Interest Rate on FD for 1 Year November 2016

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 Bandhan Bank (for 1 year) at 8.25% and Ratnakar Bank (for 1 year) at 8% followed by The Nainital Bank (for 1 year) at 7.9%.

BankMaturity Period Interest Rate (p.a.)Calculate
Bandhan Bank Limited12 Months8.25%
Rbl Bank Limited12 Months8.00%
The Nainital Bank Limited12 Months7.90%
Idfc Bank Limited12 Months7.75%
City Union Bank Limited12 Months7.60%
State Bank Of Patiala12 Months7.57%
State Bank Of Mysore12 Months7.55%
Corporation Bank12 Months7.50%
Laxmi Vilas Bank12 Months7.50%
Syndicate Bank12 Months7.50%
Vijaya Bank12 Months7.50%
Dcb Bank Limited12 Months7.40%
Karnataka Bank Limited12 Months7.40%
Dhanalakshmi Bank12 Months7.35%
Indusind Bank12 Months7.35%
Karur Vysya Bank12 Months7.35%
Tamilnad Mercantile Bank Limited12 Months7.35%
Bank Of Baroda12 Months7.30%
Bank Of India12 Months7.30%
Bank Of Maharashtra12 Months7.30%
Catholic Syrian Bank Limited12 Months7.30%
Federal Bank12 Months7.30%
Idbi Bank 12 Months7.30%
Jammu And Kashmir Bank Limited12 Months7.30%
Union Bank Of India12 Months7.30%
Allahabad Bank12 Months7.25%
Axis Bank12 Months7.25%
Dena Bank12 Months7.25%
Icici Bank12 Months7.25%
Indian Overseas Bank12 Months7.25%
Kotak Mahindra Bank Limited12 Months7.25%
State Bank Of Bikaner And Jaipur12 Months7.25%
Standard Chartered Bank12 Months7.25%
Uco Bank12 Months7.25%
Yes Bank Limited12 Months7.25%
Punjab National Bank12 Months7.20%
Andhra Bank12 Months7.15%
Canara Bank12 Months7.15%
Oriental Bank Of Commerce12 Months7.15%
State Bank Of Travancore12 Months7.15%
Indian Bank12 Months7.10%
State Bank Of India12 Months7.05%
State Bank Of Hyderabad12 Months7.05%
Dbs Bank Ltd12 Months7.00%
Hdfc Bank12 Months7.00%
Deutsche Bank 12 Months6.25%
Citi Bank12 Months6.00%
Hsbc Bank12 Months6.00%
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

2017 February 24 is a bank holiday in Chandigarh due to Mahashivratri.
2017 February 27 is a bank holiday in Sikkim due to Losar.
2017 March 03 is a bank holiday in Mizoram due to Chapchar Kut.
2017 March 12 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).

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