vysya Bank | 181 days to 270 days | 9.50% |
| Lakshmi Vilas Bank | 1 year | 9.50% |
| Andhra Bank | 1 year to 2 year | 9.50% |
| Andhra Bank | 9 months to < 1 year | 9.25% |
| ING Vysya Bank | 365 days | 9.25% |
| Dhanalakshmi Bank | 375 days | 9.25% |
| Indus Ind Bank | 2 years 6 months to below 2 years 9 months | 9.25% |
| Bank of Maharashtra | 444 days | 9.25% |
| Lakshmi Vilas Bank |
Above 1 year - less than 2 years
| 9.25% |
| City Union Bank | 1 year & above and upto 2 years | 9.25% |
| Karur Vysya Bank | 1 year and upto 3 year | 9.25% |
| Punjab and Sind Bank | 1 year - 2 years | 9.25% |
| Union Bank of India | 7 years 7 months | 9.25% |
| Karnataka Bank | 1 year to 2 years | 9.25% |
| South Indian Bank | 2 years | 9.25% |
| State Bank of Bikaner and Jaipur | 15 days and upto 90 days | 9.25% |
| Bank of Maharashtra | 444 days | 9.25% |
Moreover, some other banks are also offering 9.25% ROI for certain other tenures. You can check the bank of your choice by clicking the links given below.
PS ; In addition to above rate of interest, most of the banks offer from 0.25% to 0.50% extra to senior citizens The above chart only gives a rough idea as to which banks are offering highest rate of interest in a particular bucket on a particular date. The above banks may not be offering the best rate of interest on fixed deposits in all other buckets / periods. There is also a growing trend to pay higher interest for deposits of Rs.15 lakh and above / 1 crore and above. Therefore, if you are bulk depositor, please check the same.
Comparing rate of interests of banks in India for last few years indicate that they have been quite volatile. In 2010, the rate of interest started again going up as banks were short of funds. In the early 2011, these have further hardened. From April 2012, the banks started reducing the deposits rates, but from August 2013, once again there is a tendency for upward bias for deposit rate of interest. In the coming weeks / months, these are likely to remain firm.
There has been very frequent changes by not only foreign banks but also by Public Sector Banks and it becomes extremely difficult to keep updated data as most banks do not inform the media about the changes, and some even do not update their websites promptly. Moreover, now a days there are no standard buckets across all banks. Some banks are offering very high rate of interest for a particular segments based on some odd days (e.g. 333 days, 400 days; 555 days; 1111 days etc. etc.) It becomes all the more difficult to compare such rates in a single chart. Therefore, for the time being, we have withdrawn the comparative charts of fixed deposits across all maturities. Therefore, it is advised to check up with the respective Bank before final decision is taken up for deposits. To make the life a bit easier for you, we give below the links for some major banks which will take you directly to the relevant page of interest rates of that bank.
DIRECT LINKS FOR FIXED DEPOSIT RATES FOR MAJOR BANKS
| S.No. | Name of the Bank |
| 1 | Allahabad Bank |
| 2 | Andhra Bank |
| 3 | Axis Bank |
| 4 | Bank of Baroda |
| 5 | Bank of India |
| 6 | Bank of Maharashtra |
| 7 | Canara Bank |
| 8 | Catholic Syrian Bank |
| 9 | Corporation Bank |
| 10 | Central Bank of India |
| 11 | City Union Bank |
| 12 | DCB Bank |
| 12 | Dena Bank |
| 13 | Dhanalakshmi Bank |
| 14 | Federal Bank |
| 15 | HDFC Bank |
| 16 | ICICI Bank |
| 17 | IDBI Bank |
| 18 | Indian Bank |
| 19 | Indian Overseas Bank |
| 20 | Indus Ind Bank |
| 23 | ING Vysya Bank |
| 24 | J&K Bank |
| 25 | Karnataka Bank |
| 26 | Karur Vysya Bank |
| 27 | Kotak Bank |
| 28 | Lakshmi Vilas Bank |
| 29 | Oriental Bank of Commerce |
| 30 | Punjab National Bank |
| 31 | Punjab and Sind Bank |
| 32 | South Indian Bank |
| 33 | State Bank of Bikaner and Jaipur |
| 34 | State Bank of Hyderabad |
| 35 | State Bank of India |
| 36 | State Bank of Patiala |
| 37 | State Bank of Travancore |
| 38 | Syndicate Bank |
| 39 | Tamilnad Mercantile Bank Ltd |
| 40 | The Ratnakar Bank (Through Home page of website) |
| 41 | UCO Bank |
| 42 | Union Bank of India |
| 43 | Yes Bank |
| 44 | Vijaya Bank |
Foreign Banks
| S No | Name of the Bank |
| 1 | Abu Dhabi Commercial Bank |
| 2 | |
| 3 | China Trust Commercial Bank |
| 4 | Deutsche Bank |
| 5 | HSBC Bank |
| 6 | |
| 7 | Royal Bank of Scotland |
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