November 26, 2016

Demonetization effect: Banks Cut Fixed Deposit (FD) Interest Rates

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

(Latest Updated on 26th November 2016)

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

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

what is Latest Deposit Rates of Banks in India November 2016?

Bank Fixed deposit has been always one of the most popular investment option for Indians. After demonetization bank cut fixed deposit interest rate.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.
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. 

You can check from the following details that the maximum interest rate of 7.35 % on fixed deposit is provided is by Canara Bank  and second maximum rate of 7.30 % is offered by Oriental Bank of Commerce & Syndicate 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: 


  1. State Bank of India-Click Here  Maximum Rate on FD is 4.25% for 1 Year to up to 10 years.
  2. State Bank Of Bikaner And Jaipur Click Her Maximum Rate on FD is 7.00 % for 211 Days to Less than 1 year.
  3. State Bank of Hyderabad Click Her Maximum Rate on FD is 7.00 % for 211 Days to Less than 1 year.
  4. State Bank of Patiala Click Here  Maximum Rate on FD is 7.00 % for 211 Days to Less than 1 year.
  5. State Bank of Mysore Click Here Maximum Rate on FD is 7.00 % for 211 Days to Less than 1 year.
  6. State Bank of Travancore  Click Here Maximum Rate on FD is 7.00 % for 211 Days to Less than 1 year.
Nationalised banks 
  1. Allahabad Bank Click Here Maximum Rate on FD is 7.00% for 1 Year to less than 2 years.
  2. Andhra Bank Click Here  Maximum Rate on FD is 7.15 % for 1 Year to 2 years.
  3. Bank of Baroda Click Here Maximum Rate on FD is 7.00 % for 271 Days to  up to 2 Years 
  4. Bank of India Click Here Maximum Rate on FD is 7.10 %  for 1 Year to less than 3 years.
  5. Bank of Maharashtra Click Here Maximum Rate on FD is 6.80 % for 3 Years  
  6. Bharatiya Mahila Bank Click Here Maximum Rate on FD is 7.25 % for 1 year to less than 3 Years 
  7. Canara Bank  Click Here Maximum Rate on FD is 7.35 % for 2 years  to less than 5 years
  8. Central Bank of India Click Here  Maximum Rate on FD 7.15 % for 1 Year to less than 2 years and for 555 Days or 777 Days
  9. Corporation Bank Click Here Maximum Rate on FD is 7.10 % for 1 year to less than 3 years 
  10. Dena Bank  Click Here Maximum Rate on FD is 7.25 %  for 2 Years to less than 5 Years
  11. Indian Bank Click Here Maximum Rate on FD is 7.00 % for 1 Year
  12. Indian Overseas Bank Click Here Maximum Rate on FD is 7.25 % for 1 year to less than 2 years
  13. Oriental Bank of Commerce Click Here Maximum Rate on FD is 7.30% for 1 year to less than 2 year
  14. Punjab & Sind Bank Click Here  Maximum Rate on FD is 7.10 % for 1 year to 2 years.
  15. Punjab National Bank Click Here Maximum Rate on FD is 7.00 % for 1 year.
  16. Syndicate Bank Click Here  Maximum Rate on FD is 7.30%  for 1 Year.
  17. UCO Bank  Click Here Maximum Rate on FD is 7.00% for 1 year.
  18. Union Bank of India Click Here Maximum Rate on FD is  7.25% for above 1 year to 10 Years.
  19. United Bank of India  Click Here  Maximum Rate on FD is 6.75% for 1 year to less than 3 Years.
  20. Vijaya Bank Click Here Maximum Rate on FD is 6.75% for 1 year to less than 2 years.
  21. IDBI Bank Click Here Maximum Rate on FD is 7.15 % for 1 year to up to 5 years
Note :Above Rate is applicable for deposits less than 1 Crore

Disclaimer: For latest interest rate always check the official website of respective Banks