Current Interest Rates for Fixed Deposits as of August 1, 2025
As of March 19, 2019, BankBazaar.com compiled the interest rates for fixed deposits (FD) from various banks' websites, effective from different dates in July 2019. Here's a summary of the interest rates offered by several banks for various tenures.
Indian Public Sector Banks
- Canara Bank: 6%, 6.6%, 6.5%, and 6.5% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jun 09.
- State Bank of India: 5.9%, 6.45%, 6.45%, and 6.3% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 15.
- Bank of India: 5.5%, 6.7%, 6.4%, and 6.25% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jun 16.
- Punjab & Sind Bank: 5%, 6.9%, 6.1%, and 6.1% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 16.
- Bank of Maharashtra: 5.25%, 6.7%, 6.2%, and 6.1% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jun 27.
- Indian Overseas Bank: 5.5%, 6.75%, 6.6%, and 6.3% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 15.
- IDBI Bank: 6%, 6.75%, 6.55%, and 6.25% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 18.
- Union Bank: 6.15%, 6.6%, 6.6%, and 6.4% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 07.
- Punjab National Bank: 6%, 6.6%, 6.4%, and 6.5% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Aug 01.
Indian Private Sector Banks
- Dhanlaxmi Bank: 5.25%, 6.9%, 6.5%, and 6.6% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 01.
- City Union Bank: 6.25%, 6.75%, 6.65%, and 6.25% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jun 13.
- DBS Bank: 6%, 6.55%, 6.4%, and 6.4% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 04.
- DCB Bank: 6.5%, 7.15%, 7.4%, and 7% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 18.
- South Indian Bank: 6%, 6.6%, 6.2%, and 5.7% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 28.
- Axis Bank: 5.75%, 6.6%, 6.6%, and 6.6% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 29.
- IndusInd Bank: 6.5%, 7%, 7%, and 6.75% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Aug 01.
- ICICI Bank: 5.5%, 6.4%, 6.6%, and 6.6% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Aug 01.
- RBL Bank: 6.05%, 7%, 7.2%, and 7% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 22.
- IDFC First Bank: 5.5%, 6.5%, 6.75%, and 6.75% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 15.
- Federal Bank: 6%, 6.7%, 6.6%, and 6.5% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 17.
Small Finance Banks
- Jana Small Finance Bank: 7.5%, 7.75%, 7.75%, and 8.2% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 25.
- Ujjivan Small Finance Bank: 6.5%, 7.6%, 7.5%, and 7.2% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from 17-Jul.
- Suryoday Small Finance Bank: 7.25%, 7.5%, 7.75%, and 8.2% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from 01-Aug.
- Utkarsh Small Finance Bank: 6%, 7.65%, 7.65%, and 7.5% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from Jul 25.
Foreign Banks (India)
- HSBC: 4.1%, 5.5%, 5.35%, and 5.5% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 17.
- Scotia Bank: 3.7%, 3.9%, 4%, and 4% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 01.
- Standard Chartered: 5.75%, 6.6%, 6.5%, and 6.5% for periods less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 05.
Notes:
- Fixed interest rates may be subject to revision after a specified tenure according to each bank's terms and conditions.
- Some banks/FIs offer fixed rates only for a certain period and then apply prevailing floating rates.
For precise historical rates as of July 2019, one would need archived bank announcements or financial publications from that period, which are not included in these search results. The current trends suggest FD rates around 6-7.5% for public and private banks and higher rates for small finance banks.
For up-to-date fixed deposit interest rates in India or specific bank offerings as of 2025, feel free to ask!
References:
- BankBazaar.com
- Business Standard
- Economic Times
- Financial Express
- Livemint
It's crucial to understand the interest rates offered by various banks for personal-finance planning, especially in investing. For instance, in July 2019, Canara Bank offered 6% for fixed deposits (FD) with a tenure of less than 1 year. On the other hand, foreign bank HSBC offered 4.1% for the same tenure during the same period. Hence, it's important to compare and choose the most suitable option based on one's finance needs.
