1. Icici Bank Fixed Deposit Rates
2. Commercial Bank Fixed Deposit Rates

The highest interest rate is offered by the ESAF Small Finance Bank (for 12 months) at 8.75% per annum and Suryoday Small Finance Bank (for 12 months) at 8.50% per annum followed by Utkarsh Small Finance Bank (for 12 months) 8.25%.

1. Yes Bank is one of the largest private-sector banks in India and the leading provider of Fixed Deposit schemes.The FD schemes offered by Yes Bank for Indian as well as Non-Resident Indians (NRIs) offer flexibility, different interest payouts and great earnings.
2. Yes Bank revises fixed deposit rates; here are latest FD interest rates Yes Bank offers an interest rate of 3.50 percent on deposits maturing in seven to fourteen days, 4 percent on 15 to 45 days.
3. Tax Deduction at Source: Yes at the rate of 10% on interest earned if if it exceeds Rs. 10,000 in one financial year; Risk: Risky as compared to PPF; Periodic Income: Yes; Things To Do Before Investing in Bank Fixed Deposit (1) Decide Upon the Tenure of Bank FD: It is needed to decide the tenure for which you can keep the funds in a Bank FD.

Source – ICICI Bank Interest Rates HDFC Bank Fixed Deposit Interest Rates (2020) Remember that HDFC Bank’s savings account interest rate is 3.50 – 4.42%. Here are the HDFC Bank Fixed Deposit Interest Rates or HDFC Bank Sweep In Deposit Facility Rates (2020) for various tenures: HDFC Fixed Deposit (7 days to 14 days): 3%.

The objective of bank fixed deposit is to earn better returns on idle money than savings account, FD interest rates varies from bank to bank depending upon tenure. To create an fixed deposit, you require lump sum investment for a fixed tenure and on this invested amount, banks offer you to get a fixed interest periodically till the end of the term. Now-a-days many banks offer competitive & attractive interest rates on FD for Senior Citizens and NRE/ NRO customers. You can also calculate FD interest rate, this will help you to take a proper investment decision.

The advantage of FD is that bank offers loan facility upto 90% of the amount on the FD and the interest rate to such loan is around 0.50% to 2.00% higher than the fixed deposit rate. Another advantage of FD is periodic income (interest) can be transferred periodically to savings account. To know more advantage of fixed deposit check diffrence between FD Vs RD.

The disadvantage of FD is tax deduction at source (TDS) at the rate of 10% on interest earned, if it exceeds Rs. 10,000 in one financial year.

Fixed Deposit Highlights

• Maximum Investment Amount: No such limit
• Interest Rates Variable: from 7 to 9% based on tenure
• Interest Rates Compounding: Quarterly
• Interest earned is taxable: Yes
• Liquidity: Yes
• Tenure: 7 days to 10 years
• Income Tax Rebate u/s 80C: Yes upto Rs 1,50,000/- p.a., but on FD with a lock in period of 5 or more years
• Maturity Value: Taxable
• Premature Withdrawals: Entire amount, anytime but after charging a certain penalty
• Loans/Overdraft: Overdraft facility upto 90% of the amount in the FD
• Tax Deduction at Source: Yes at the rate of 10% on interest earned if if it exceeds Rs. 10,000 in one financial year
• Risk: Risky as compared to PPF
• Periodic Income: Yes

Things To Do Before Investing in Bank Fixed Deposit

(1) Decide Upon the Tenure of Bank FD: It is needed to decide the tenure for which you can keep the funds in a Bank FD. It can be done by estimating as to for how long you don't require invested funds.

(2) Decide Upon the Amount of Investment: You will have to decide the amount of funds to be invested in Bank FD. You should not invest your whole savings in Bank FD but should diversify it well. You can take the help of a financial consultant for the same.

(3) Select the Right Bank to Make an FD: It is the most important thing to select the best bank to open your FD with. You must compare the FD interest rates offered by various banks to select the right bank. As the interest rates offered by the banks change on regular intervals, you need to check the latest interest rates offered by different banks from their respective official websites. You must not ignore other aspects also such as customer servicing, online investment option, fast processing, nearby branch presence, etc. while selecting the bank to start the FD.

Tips to Earn More Money from Fixed Deposits

Compare FDs Interest Rates offered by Different Banks

You must compare interest rates offered by various banks and choose the right bank which offer you the best interest for a given tenure. You can take the help of websites of banks or financial aggregators to do the same.

Make the FD in the name of Senior Citizen Family Member

If you have senior citizen parents then it is better to invest money in their name because banks usually offer higher interest rate to senior citizen which is 0.50% higher than that of a person aged below 60 years.

Choose Cumulative Interest Option

If you do not require any monthly income, you should opt for 'Cumulative Option' for interest wherein your interest will be reinvested and given to you on maturity.

Do not Withdraw FD Prematurely

You should avoid withdrawal of FD before its maturity in order to save on penalty. If you have urgent need of fund, you should arrange it from somewhere else instead of breaking your FD prematurely. You can even opt for loan against your FD for arranging for short term fund needs.

Split Your FD Amount

You should remember that banks deduct TDS on your interest income if it exceeds Rs 10,000 in a given financial year. In order to avoid deduction of TDS, you should split your total FD amount into different blocks and open FDs with different banks in such a way so that total interest income from a single FD would not exceed Rs 10,000 in a financial year.

Submit Form 15G/ 15H to avoid TDS

Whenever the interest income is over Rs 10,000 in a given financial year, banks are required to make a TDS at certain rate from the interest income released to the FD account holder. One can avoid such deduction by submitting Form 15G/ 15H, if one's income is non-taxable. In such a way, he will have receive interest without TDS deduction.

Invest money in Corporate Deposit

Corporate Deposits offer higher interest to the customers that the same provided by banks. They provide 1.50% to 2% higher interest rate than that of banks. In order to earn more, one can think of investment in corporate deposits. While selecting company for corporate deposit, look for corporate deposits which have good credit rating.

Icici Bank Fixed Deposit Rates

Why let your money lie idle in your savings account? Put it to work in a high interest rate fixed deposit instead.

Earn a higher interest than a savings account and that too with total security of your funds with Deutsche Bank Fixed Deposit.

• The minimum amount you can invest is Rs. 20,000
• The maximum tenure is 5 years
• Avail overdraft^ upto 95% against your fixed deposit at competitive rates
• Nomination facility available
• Online booking facility available

Domestic and NRO Fixed Deposit rates

w.e.f. February 18, 2021

Please note :

• Interest Rate per annum (%).
• Special interest rates quoted above are applicable for deposits of value less than Rs. 2 crores only.
• No interest is payable for deposits withdrawn prematurely before 7 days.
• Premature withdrawal
  In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals.
• Minimum fixed deposit amount is Rs. 20,000.
• Interest Rates are subject to change without prior notice.
• The following interest payout options available for the customer
  • Monthly
  • Quarterly
  • Cumulative
• *Applicable only for Retail Deposits - Resident Indian Senior Citizens i.e. Resident Individuals of age
  60 years & above and excludes Non-Resident individuals, Individuals in their capacity as a Karta in HUFs and all non individuals. Incase of joint accounts the first holder should be a senior citizen to avail of these rates.
• These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
• In case of monthly interest payout, interest shall be calculated for the quarter and paid monthly at a discounted rate in line with RBI directives.
• In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
• The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year

Systematic Investment Plan (SIP)

Commercial Bank Fixed Deposit Rates

Small investment today will go a long way to build wealth for tomorrow.

More Fixed Deposit options

Senior Citizen Fixed Deposit

NRI Fixed Deposit

Enjoy attractive returns with maximum liquidity with NRE or NRO Fixed Deposits.

Tax Saver Fixed Deposit

Invest in 5 year Tax Saver Fixed Deposit to earn higher interest and also save tax.

Apply for Fixed Deposit

SMS FD to 561615

Call 18602666601^#

^#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

Useful Information

• ^This is applicable only for certain tenures. Please refer to the Interest Rates for more details.
• *Conditions apply - Fixed Deposit:
  • No interest is payable for all deposits withdrawn prematurely before 7 days
  • Premature withdrawal: In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
  • Minimum fixed deposit amount is Rs. 20,000
  • Interest Rates are subject to change without prior notice
  • The stated documentation is subject to change and is at the sole discretion of Deutsche Bank AG
  • Deutsche Bank Tax Saver Fixed Deposit is structured to benefit you the most in terms of this provision. Amount invested up to Rs. 1.5 lakh for a fixed period of 5 years in Tax Saver Fixed Deposit is eligible for deduction under Section 80 (C) of Income Tax Act, 1961

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