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Check Higher Paying Fixed Deposit Rates For Best Returns On Your Investment

We all know the right time for making investments is very important. But the next question which comes to our mind is ‘How do we get to know what is the right time for investment?’. The time period which can bring good returns on your investment is the best time for making investments. Currently the rate of interest is at a higher side which means investing your money will bring good returns. Although it always depends where and how you want to invest your surplus money. Lets have a look how your investment can be fruitful while investing in Fixed Deposits for long term.

RBI has raised interest rate several times this year to control inflation. The increased interest rates always attracts people to invest more which automatically decreases the circulation of money in the economy. Possibility of further increase in interest rates seems to be remote. So this is the right time to invest your surplus money under a fixed deposit in the bank which offers you the best rate. As depositing your money in Fixed deposit is the best way to make your money grow with safety.


Lets have a look which Indian bank is offering the highest rate of interest on fixed deposit :-

Name Of Bank

Time Period

Rate Of Interest (%)

Tamilnad Mercantile Bank (TMB) 620 Days 10.50
Lakshmi Vilas Bank (LVB) 1 to 2 Years 10.50
City Union Bank (CUB) 400 Days 10.40
Tamilnad Mercantile Bank (TMB) 1 Year to 619 Days 10.25
Federal Bank 333 Days 10.00
Tamilnad Mercantile Bank (TMB) 5 Years to 10 Years 10.00
City Union Bank (CUB) 1 Year to 399 Days 10.00
Karur Vysya Bank (KVB) 1 Year to 2 Years 10.00
DBS Bank 5 Years 10.00
City Union Bank (CUB) 401 Days to 2 Years 10.00
The Ratnakar Bank 1 Year to 2 Years 10.00
Maharashtra State Co Operative Bank 1000 days 10.00
Catholic Syrian Bank (CSB) 375 Days to 499 Days 9.90
Federal Bank 555 days 9.90
Federal Bank 1 year 9.80
Oriental Bank Of Commerce (OBC) 1 to 2 Years 9.80
State Bank Of Patiala 555 Days 9.75
State Bank Of Mysore (SBM) 500 Days 9.75
Kotak Mahindra Bank 700 Days 9.60
Punjab and Sind Bank (PSB) 1000 Days 9.60
State Bank Of Travancore (SBT) 500 to 1000 Days 9.60
Syndicate Bank 1 to 2 Years 9.55
State Bank Of Hyderabad (SBH) 1000 Days 9.50
ING Vysya Bank 366 to 500 Days 9.50
Corporation Bank (Corp Bank) 1 to 2 Years 9.50
IDBI Bank 500 Days, 7 to 10 Years 9.50
Canara Bank 366 to 554 Days 9.50
Jammu & Kashmir Bank (JK Bank) 500 Days 9.50
Bank Of India (BOI) 1 to 2 Years 9.50
IndusInd Bank 400 Days 9.50
State Bank Of Bikaner and Jaipur (SBBJ) 3 to 5 Years 9.50
Punjab National Bank (PNB) 1111 Days 9.50
Central Bank Of India 555 Days 9.40
Bank Of Baroda (BOB) 444 Days 9.35
Vijaya Bank 2 to 3 Years 9.35
YES Bank 271 Days, 956 to 960 Days 9.30
Dena Bank 2 to 3 Years 9.25
Indian Overseas Bank (IOB) 3 to 5 Years 9.25
ICICI Bank 590, 790, 990 Days 9.25
Axis Bank 366 to 419 Days 9.25
Indian Bank (IB) 270 to 365 Days 9.25
HDFC Bank 744 Days 9.25


Banks offers 0.5% extra rate of interest to senior citizens.

Note:- Please check latest interest rates from your respective bank branch before investing your money.

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