Best Fixed Deposit Rates

Best Fixed Deposit Rates In December 2018

Top Fixed Deposits Offered Mostly By Small Finance Banks

In today's scenario of falling interest rates it's a concern for most people especially senior citizens whose monthly income is the interest earn from FD's. There is some respite offered to them especially small finance banks who are offering interest rates up to 9%.
Below are some of the best rates offered by banks.

Highest Fixed deposit Rate for 6 months  -  At present ESAF, Equitas, Ujjivan, Utkarsh Small Finance Bank is giving interest rate of 7.50% p.a for 6 months along with Suryoday Small Finance Bank  at 7.75% p.a.

Highest Fixed deposit Rate for 1 Year - For 1 year tenure ESAF, Equitas, Fincare Small Finance Bank is giving 8.75%.  Utkarsh Small Finance Bank 1 year rate is 9.00%.

Highest Fixed deposit Rate for 2 Years - In 2 years tenure again Suryoday Small Finance Bank and Fincare Small Finance Bank are giving highest interest rate at 9.00% p.a.

Highest Fixed deposit Rate for 3 Years to 4 Years - In 3 year to 4 year tenure AU Small Finance Bank and Fincare Small Finance Bank are offering 8.00%, DCB Bank is giving 8.05% whereas IDFC Bank is giving 8.25%.

Highest Fixed deposit Rate for 4 Years to 5 Years - IDFC Bank is offering 8.25% in this tenure along with Utkarsh Bank at 8.00%

AU Small Finance Bank FD Rates


TENURE BUCKETS



Resident / NRE* / NRO Interest Rate (%)



Annualized Yield (i)



7 Days to 1 Month 15 Days



5.50%



 



1 Month 16 Days to 3 Months



6.75%



 



3 Months 1 Day to 6 Months



6.90%



7.02%



6 Months 1 Day to 13 Months



7.00%



7.19%



13 Months 1 Day to 18 Months



8.25%



8.51%



18 Months 1 Day to 24 Months



8.50%



8.77%



24 Months 1 Day to 36 Months



7.75%



7.98%



36 Months 1 Day to 45 Months



7.75%



7.98%



45 Months 1 Day to 60 Months



8.00%



8.24%



60 Months 1 Day to 120 Months



7.25%



7.45%


Equitas Small Finance Bank FD Rates

wef 5th-July-2018
TenureDomestic Interest Rates for Less than Rs 1 crore
7 days- 14 days5.00%
15 days- 29 days5.50%
30 days to 45 days6.00%
46 days to 90 days6.25%
91 days to 180 days6.50%
181 days to 270 days6.75%
271 days to 364 days7.50%
1 year to 18 months8.50%
18 months 1 day to 2 years8.75%
2 years 1 day to 3 years8.80%
3 years 1 day to 10 years7.00%

Fincare Small Finance Bank Interest Rates

INTEREST RATES (PER ANNUM)
TENUREGeneral PublicSenior Citizens**
7 days to 45 days4.00%4.50%
46 days to 90 days4.00%4.50%
91 days to 180 days6.00%6.50%
181 days to 364 days7.00%7.50%
12 months to 15 months8.00%8.50%
15 months 1 day to 18 months8.25%8.75%
18 months 1 day – 21 months8.50%9.00%
21 months 1 day – 24 months8.75%9.25%
24 months 1 day – 36 months9.00%9.50%
3 years 1 day – 5 years8.00%8.50%
5 years 1 day – 7 years7.00%7.50%

ESAF Small Finance Bank FD Rates

Rate of Interest effective from 1st November 2018
Retail Term Deposit (Less than INR 1 Cr)RATE OF INTEREST#
Domestic#
TenureNORMALSENIOR CITIZEN
7 days to 14 days5.50%6.00%
15 - 59 days5.50%6.00%
60 days to 90 days6.25%6.75%
91 days to 179 days6.75%7.25%
180 days to 363 days7.50%8.00%
364 days5.60%6.10%
365 - 727 days8.75%9.25%
728 days6.80%7.30%
729 - 1091 days8.00%8.50%
1092 days5.66%6.16%
1093 - 1819 days7.00%7.50%
1820 days5.65%6.15%
1821 - 3652 days7.00%7.50%
SBI Reduced FD Rates

SBI Reduced FD Rates On 01-11-2017

 

 

Reduced FD Rates in SBI at a Glance 

  • SBI Fixed Deposit Rate for 1 Year (Less than 1 crore) is 6.25% p.a
  • SBI Fixed Deposit Rate for 2 Years (Less than 1 crore) is 6.00% p.a
  • SBI Fixed Deposit Rate for3 Years (Less than 1 crore) is 6.00% p.a
  • SBI Fixed Deposit Rate for 5 Years (Less than 1 crore) is 6.00% p.a
SBI Charges

SBI Revised criteria for Monthly Average Balance (MAB) in Savings Bank Accounts and charges for non maintenance of MAB w.e.f 01.10.2017

 

SBI Revised criteria for Monthly Average Balance (MAB)

 

 AreaExisting Monthly Average Area Proposed Monthly 
  Balance     Average Balance 
           
 MetroRs 5,000/-   Metro & Urban    
 UrbanRs 3,000/-     Rs 3,000/- 
          
 Semi UrbanRs 2,000/-   Semi Urban Rs 2,000/- 
 RuralRs 1,000/-   Rural Rs 1,000/- 
           
 Penalty for Non- maintenance of MAB        
     
 Metro Existing Charges   /Proposed Charges / p.m.
    p.m.    
 Shortfall < = 50% Rs. 50/- +GST    
 (MAB ≥ Rs1500/- and < Rs3000/-)    Shortfall <=50%= Rs 30/-
 Shortfall > 50 – 75% Rs. 75/- +GSTShortfall > 50-75% = Rs 40/-
 (MAB ≥ Rs 750 and < Rs 1500/-)    Shortfall > 75%= Rs. 50/-
 Shortfall > 75% (MAB < Rs750/-)  Rs. 100/- +GST plus GST
 Urban         
 Shortfall < = 50%  Rs. 40/- +GST    
 (MAB ≥ Rs1500/- and < Rs 3000/-)        
 Shortfall > 50 – 75%  Rs. 60/- +GST    
 (MAB ≥ Rs 750 and < Rs 1500/-)        
 Shortfall > 75% (MAB < Rs750/-)  Rs. 80/- +GST    
 Semi-Urban        
 Shortfall < = 50%  Rs. 25/- +GSTShortfall <=50%= Rs 20/-
 (MAB ≥ Rs1000/- and < Rs 2000/-)    Shortfall > 50-75% = Rs 30/-
 Shortfall > 50 – 75%  Rs. 50/- +GSTShortfall > 75%= Rs.40/-
 (MAB ≥ Rs 500 and < Rs 1000/-)     plus GST
 Shortfall > 75% (MAB < Rs500/-)  Rs. 75/- +GST    
 Rural         
 Shortfall < = 50%  Rs. 20/- +GST    
 (MAB ≥ Rs500/- and < Rs 1000/-)        
 Shortfall > 50 – 75%  Rs. 30/- +GST    
 (MAB ≥ Rs 250 and < Rs 500/-)        
 Shortfall > 75% (MAB < Rs250/-)  Rs. 50/- +GST    

 

 

The following categories of Savings Bank Accounts are excluded from MAB requirement:

 

  1. Financial Inclusion Accounts

 

  1. No frill accounts

 

  • Salary Package accounts

 

  1. Basic Savings Bank Deposit Accounts

 

  1. Small Accounts

 

  1. Pehela Kadam and Peheli Udaan accounts.

 

  • Minors up to the age group of 18 (Primary Account Holder)

 

  • Pensioners, all categories, including recipients of social welfare benefits

SBI reduces interest on fixed deposits

Country’s largest lender State Bank of India has cut its term deposit rates by 0.25 percent effective from October 1.

According to the new structure, for up to 1-year deposits, SBI will offer a rate of 6.50 percent as compared to 6.75 percent earlier.

The rates have been revised for up to 1-year term deposits and for amount below Rs one crore.

According to the new structure, for up to 1-year deposits, SBI will offer a rate of 6.50 percent as compared to 6.75 percent earlier.

sbi fd rates

SBI Base Rate Revised

SBI has cut base rate to 8.95% from 9% for home loan borrowers. It will become effective from October 1.

SBI has cut base rate to 8.95% from 9%. This will be effective from October 1.

Andhra Bank and Bank of Baroda on Thursday reduced their base rate to 9.55% from 9.70% and 9.15% from 9.50% respectively. This will come in force starting October.

Those existing home loan borrowers, who had availed home loans before April 1, 2016 will be benefited as their home loans are linked to the erstwhile base rates of the banks. Many borrowers have no moved from base rate to MCLR.

It’s suggested that borrowers should switch to MCLR to keep on getting benefits of moving rates.

SBI Revises Savings Bank Account Closure Charges

SBI Revises Savings Bank Account Closure Charges

SBI Revises Savings Savings Bank Account Closure Charges with effect from 1st October 2017.

1.There will be no charges on closing the account upto 14 days of Account opening

2. After 14 days and upto 1 year of opening the account closing charges are Rs500+ GST

3. Beyond 1 year of opening the account closing charges are NIL

4. Closure of account by BSBD customers there will be no charges.

State Bank Revised Average Balance Limit

State Bank of India (SBI) has reviewed the requirement of maintaining Monthly Average Balance (MAB) and the charges for non-maintenance of MAB. In this context SBI would like to state that financial inclusion including JAN DHAN Accounts have never been subject to any charges. In respect of the rest, it has now been decided to exempt the pensioners, beneficiaries of social benefits from the Government and accounts of Minors. Therefore, this is in addition to the already exempted categories under PMJDY accounts and Basic Savings Bank Deposits Accounts (BSBD).

SBI Charges

SBI Cut Interest Rates on Savings Bank Deposits

SBI Cut Interest Rates on Savings Bank Deposits

India's largest lender State Bank of India (SBI) on Monday cut interest rates on savings bank deposits by 0.5 per cent. Banks were flushed with liquidity after Government's demonetization move last year.

The new interest rates on savings bank deposits will be come into effect from 31st July.

Now, for saving deposits balance up to Rs 1 crore, SBI will offer a rate of 3.5 per cent as compared to 4 percent earlier, the bank said.

However, for saving deposits balance above Rs 1 crore, rate of interest has been retained at 4 per cent per annum.

To promote digital banking, SBI had earlier reduced charges levied on Real-time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) transactions up to 75 per cent.

NEFT and RTGS are electronic money transaction mechanisms used to transfer money between two different bank accounts anywhere in the country.