Interest Rate on FD for 2 Year - Oct 2017

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: 2 Years
  • Maturity Value: Taxable
  • Premature Withdrawals: Entire amount, anytime but after charging a certain penalty
  • Risk: Risky as compared to PPF

Interest Rate for 2 Years Fixed Deposit

The highest interest rate is offered by The Nainital Bank (for 2 years) at 7.90% and Rbl Bank (for 2 years) at 7.50% followed by Idfc Bank (for 2 years) at 7.25%.

BankMaturity Period Interest Rate (p.a.)Calculate
The Nainital Bank Limited2 Years7.90%
Rbl Bank Limited2 Years7.50%
Idfc Bank Limited2 Years7.25%
Dcb Bank Limited2 Years7.00%
Karur Vysya Bank2 Years7.00%
Laxmi Vilas Bank2 Years7.00%
Standard Chartered Bank2 Years7.00%
Tamilnad Mercantile Bank Limited2 Years7.00%
Bandhan Bank Limited2 Years6.90%
Deustche Bank2 Years6.90%
City Union Bank Limited2 Years6.85%
Punjab And Sind Bank2 Years6.80%
Icici Bank Limited2 Years6.75%
Indusind Bank2 Years6.75%
Jammu And Kashmir Bank Limited2 Years6.75%
South Indian Bank2 Years6.75%
Yes Bank2 Years6.75%
Karnataka Bank Limited2 Years6.65%
Corporation Bank2 Years6.60%
Dhanalakshmi Bank2 Years6.60%
Federal Bank2 Years6.60%
Uco Bank2 Years6.55%
Allahabad Bank2 Years6.50%
Andhra Bank2 Years6.50%
Bank Of Baroda2 Years6.50%
Bank Of India2 Years6.50%
Catholic Syrian Bank Limited2 Years6.50%
Central Bank Of India2 Years6.50%
Hsbc Bank2 Years6.50%
Idbi Bank2 Years6.50%
Punjab National Bank2 Years6.50%
Syndicate Bank2 Years6.50%
Union Bank Of India2 Years6.50%
Vijaya Bank2 Years6.50%
Dbs Bank Ltd2 Years6.40%
Kotak Mahindra Bank Limited2 Years6.40%
Oriental Bank Of Commerce2 Years6.40%
Canara Bank2 Years6.30%
Axis Bank2 Years6.25%
Bank Of Maharashtra2 Years6.25%
United Bank Of India2 Years6.25%
Hdfc Bank2 Years6.25%
Indian Bank2 Years6.25%
Indian Overseas Bank2 Years6.25%
State Bank Of Bikaner And Jaipur2 Years6.25%
State Bank Of India2 Years6.25%
State Bank Of Mysore2 Years6.25%
State Bank Of Patiala2 Years6.25%
State Bank Of Travancore2 Years6.25%
Chinatrust Commercial Bank Limited2 Years6.25%
Citi Bank2 Years5.00%
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 December 01 is a bank holiday in Andhra Pradesh due to Id-e-Milad/Eid Milad-un-Nabi (Prophet Mohhammad's Birthday).
2017 December 02 is a bank holiday in Chhattisgarh due to Eid-e- Milad (Prophet Mohhammad's Birthday)/Barawafat.
2017 December 04 is a bank holiday in Goa due to Feast Of St.Francis Xavier.
2017 December 05 is a bank holiday in Jammu And Kashmir due to Birthday Of Sheikh Mohammad Abdullah.

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CHINATRUST COMMERCIAL BANK LIMITED CITI BANK CITY UNION BANK LIMITED CORPORATION BANK
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IDBI BANK IDFC BANK LIMITED INDIAN BANK INDIAN OVERSEAS BANK
INDUSIND BANK JAMMU AND KASHMIR BANK LIMITED JP MORGAN BANK JSC VTB BANK
KARNATAKA BANK LIMITED KARUR VYSYA BANK KOTAK MAHINDRA BANK LIMITED Krung Thai Bank Public Co. Ltd
LAXMI VILAS BANK MASHREQBANK PSC MIZUHO CORPORATE 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