FD rates in Nov: From SBI to Yes Bank, top interest offers across banks

Banks have trimmed fixed deposit rates in recent months, but several lenders still offer competitive returns across key tenures. Here is a detailed look at the latest FD slabs for investors

Best FD Rates List: Looking to place your money somewhere steady without taking unnecessary risk? Many savers still choose fixed deposits, even though most banks have trimmed their interest rates over the past few months. Whether you want a short deposit or a longer commitment, here’s a look at the latest FD rates across public and private sector banks such as State Bank of India, Punjab National Bank, Bank of Baroda, IndusInd Bank and Yes Bank, according to data provided by PaisaBazaar:

 

Private sector bank fd rates

 

Bandhan Bank

Highest rate: 7.20% (2 years to less than 3 years)

 

1-year: 7%

3-year: 7%

5-year: 5.85%

10-year: 5.85%

 

CSB Bank

Highest rate: 7% (13 months)

1-year: 5%

3-year: 5.75%

5-year: 5.75%

10-year: 6%

 

DCB Bank

Highest rate: 7.20% (37 to 38 months)

1-year: 6.90%

3-year: 7%

5-year: 7%

10-year: 7%

 

IDFC First Bank

Highest rate: 7% (450 days to 5 years)

1-year: 6.30%

3-year: 7%

5-year: 7%

10-year: 6%

 

IndusInd Bank

Highest rate: 7% (555 days)

1-year: 6.75%

3-year: 6.90%

5-year: 6.65%

10-year: 6.50%

 

Jammu & Kashmir Bank

Highest rate: 7.05% (888 days)

1-year: 6.55%

3-year: 6.65%

5-year: 6.60%

10-year: 6.60%

 

RBL Bank

Highest rate: 7.20% (18 months to 3 years)

1-year: 7%

3-year: 7.20%

5-year: 6.70%

10-year: 6.70%

 

SBM Bank India

Highest rate: 7.10% (above 15 months to 3 years 2 days)

1-year: 7%

3-year: 7.10%

5-year: 7%

10-year: 7%

 

Yes Bank

Highest rate: 7% (18 months 1 day to under 5 years)

1-year: 6.65%

3-year: 7%

5-year: 6.75%

10-year: 6.75%

 

Public sector bank fd rates

 

Public sector banks continue to offer steady options for conservative savers.

 

Bank of Baroda

Highest rate: 6.60% (444 days – BoB Square Drive Deposit Scheme)

1-year: 6.50%

3-year: 6.50%

5-year: 6.40%

10-year: 6%

 

Bank of India

Highest rate: 6.60% (777 days – Star Utsav)

1-year: 6.25%

3-year: 6.25%

5-year: 6%

10-year: 6%

 

Bank of Maharashtra

Highest rate: 6.65% (500 days)

1-year: 6.20%

3-year: 6.20%

5-year: 6.10%

10-year: 6.10%

 

Central Bank of India

Highest rate: 6.75% (2222 days; 3333 days)

1-year: 6.40%

3-year: 6.25%

5-year: 6.25%

10-year: 6.25%

 

Indian Bank

Highest rate: 6.60% (444 days)

1-year: 6.10%

3-year: 6.25%

5-year: 6%

10-year: 6%

 

Indian Overseas Bank

Highest rate: 6.70% (444 days)

1-year: 6.60%

3-year: 6.20%

5-year: 6.20%

10-year: 6.20%

 

Punjab National Bank

Highest rate: 6.60% (390 days)

1-year: 6.25%

3-year: 6.40%

5-year: 6.25%

10-year: 6%

 

Punjab & Sind Bank

Highest rate: 6.60% (444 days)

1-year: 6%

3-year: 6%

5-year: 6.10%

10-year: 6%

 

State Bank of India

Highest rate: 6.60% (444 days – Amrit Vrishti)

1-year: 6.25%

3-year: 6.30%

5-year: 6.05%

10-year: 6.05%

 

Union Bank of India

Highest rate: 6.60% (3 years)

1-year: 6.40%

3-year: 6.60%

5-year: 6.40%

10-year: 6.40%

 

Axis Bank revises fixed deposit rates

 

Axis Bank has updated its domestic FD rates, with different slabs based on the amount and tenure. The revisions apply to both regular customers and senior citizens.

 

For deposits under Rs 3 crore, regular customers earn between 3% and 6.60%. For deposits between Rs 3 crore and less than Rs 5 crore, the range is between 4% and 8% per annum.

 

Senior citizens receive slightly better rates, with 3.50% to 7.35% for deposits below Rs 3 crore and 4.50% to 8% for deposits between Rs 3 crore and under Rs 5 crore.

 

Short-term deposits of 7 to 14 days and 15 to 29 days offer 3% to 4.50%. Deposits of 30 to 45 days offer 3.25% to 4.50%, and 46 to 60 days return 4% to 5.50%. For deposits between 3 months 25 days and under 6 months, the range is 4.50% to 6.30%. Medium tenures such as 61 to 87 days and 88 days to 3 months 24 days offer between 4% and 5.80%.

 

Locking in an FD

 

If you’re thinking about opening a fresh FD, financial advisers suggest moving sooner rather than later, as banks may continue trimming rates.

 

“If you’re planning to open a new FD, consider doing so soon to lock in the current higher interest rates before banks adjust them downward,” said Adhil Shetty, CEO of BankBazaar.

 

Some banks still offer around 8% on certain deposits. This can work in your favour if rates fall later.

 

“Locking in an FD means securing a fixed interest rate for a specific period. Once invested, the money cannot be withdrawn before maturity without a penalty. This ensures the investor continues to earn the agreed rate, even if interest rates drop in the future,” said Shetty.