According to The Hindu BusinessLine, the latest fixed deposit interest rates across major banks show significant variations across tenure and bank categories. Foreign banks are offering the highest rates, with DBS Bank leading at 6.85% for 1-2 year tenure and Deutsche Bank providing 7% for 1-2 year deposits. Public sector banks are offering competitive rates, with Bank of Baroda providing 6.6% for 1-2 year deposits and Central Bank of India offering 6.75% for the same tenure. Private sector banks are showing mixed rates, with Bandhan Bank offering 7.45% for 1-2 year deposits while Axis Bank provides 6.5% for the same period. As per BankBazaar.com data, current interest rates and annual percentage yields apply to your account and are accurate as of April 3, 2026, with rates subject to change based on bank terms and conditions.
As reported by The Hindu BusinessLine, public sector banks are maintaining competitive rates across different tenure categories. Bank of Baroda leads with 6.6% for 1-2 year deposits, while Central Bank of India offers 6.75% for the same period. State Bank of India provides 6.45% for 1-2 year deposits, and Indian Bank offers 6.65% for the same tenure. Longer tenure deposits show lower rates, with Bank of Maharashtra offering 5% for 3-5 year deposits and Punjab National Bank providing 6.35% for the same period. According to the latest data, rates are subject to change and may vary based on bank policies and market conditions.
According to The Hindu BusinessLine, private sector banks are showing varied rate structures across different tenures. Bandhan Bank leads with 7.45% for 1-2 year deposits, while DCB Bank offers 6.00-6.50% for the same period. IDFC First Bank provides 7.25% for 1-2 year deposits, and RBL Bank offers 4.75-6.05% for the same tenure. Longer tenure deposits show more competitive rates, with TNSC Bank offering 7.6% for 3-5 year deposits and Yes Bank providing 7% for the same period. As per the most recent data, rates are subject to change and may vary based on bank policies and market conditions.
As reported by The Hindu BusinessLine, small finance banks are offering the highest rates across all categories. Equitas Small Finance Bank leads with 8% for 3-5 year deposits, while Suryoday Small Finance Bank offers 8.1% for the same period. Utkarsh Small Finance Bank provides 7.5% for 3-5 year deposits, and Jana Small Finance Bank offers 7.77% for the same tenure. 1-2 year deposits show competitive rates, with ESAF Small Finance Bank offering 7.75% and Ujjivan Small Finance Bank providing 7.25% for this category. According to the latest data, rates are subject to change and may vary based on bank policies and market conditions.
According to BankBazaar.com data compiled by The Hindu BusinessLine, fixed deposit rates may be subject to revision after specified tenure depending on bank terms and conditions. Some banks and financial institutions allow fixed rates only for definite periods after which prevailing floating rates become applicable. The data reflects rates as of April 3, 2026, with banks updating their rate structures regularly based on market conditions and regulatory requirements. As per the most recent information, rates are subject to change and customers are advised to contact their banks for the most current interest rates and terms.
