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Data Updated on September 7th, 2010
Assumptions: Rs. 100000 invested for 5 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 | Above 5 years - less than 10 years | 9.00 | 100000 | 153862 | Tamilnad Mercantile Bank Ltd | 3 year - 5 years | 8.75 | 100000 | 152105 | Yes Bank | 3 Years 1 Day to 5 Years | 8.75 | 100000 | 152105 | The Karur Vysya Bank Limited | Above 5 years | 8.50 | 100000 | 150365 | The Karur Vysya Bank Limited | Above 3 years and inclusive of 5 years | 8.50 | 100000 | 150365 | DBS India | 5 years and above | 8.50 | 100000 | 150365 | Karnataka Bank | 3 years and above | 8.50 | 100000 | 150365 | The Catholic Syrian Bank | 24 months to less than 90 months | 8.50 | 100000 | 150365 | South Indian Bank Limited | Above 5 years | 8.50 | 100000 | 150365 | City Union Bank | 778 days and above | 8.25 | 100000 | 148641 | Indian Bank | 2years and above | 8.25 | 100000 | 148641 | ING Vysya Bank | 5 years to 10 years | 8.25 | 100000 | 148641 | ICICI Bank | 5 years upto 10 years | 8.25 | 100000 | 148641 | State Bank of Bikaner and Jaipur | 5 years and above upto 10 years | 8.25 | 100000 | 148641 | The bank of Rajasthan | 5 YEARS to less than 66 Months | 8.25 | 100000 | 148641 | Indian Overseas Bank | 5 Yrs and above | 8.25 | 100000 | 148641 | IDBI Bank | greater than 5 years less than 7 years | 8.25 | 100000 | 148641 | Development Credit Bank Ltd. | More than 3 Years to 5 Years | 8.25 | 100000 | 148641 | IndusInd Bank | 3 years to below 61 month | 8.25 | 100000 | 148641 | South Indian Bank Limited | Above 3 years to 5 years | 8.25 | 100000 | 148641 | State Bank of Travancore | 5 years to less than 8 years | 8.00 | 100000 | 146932 | HDFC Bank | 3 years 1 day - 5 years | 8.00 | 100000 | 146932 | Andhra Bank | 5 years to 10 years | 8.00 | 100000 | 146932 | State Bank of Hyderabad | 5 years to less than 8 years | 8.00 | 100000 | 146932 | Oriental Bank of Commerce | 5 Years to 10 years | 8.00 | 100000 | 146932 | Central Bank of India | 5 years and above | 8.00 | 100000 | 146932 | United Bank of India | 5 years and above | 8.00 | 100000 | 146932 | Canara Bank | 5 years and above to less than 8 years | 8.00 | 100000 | 146932 | Punjab and Sind Bank | 5 years to 10 years | 8.00 | 100000 | 146932 | Punjab National Bank | 5 years to less than 9 years | 8.00 | 100000 | 146932 | Corporation Bank | 5 Years and above | 8.00 | 100000 | 146932 | Barclays Bank | 4 years 1 day to 5 years | 8.00 | 100000 | 146932 | State Bank of India | 5 years to less than 8 years | 8.00 | 100000 | 146932 | Union Bank of India | 5 yrs less than 10 yrs. | 8.00 | 100000 | 146932 | Kotak Mahindra Bank | 3 Years and above but less than 5 years | 8.00 | 100000 | 146932 | Kotak Mahindra Bank | 5 years and above upto and inclusive of 10 years | 8.00 | 100000 | 146932 | TNSC Bank | 36 months over and above | 8.00 | 100000 | 146932 | Vijaya Bank | Above 3 Years | 8.00 | 100000 | 146932 | Citi Bank | greater than = 1096 | 7.75 | 100000 | 145240 | Axis Bank | 5 years upto 10 years | 7.75 | 100000 | 145240 | Allahabad Bank | 5 years and upto 10 years | 7.75 | 100000 | 145240 | State Bank of Hyderabad | 5 years to less than 8 years | 7.75 | 100000 | 145240 | Dena Bank | 5 YEARS and UP TO 8 YEARS | 7.75 | 100000 | 145240 | Bank of India | 3 Yrs to less than 5 Yrs except for 1111 days | 7.75 | 100000 | 145240 | State Bank of Indore | 5 years to up to 8 years | 7.75 | 100000 | 145240 | State Bank of Mysore | 5 Years and above | 7.75 | 100000 | 145240 | The Lakshmi Vilas Bank | 5 years and above | 7.75 | 100000 | 145240 | HSBC Bank India | 48 months to 60 months | 7.75 | 100000 | 145240 | The Jammu and Kashmir Bank Limited | 5 years and above | 7.75 | 100000 | 145240 | Post Office | 5 year Account | 7.50 | 100000 | 143562 | Bank of Maharashtra | Over 3 years to 5 years | 7.50 | 100000 | 143562 | Bank of Baroda | 5 years and above but less than 8 years | 7.50 | 100000 | 143562 | Bank of India | Above 5 years to below 8 years | 7.50 | 100000 | 143562 | The Royal Bank of Scotland | 4 years 1 day upto 5 years | 7.00 | 100000 | 140255 | State Bank of Indore | 3 years to up to 5 years | 7.00 | 100000 | 140255 | Standard and Chartered Bank | 4 years less than =5 years | 7.00 | 100000 | 140255 |
As can be seen from the table above, you can potentially earn Rs. 13607 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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