Interest Rates on Fixed Deposits by Various Banks arious Banks Comparing rate of interests of banks in India for last

few years indicate that they have been quite volatile. In 2010, the rate of interest started again going up as banks were short of funds. In the early 2011, these have still further hardened. There has been very frequent changes by not only foreign banks but also by Public Sector Banks and it becomes extremely difficult to keep updated data. Moreover, now a days there are no standard buckets across all banks. Some banks are offering very high rate of interest for a particular segments based on some odd days (e.g. 400 days; 500 days; 1111 days etc. etc.) Such rates have not been included here We have below compiled the list of banks and given the interest rates being offered by them. It is possible that in some cases the same could not be updated due to non-supply / confirmation of changed details by respective banks. Therefore, it is advised to check up with the respective Bank before final decision is taken up for deposits.
(The Interest Rates given on banks sites is usually for the lowest slab of deposits. For deposits above Rs.15 lacs , 1 crore , 10 crores, most of the banks have higher rates. Similarly, Senior citizens are offered higher rate of interest by most of the Banks. Thus, it is advisable to check such interest rates on respective sites of the banks.) Tips for bank deposits

You should try to keep your surplus funds in Fixed Deposit for a longer duration if you feel you will not need the funds during the tenure of the deposit, as longer maturity deposits usually give higher returns. However, in recent times, banks have sometimes started giving higher interest for shorter durations also as such banks view that in short span of time, interest rates will be lower. If you feel that interest rates of longer duration deposits are going to fall in future, you should opt for longer duration of fixed deposits so that you can continue to earn higher interest.