Corporate FDs vs Bank FDs: Which one should you opt for? Let’s compare | Business

Senior Citizen Bank Fixed Deposit Rates Bank Name Interest Rates (p.a.) Additional rates offered to Super Senior Citizen* (over and above to senior citizen rates) Highest slab 1-year tenure (%) 3-year tenure (%) 5-year tenure (%) % Tenure PRIVATE SECTOR BANKS Axis Bank 7.85 17 months to less than 18 months 7.20 7.60 7.75 — Bandhan Bank 8.35 500 days 7.75 7.75 6.60 — City Union Bank 7.50 400 days 7.00 6.75 6.50 — CSB Bank 7.75 401 days 5.50 6.25 6.25 — DBS Bank 8.00 376 days to 540 days 7.50 7.00 7.00 — DCB Bank 8.60 25 months to 26 months 7.65 8.10 7.90 — Federal Bank 8.00 500 days 7.30 7.50 7.25 — HDFC Bank 7.75 5 years 1 day to 10 years & 18 months to less than 21 months 7.10 7.50 7.50 — ICICI Bank 7.75 15 months to 2 years 7.20 7.50 7.50 — IDFC First Bank 8.50 500 days 7.00 7.75 7.50 — IndusInd Bank 8.25 1 year to 2 years 8.25 7.75 7.75 — Jammu & Kashmir Bank 7.60 1 year to less than 2 years 7.60 7.00 7.00 — Karur Vysya Bank 8.00 444 days 7.40 7.40 7.40 — Kotak Mahindra Bank 7.90 390 days to less than 23 months 7.60 7.60 6.70 — Nainital Bank 7.55 400 days – Naini Plus 2023 Deposit Scheme 7.20 6.75 6.25 0.10% on all tenures RBL Bank 8.60 18 months to 2 years 8.00 8.00 7.60 0.25% on all tenures SBM Bank India 9.00 Above 3 years 2 days to less than 5 years 7.55 7.80 8.25 — South Indian Bank 7.90 400 Days 7.20 7.20 6.50 — Tamilnad Mercantile Bank 8.25 444 days (TMB 444 – Special Deposit) 7.50 7.00 7.00 — YES Bank 8.25 18 month to less than 2 years 7.75 8.00 8.00 — PUBLIC SECTOR BANKS Bank of Baroda 7.75 Above 2 years to 3 years 7.35 7.75 7.15 — Bank of India 7.75 2 years 7.30 7.25 6.75 0.15% on tenures of 180 days to 10 years Bank of Maharashtra 7.00 1 year 7.00 6.25 6.25 — Canara Bank 7.75 444 days 7.35 7.30 7.20 0.10% on 444 days Central Bank of India 7.75 555 days 7.25 7.00 6.75 — Indian Bank 7.75 400 days – IND SUPER 6.60 6.75 6.75 0.25% on all tenures Indian Overseas Bank 7.80 444 days 7.40 7.00 7.00 0.25% on all tenures Punjab National Bank 7.75 400 days 7.25 7.50 7.00 0.30% for tenures up to 5 years Punjab & Sind Bank 7.75 444 days 6.70 6.50 6.50 0.15% on tenure of 444 days State Bank of India 7.50 2 years to less than 3 years 7.30 7.25 7.50 — Union Bank of India 7.75 399 days 7.25 7.00 7.00 0.25% on all tenures FOREIGN BANKS Deutsche Bank 8.00 Above 1 year to 3 years 7.00 8.00 7.50 — HSBC Bank 7.75 732 days to less than 3 years 4.50 7.50 6.50 — Standard Chartered Bank 8.00 2 years to less than 3 years 7.65 7.60 7.25 — Note: *Depositors aged 80 years and above Source: Paisabazaar.com Interest rates as of 3 April 2024