High Interest Fixed Deposits | Earn 7% to 8.50% P.A With Fixed Deposits

which is the best bank for fixed deposit Account?

After currency ban in India, most of the banks received a big number of applications for opening a high interest Fixed Deposits Account. But post demonetization almost every bank has decreased its FD Interest Rate from 0.10% to 1.25%.

Most of the banks offer an FD account for a minimum tenure of 7 days to maximum 10 years. But few banks like RBL is offering a maximum tenure of 20 years too.

high interest fixed deposits india

As of 15th December 2016, almost every bank is opening FD account with their Low-Interest Rates. Opening FD account for a short-term (Less than 180 days) will give you ROI just like your saving accounts.

You can open your Fixed Deposit Account with a minimum of Rs 10000/- only. In a tenure of 180 days to 1000 days, you can earn interest of 5% to 8.25% annually.

If you are looking for a high interest Fixed Deposits Account, and want to earn more than 7% P.A. Than IDFC Bank Fixed Deposit Account & IDBI Bank Fixed deposit Account will give you 7.50% P.A to 8.50% P.A ROI.

You can also apply for a Loan, Credit Cards or Overdraft against your Fixed Deposit Account. Avail a loan amount of up to 91% of your total FD amount with a 0.50% to 1% Monthly Interest.

 

High Interest Fixed Deposits For 180 Days

 Bank Name  Tenure  Interest On FD
 Axis Bank 181 days  6.00%
 Bank Of India  181 days  6.50%
 Bank of Baroda 181 days  6.50%
Canara Dank 181 days  6.50%
 Punjab National Bank 181 days  6.50%
 Allahabad Bank 181 days  6.50%
 Dena Bank 181 days  6.50%
 Bandhan bank 181 days  4.50%  (7.00% for 6 Months +)
 ICICI Bank 181 days   6.25%
 HDFC Bank 181 days  6.00%
IDBI Bank 181 days  6.75%
 IDFC Bank 181 days   6.75%
 Ratnakar Bank 181 days  7.15%
 Yes Bank 181 days  6.75%
 Laxmi Vilas Bank 181 days  6.50%
Dhan Laxmi Bank 181 days  6.50%
 J&K Bank 181 days  7.00%
 Syndicate Bank 181 days  6.75%
 Corporation Bank 181 days  6.65%
Kotak Mahindra Bank 181 days  6.50%

Read : EARN MORE THAN 6% P.A | 5 HIGH INTEREST SAVINGS ACCOUNTS IN INDIA

High Interest Fixed Deposits For 365 Days

 Bank Name  Tenure  Interest On FD
 Axis Bank  366 days  7.00%
 Bank Of India  366 days 7.00%
 Bank of Baroda  366 days  7.00%
Canara Dank  366 days  7.00%
 Punjab National Bank  366 days  7.00%
 Allahabad Bank  366 days  7.00%
 Dena Bank  366 days  7.00%
 Bandhan bank  366 days  8.00%
 ICICI Bank  366 days  7.00%
 HDFC Bank  366 days  6.95%
IDBI Bank  366 days  7.15%
 IDFC Bank  366 days  7.50%
 Ratnakar Bank  366 days  7.75%
 Yes Bank  366 days  7.10%
 Laxmi Vilas Bank  366 days  7.00%
Dhan Laxmi Bank  366 days  6.90%
 J&K Bank  366 days  7.25%
 Syndicate Bank  366 days  7.00% ( 7.30% For 365 days )
 Corporation Bank  366 days  7.00%
Kotak Mahindra Bank  366 days  6.75%

 

Disclaimer: FD Rates are as per banks guideline at 15th December 2016. And rates can be changed from banks side without any prior notice.

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Jitender Sharma

Jitender is a finance geek with more than 10 years experience in Credit Cards, Savings, & Loans. He is a Co-founder of FoundersBuzz a digital branding platform for small business and startups. And also managing 4BizSolutions one of the best Small Business Blogs in India.


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