April 18, 2016

Best Fixed Deposit Rates of Private Sector banks-April 2016

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Highest interest rate for Fixed Deposits (FD) among Private Sector banks

(Last Updated on 18th April 2016)

Which Private bank offer highest Fixed Deposit Interest rate in 2016? 

What is Best Rate of Interest on Fixed Deposits in India in 2016? 

What is Latest Deposit Rates of Private Banks in India 2016?

Bank Fixed deposit has been always one of the most popular investment option for Indians.Generally people visit their respective bank and ask bank officials for the best FD interest rate available in their bank or sometime check online FD interest rate by visiting bank website. People always curious to find which banks are offering the maximum interest rate on fixed deposits. Presently Private Banks offer highest interest rate as compare to Government Banks.

Now, we have started to update the latest bank fixed deposit rate available presently to get maximum benefits. We have compiled the latest Fixed Deposit (FD)  interest rates for maximum benefit. 

Also read: Compare Latest Fixed Deposit Rates of PSUs Banks-April 2016

You can check from the following details that the maximum interest rate of 9.00% on fixed deposit is provided is by RBL Bank and second maximum rate of 8.25 % is provided by  IDFC Bank

Check highest interest rate on Fixed Deposits and also you can check the details interest rate available on fixed deposits by click here option available to the respective below mentioned Public Sector Banks: 

Private-sector banks Fixed Deposit Interest Rates
  1. Axis Bank-Click Here  Maximum Rate on FD is 7.50% for 1 years  to less than 3 years
  2. Catholic Syrian Bank  Click Her Maximum Rate on FD is 7.90% for 13 months.
  3. City Union Bank  Click Her Maximum Rate on FD is 7.75% for 1 year  to up to 5 years
  4. Dhanlaxmi Bank  Click Here  Maximum Rate on FD is 7.35% for 365 Days
  5. DCB Bank Click Here Maximum Rate on FD is 8.10% for 24 Months  to up to 60 Months
  6. Federal Bank   Click Here Maximum Rate on FD is 7.50% for 1 year to 3 years
  7. HDFC Bank Click Here Maximum Rate on FD is 7.50% for 9 Months to 5 years
  8. ICICI Bank Click Here  Maximum Rate on FD is 7.60% for 390 Days to 5 years -Without Premature withdrawal facility & Maximum Rate on FD is 7.50% for 1 Yer to 2 years -With Premature withdrawal facility)
  9. IDFC Bank  Click Here Maximum Rate on FD is 8.25% for 366 Days to  up to 400 Days 
  10. karnataka bank Click Here Maximum Rate on FD is 7.75% for 1 Year to 2 years 
  11. Indusind bank Click Here Maximum Rate on FD is 7.75% for 2 Years 6 Months to below 2 Years 9 Months 

  12. Kotak Mahindra Bank Click Here Maximum Rate on FD is 7.50% for 271 Days  to up to 10 Years 
  13. Jammu and Kashmir Bank   Click Here Maximum Rate on FD is 8.00% for 1 year  to less than 5 years
  14. Karur Vysya Bank Click Here  Maximum Rate on FD is 7.75% for  1 year and above 
  15.  Lakshmi Vilas Bank   Click Here Maximum Rate on FD is 7.90 18 moths to less than 5 years
  16. Nainital Bank Click Here Maximum Rate on FD is 7.90% for 1 year to  up to 2 years.
  17. RBL Bank Click Here Maximum Rate on FD is 9.00% for 9 months to less than 36 months
  18. Saraswat Bank  Click Here Maximum Rate on FD is 7.80% for above 24 months to up to  60 months 
  19. South Indian Bank Click Here Maximum Rate on FD is 7.70% for 15 months.
  20. Tamilnad Mercantile Bank Limited Click Here  Maximum Rate on FD is 7.95% for 400 days.
  21. Yes Bank Click Here Maximum Rate on FD is 7.75% for 12 months 10 days to 24 months 24 days
Disclaimer: For latest interest rate always check the official website of respective Banks