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Best bank fixed deposit rates

Best bank fixed deposit rates

With debt mutual funds exhibiting high volatility in recent weeks, you're probably returning to trusty FDs. Here's a list of the fixed deposit rates being offered across terms by 21 banks.

Fixed deposits aren’t even able to beat inflation if you’re in the highest tax bracket. But if you’re a lay investor searching for an investment that you can depend on for consistent returns, it’s still the most reliable bet. Here are the best FD rates banks have to offer:

This table was last updated on July 15, 2015.

Bank 1 year 2 years 3 years 5 years (tax-savers)
Axis Bank 8.20% 8.15% 8.15% 8.00%
Lakshmi Vilas Bank 8.60% 8.60% 8.60% 8.50%
Allahabad Bank 8.10% 8.25% 8.25% 8.00%
Bank of Baroda 8.25% 8.25% 8.25% 8.00%
Bank of India 8.50% 8.50% 8.50% 8.00%
State Bank of India 8.00% 8.25% 8.25% 8.00%
HDFC Bank 8.20% 8.20% 8.20% 8.20%
ICICI Bank 8.00% 8.25% 8.25% 8.00%
Indusind Bank 8.50% 8.50% 8.50% 8.50%
ING Vysya Bank 8.20% 8.15% 8.15% 8.00%
Kotak Mahindra Bank 8.20% 8.15% 8.15% 8.00%
Oriental Bank of Commerce 8.00% 7.75% 7.75% 7.75%
Punjab National Bank 8.10% 8.10% 8.00% 8.00%
Vijaya Bank 8.00% 8.00% 8.00% 8.00%
IDBI Bank 8.25% 8.25% 8.25% 8.25%
Federal Bank 8.00% 8.00% 8.00% 8.00%
Catholic Syrian Bank 8.25% 8.25% 8.10% 8.10%
Yes Bank 8.50% 8.50% 8.50% 8.50%
Dena Bank 8.50% 8.25% 8.25% 8.00%
Karur Vysya Bank 8.50% 8.75% 8.75% 8.75%
City Bank 7.75% 7.75% 7.75% 6.75%

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