Latest Interest Rates on Fixed Deposits (29th August 2011)

Interest rates offered by various banks on fixed deposits have been updated by Bachhat as of 29^th August 2011.  The entire list of banks along with interest rates offered by them for various tenures can be found here.

Given below are the top five banks offering the highest interest rates on fixed deposits for various tenures:

Banks	Less than 3 Months
Corporation Bank	8.75
ING Vyasa Bank	8.40
UCO Bank	8.00
Ratnakar Bank	7.75
Karur Vyasa Bank	7.65

Banks	3 to < 6 Months
Corporation Bank	9.00
Barclays Bank	8.60
ING Vyasa Bank	8.50
UCO Bank	8.50
Punjab & Sind Bank	8.40

Banks	6  to < 12 months
Dhanlaxmi Bank	10.00
Federal Bank	10.00
South Indian Bank	10.00
Punjab & Sind Bank	9.75
Syndicate Bank	9.75

Banks	1 to < 2 years
Lakshmi Vilas Bank	10.50
City Union Bank	10.40
Tamilnad Mercantile Bank	10.25
Ratnakar Bank	10.00
State Bank of Travancore	10.00
Karur Vyasa Bank	10.00

Banks	2 to < 3 years
Lakshmi Vilas Bank	9.75
City Union Bank	9.75
Tamilnad Mercantile Bank	9.75
Karur Vyasa Bank	9.75
State Bank of Patiala	9.75

Banks	3 to < 5 years
City Union Bank	9.75
Tamilnad Mercantile Bank	9.75
Lakshmi Vilas Bank	9.50
Karur Vyasa Bank	9.50
Punjab & Sind Bank	9.50
State Bank of Travancore	9.50
Karnataka Bank	9.50
IDBI Bank	9.50
Jammu & Kashmir Bank	9.50
Punjab National Bank	9.50
State Bank of Bikaner & Jaipur	9.50
Barclays Bank	9.50

Banks	5 years & above
Tamilnad Mercantile Bank	10.00
City Union Bank	9.75
Karur Vyasa Bank	9.50
State Bank of Travancore	9.50
IDBI Bank	9.50
South Indian Bank	9.50

Banks	Tax Savings FDs
Tamilnad Mercantile Bank	9.75
Oriental Bank of Commerce	9.75
City Union Bank	9.50
State Bank of Travancore	9.50
IDBI Bank	9.50
State Bank of Bikaner & Jaipur	9.50
Karnataka Bank	9.50

This is a biweekly post and shall be updated again on 12^th September 2011.