Financial planning for everyone
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Data Updated on September 7th, 2010
Assumptions: Rs. 100000 invested for 3 years (interest compounded quarterly for Seniors) .
This table shows the best fixed deposit (Best FD) at the top. It can be utilized to increase your returns without increasing the risk. Your entire sum including Saving Bank balance, RD, FD upto a maximum of Rs 1 Lac is insured in each of the banks by DICGC.
Way2Goals helps you by providing centralized information about bank FDs which is updated twice a week. It has built-in filters to help you choose the Best Fixed Deposits to see how your investment grows for your time horizon.
You can also find Interest Rates , branches, phone nos, link to bank website and download forms of a particular bank.
| Bank | Duration | Rate(%) | Investment(Rs.) | Maturity(Rs.) | Tamilnad Mercantile Bank Ltd | 3 year - 5 years | 8.75 | 100000 | 128613 | Yes Bank | 2 Years 1 Day to 3 Years | 8.75 | 100000 | 128613 | Tamilnad Mercantile Bank Ltd | 2 year - less than 3 years | 8.50 | 100000 | 127728 | The Lakshmi Vilas Bank | 3 years to less than 5 years | 8.50 | 100000 | 127728 | Karnataka Bank | 3 years and above | 8.50 | 100000 | 127728 | The Catholic Syrian Bank | 24 months to less than 90 months | 8.50 | 100000 | 127728 | Development Credit Bank Ltd. | More than 2 years to 3 years | 8.25 | 100000 | 126848 | The Karur Vysya Bank Limited | 2 years and above and inclusive of 3 years | 8.25 | 100000 | 126848 | City Union Bank | 778 days and above | 8.25 | 100000 | 126848 | Indian Bank | 2years and above | 8.25 | 100000 | 126848 | Indian Overseas Bank | greater than 3 Yrs - less than 5 Yrs | 8.25 | 100000 | 126848 | ICICI Bank | 3 years to less than 5 years | 8.25 | 100000 | 126848 | Syndicate Bank | 3 years to less than 5 years | 8.25 | 100000 | 126848 | Syndicate Bank | 3 years to less than 5 years | 8.25 | 100000 | 126848 | IndusInd Bank | 3 years to below 61 month | 8.25 | 100000 | 126848 | State Bank of Bikaner and Jaipur | 3 years and upto less than 5 years | 8.00 | 100000 | 125971 | Central Bank of India | 3 years to less than 5 years | 8.00 | 100000 | 125971 | State Bank of Mysore | 3 Years to less than 5 Years | 8.00 | 100000 | 125971 | State Bank of Hyderabad | 3 years to less than 5 years | 8.00 | 100000 | 125971 | ING Vysya Bank | 730 days to less than 5 years | 8.00 | 100000 | 125971 | The bank of Rajasthan | 3 YEARS to less than 5 YEARS | 8.00 | 100000 | 125971 | United Bank of India | 3 years and less than 5 years | 8.00 | 100000 | 125971 | IDBI Bank | 2 years less than less than 1100 days ( less than 3 years 5 days) | 8.00 | 100000 | 125971 | Indian Overseas Bank | 1001 days to 3 yrs | 8.00 | 100000 | 125971 | Kotak Mahindra Bank | 2 Years and above but less than 3 Years | 8.00 | 100000 | 125971 | Kotak Mahindra Bank | 3 Years and above but less than 5 years | 8.00 | 100000 | 125971 | TNSC Bank | 36 months over and above | 8.00 | 100000 | 125971 | Vijaya Bank | Above 3 Years | 8.00 | 100000 | 125971 | The Jammu and Kashmir Bank Limited | 3 years to less than 5 years | 8.00 | 100000 | 125971 | South Indian Bank Limited | 1 year to 3 years | 8.00 | 100000 | 125971 | State Bank of Travancore | 3 years to less than 5 years | 7.75 | 100000 | 125098 | Axis Bank | 3 years to less than 5 years | 7.75 | 100000 | 125098 | Barclays Bank | 2 years 1 day to 3 years | 7.75 | 100000 | 125098 | Punjab National Bank | 3 years to less than 5 years | 7.75 | 100000 | 125098 | Canara Bank | 3 years and above to less than 5 years | 7.75 | 100000 | 125098 | Punjab and Sind Bank | 3 years to less than 5 Years | 7.75 | 100000 | 125098 | Dena Bank | 3 YEARS TO LESS THAN 5 YEARS | 7.75 | 100000 | 125098 | Corporation Bank | 3 Years to less than 5 Years | 7.75 | 100000 | 125098 | Bank of India | 3 Yrs to less than 5 Yrs except for 1111 days | 7.75 | 100000 | 125098 | Citi Bank | 732 to 1095 | 7.75 | 100000 | 125098 | DBS India | 3 years and less than 4 years | 7.75 | 100000 | 125098 | Oriental Bank of Commerce | 3 Years to less than 5 Years | 7.75 | 100000 | 125098 | Andhra Bank | 3 years to less than 5 years | 7.75 | 100000 | 125098 | State Bank of India | 3 year to less than 5 years | 7.75 | 100000 | 125098 | Union Bank of India | 3 yr less than 5 yr | 7.75 | 100000 | 125098 | HSBC Bank India | 36 months to less than 37 months | 7.65 | 100000 | 124750 | Bank of Maharashtra | 3 years (Mahalaxmi Term Deposit) | 7.50 | 100000 | 124229 | HDFC Bank | 2 years 17 days - 3 years | 7.50 | 100000 | 124229 | Allahabad Bank | 3 years to less than 5 years | 7.50 | 100000 | 124229 | Bank of Baroda | Above 750 days but less than 3 years | 7.50 | 100000 | 124229 | Bank of Baroda | 3 years and above but less than 5 years | 7.50 | 100000 | 124229 | Post Office | 3 year Account | 7.25 | 100000 | 123364 | State Bank of Indore | 2 years to less than 3 years | 7.00 | 100000 | 122504 | State Bank of Indore | 3 years to up to 5 years | 7.00 | 100000 | 122504 | Standard and Chartered Bank | 3 years less than 4 years | 6.50 | 100000 | 120794 | The Royal Bank of Scotland | 24 months 1 day upto 3 years | 6.25 | 100000 | 119946 |
As can be seen from the table above, you can potentially earn Rs. 8667 more (the difference in maturity value for bank offering highest vs lowest interest rate). This table shows the best fixed deposit (Best FD)at the top.
Predefined reports
To make it easy for the users we have predefined reports. Suppose you want to invest Rs.1 lakh for certain time horizon, all you have to do is select the time horizon below and you will know how much will be the maturity value. You can find examples of how you can take advantage of the information for your benefit for different time horizons if you are under age of 60 years (General Public)
Above age of 60 years (Senior Citizens). Most banks offer higher rate of interest for senior citizens. So the maturity values are higher for senior citizens.
note: Interest Rates are subject to change. Please check the latest interest rates with the bank before investing.
In this beta version we are covering over 50 banks ( public, private and foreign ). We have over 600 fixed deposit schemes covered. We have covered Post Office schemes also. We will be covering more products soon.
Way2Goals Software India Private Limited
A2 404, ShriRam WhiteHouse15th Cross, 6th Main, R.T.NagarBangalore, Karnataka
560032
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