Calculate Interest on Fixed Deposit

All Banks FD Rates and Tenure

(* Last Updated on Oct-2019)
Bank Interest Rate FD Tenure
SBI Fixed Deposit 5.75% - 6.85% 7 Days - 10 Years
HDFC Bank Fixed Deposit 3.50% - 7.40% 7 Days - 10 Years
ICICI Bank Fixed Deposit 4.00% - 7.50% 7 Days - 10 Years
Axis Bank 3.50% - 7.60% 7 Days - 10 Years
Kotak Bank 3.50% - 7.40% 7 Days - 10 Years
IDFC Bank 4.00% - 8.25% 7 Days - 10 Years
Bank of Baroda 4.50% - 6.85% 7 Days - 10 Years
Citibank 3.00% - 7.50% 7 Days - 1095 Days
IDBI Bank 5.75% - 7.05% 15 Days - 20 Years
Indian Bank 4.50% - 6.75% 7 Days - 10 Years
Indian Overseas Bank 4.50% - 6.80% 7 Days - 10 Years
OBC 5.75% - 6.75% 7 Days - 10 Years
PNB 5.75% - 6.75% 7 Days - 10 Years
HDFC 7.70% - 7.70% 12 Months - 84 Months
PNB Housing Finance 8.25% - 8.45% 12 Months - 84 Months
Allahabad Bank 5.00% - 6.75% 7 Days - 10 Years
Andhra Bank 4.00% - 6.80% 7 Days - 10 Years
Bank of India 5.25% - 6.70% 7 Days - 10 Years
Bank of Maharashtra 4.25% - 6.60% 7 Days - 10 Years
Canara Bank 5.75% - 7.00% 7 Days - 10 Years
Central Bank of India 4.75% - 6.60% 7 Days - 10 Years
Dena Bank 4.00% - 6.75% 7 Days - 10 Years
Punjab and Sind Bank 4.00% - 6.75% 7 Days - 10 Years
UCO Bank 4.50% - 6.75% 7 Days - 10 Years
Union Bank of India 5.00% - 6.85% 7 Days - 10 Years
Vijaya Bank 5.00% - 6.80% 7 Days - 10 Years
United Bank of India 4.00% - 6.50% 7 Days - 10 Years
Standard Chartered Bank 4.25% - 7.40% 7 Days - 5 Years
Bandhan Bank 3.50% - 7.55% 7 Days - 10 Years
RBL Bank 5.00% - 8.05% 7 Days - 20 Years
Bajaj Finserv 8.00% - 8.75% 12 Months - 60 Months
South Indian Bank 4.00% - 7.60% 7 Days - 10 Years
LIC Housing Finance 8.15% - 8.30% 1 Year - 5 Years
Syndicate Bank 4.75% - 6.80% 7 Days - 10 Years
Yes Bank 5.00% - 7.25% 7 Days - 10 Years
Federal Bank 3.50% - 7.45% 7 Days - 10 Years
Lakshmi Vilas Bank 4.50% - 8.00% 7 Days - 10 Years
Karur Vysya Bank 5.00% - 7.00% 7 Days - 10 Years
Karnataka Bank 3.50% - 7.50% 7 Days - 10 Years
Jammu And Kashmir Bank 5.00% - 7.30% 7 Days - 10 Years
IndusInd Bank 3.75% - 8.00% 7 Days - 10 Years
Corporation Bank 4.50% - 6.80% 7 Days - 10 Years
DBS Bank 4.00% - 7.50% 7 Days - 10 Years
DCB Bank 4.00% - 8.05% 7 Days - 120 Months
HSBC Bank 3.15% - 7.00% 7 Days - 47 Months
Dhan Laxmi Bank 4.00% - 7.25% 7 Days - 10 Years
DHFL 8.25% - 9.00% 12 Months - 120 Months

What is Fixed Deposit?

Fixed Deposit is a kind of deposit with comparatively higher rate of interest. The interest rate is fixed for the whole time period. It is considered as one of the safest investment option. It is used to determine the result amount by applying compounded rate of interest on a monthly, quarterly, half-yearly or annual basis.

What is the Formula to calculate Interest on Fixed Deposit?

Here is the formula of Fixed Deposit:

A = P (1 + r/25) ^ (4*n)

where,
A = Maturity Amount
p = Deposit or Initial amount
n = Compounding Frequency

For example, you invest Rs. 1,00,000 for 3 years at a 10% p.s compounding quarterly. So total amount earned after 5 years including initial investment will be: A = 100000 (1+ (10/25)) ^ (4*3) = Rs. 134489

What are the benefits of FD?

  • Safe investment.
  • Fixed returns on investment.
  • Stable and predicted interest rate.
  • More suitable for investor who doesn't want to take more risk.
  • Suitable for seior sitizens.

How much minimum tenure can a bank offer for fixed deposit?

The minimun tenure can a bank offer for fixed deposit is as low as 7 days.

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