Interest Rate on FD for 1 Year - Fab 2018

Fixed Deposit Definition -

Fixed Deposit Account are those accounts in which a fixed sum of money is deposited for a specified time usually for a period from 7 days to 10 years. A higher interest rate is offered on fixed deposits which varies from bank to bank according to the amount deposited and duration of investment. Private sector banks and foreign banks offer higher rate of interest as compared to public sector bank in order to attract more deposits.

Fixed Deposit Highlights -

  • Maximum Investment Amount: No such limit
  • Interest Rates Variable: From 7 to 9% based on term
  • Interest earned is taxable: Yes
  • Lock in Period: No
  • Tenure: 1 Year
  • Maturity Value: Taxable
  • Premature Withdrawals: Entire amount, anytime but after charging a certain penalty
  • Risk: Risky as compared to PPF

Interest Rate for 1 Year Fixed Deposit

The highest interest rate is offered by The Nainital Bank (for 1 year) at 7.90% and Rbl Bank (for 1 year) at 7.40% followed by Bandhan Bank (for 1 year) at 7.25%.

BankMaturity Period Interest Rate (p.a.)Calculate
Esaf Small Finance Bank Limited12 Months8.75%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.25%
Fincare Small Finance Bank Ltd12 Months8.00%
North East Small Finance Bank Limited12 Months8.00%
Ujjivan Small Finance Bank Limited12 Months8.00%
The Nainital Bank Limited12 Months7.90%
Equitas Small Finance Bank Limited12 Months7.25%
Capital Small Finance Bank Limited12 Months7.20%
City Union Bank Limited12 Months7.10%
Karnataka Bank Limited12 Months7.10%
Laxmi Vilas Bank12 Months7.10%
Rbl Bank Limited12 Months7.10%
Bandhan Bank Limited12 Months7.00%
Dcb Bank Limited12 Months7.00%
Idfc Bank Limited12 Months7.00%
Indusind Bank12 Months7.00%
Jammu And Kashmir Bank Limited12 Months7.00%
Yes Bank12 Months7.00%
Au Small Finance Bank Limited12 Months7.00%
Tamilnad Mercantile Bank Limited12 Months6.90%
Kotak Mahindra Bank Limited12 Months6.80%
Axis Bank12 Months6.75%
Dbs Bank Ltd12 Months6.75%
Hdfc Bank12 Months6.75%
Icici Bank Limited12 Months6.75%
Idbi Bank12 Months6.75%
Indian Overseas Bank12 Months6.75%
Karur Vysya Bank12 Months6.75%
Standard Chartered Bank12 Months6.75%
South Indian Bank12 Months6.75%
Syndicate Bank12 Months6.75%
Union Bank Of India12 Months6.75%
Federal Bank12 Months6.70%
Bank Of India12 Months6.60%
Central Bank Of India12 Months6.60%
Dhanalakshmi Bank12 Months6.60%
Oriental Bank Of Commerce12 Months6.60%
Punjab National Bank12 Months6.60%
Punjab And Sind Bank12 Months6.60%
Allahabad Bank12 Months6.50%
Andhra Bank12 Months6.50%
Bank Of Maharashtra12 Months6.50%
Canara Bank12 Months6.50%
Catholic Syrian Bank Limited12 Months6.50%
Corporation Bank12 Months6.50%
Indian Bank12 Months6.50%
Uco Bank12 Months6.50%
Vijaya Bank12 Months6.50%
Bank Of Baroda12 Months6.45%
State Bank Of Bikaner And Jaipur12 Months6.40%
State Bank Of India12 Months6.40%
State Bank Of Mysore12 Months6.40%
State Bank Of Patiala12 Months6.40%
State Bank Of Travancore12 Months6.40%
United Bank Of India12 Months6.10%
Deustche Bank12 Months6.00%
Chinatrust Commercial Bank Limited12 Months6.00%
Citi Bank12 Months5.00%
Hsbc Bank12 Months5.00%
Disclaimer: The Fixed Deposit Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD.      Source: Bank Websites

Upcoming Bank Holidays

2018 October 24 is a bank holiday in Andaman And Nicobar Island due to Lakshmi Puja/Maharshi Valmiki Jayanthi.
2018 October 27 is a bank holiday in Himachal Pradesh due to Karva Chauth.
2018 October 31 is a bank holiday in Sikkim due to Lhabab Duechen.
2018 November 01 is a bank holiday in Karnataka due to Kannada Rajyostsava/Kut.
2018 November 06 is a bank holiday in Andaman And Nicobar Island due to Diwali Amavasaya (Laxmi Pujan).
2018 November 06 is a bank holiday in Arunachal Pradesh due to Kali Puja/Diwali/Naraka Chaturdashi.

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LAXMI VILAS BANK MASHREQBANK PSC MIZUHO CORPORATE BANK LIMITED NORTH EAST SMALL FINANCE BANK LIMITED
OMAN INTERNATIONAL BANK SAOG ORIENTAL BANK OF COMMERCE PUNJAB AND SIND BANK PUNJAB NATIONAL BANK
RBL Bank Limited SBM BANK MAURITIUS LIMITED SHINHAN BANK SOCIETE GENERALE
SONALI BANK LTD SOUTH INDIAN BANK STANDARD CHARTERED BANK STATE BANK OF BIKANER AND JAIPUR
STATE BANK OF HYDERABAD STATE BANK OF INDIA STATE BANK OF MYSORE STATE BANK OF PATIALA
STATE BANK OF TRAVANCORE SURYODAY SMALL FINANCE BANK SYNDICATE BANK TAMILNAD MERCANTILE BANK LIMITED
THE BANK OF NOVA SCOTIA THE NAINITAL BANK LIMITED UBS AG UCO Bank
Ujjivan Small Finance Bank Limited UNION BANK OF INDIA UNITED BANK OF INDIA UNITED OVERSEAS BANK LIMITED
UTKARSH SMALL FINANCE BANK VIJAYA BANK Woori Bank YES BANK
ZILA SAHAKARI BANK LTD