Financial planning for everyone
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Data Updated on September 7th, 2010
Assumptions: Rs. 100000 invested for 183 days
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.) | The Catholic Syrian Bank | 12 months to 374 days | 7.50 | 100000 | 103692 | ING Vysya Bank | 183 days to 364 days | 7.00 | 100000 | 103450 | The Catholic Syrian Bank | 180 days to less than 9 months | 6.75 | 100000 | 103329 | HSBC Bank India | 180 to 269 Days | 6.70 | 100000 | 103304 | Karnataka Bank | 181 days to 364 days | 6.50 | 100000 | 103207 | Tamilnad Mercantile Bank Ltd | 181 day - less than 12 month | 6.50 | 100000 | 103207 | City Union Bank | 181 days to 364 Days | 6.50 | 100000 | 103207 | Syndicate Bank | 181 days to 269 days | 6.50 | 100000 | 103207 | IDBI Bank | greater than 6 months to less than 1 year | 6.50 | 100000 | 103207 | Development Credit Bank Ltd. | 6 months to less than 1 year | 6.50 | 100000 | 103207 | TNSC Bank | 181 days to less than 12 months | 6.50 | 100000 | 103207 | Syndicate Bank | 181 days to 269 days | 6.50 | 100000 | 103207 | South Indian Bank Limited | 180 days to less than 1 year | 6.50 | 100000 | 103207 | Barclays Bank | 182 days to 270 days | 6.35 | 100000 | 103134 | State Bank of Bikaner and Jaipur | 180 days and upto less than 1 year | 6.25 | 100000 | 103086 | Citi Bank | 181 to 270 | 6.25 | 100000 | 103086 | State Bank of Hyderabad | 180 days to less than 1 year | 6.25 | 100000 | 103086 | The bank of Rajasthan | 180 days to less than 1 Year | 6.25 | 100000 | 103086 | The Lakshmi Vilas Bank | 181 to 270 days | 6.25 | 100000 | 103086 | Yes Bank | 182 Days to 270 Days | 6.25 | 100000 | 103086 | Andhra Bank | 6 to less than 12 months | 6.25 | 100000 | 103086 | State Bank of Travancore | 180 days to less than 1 year | 6.25 | 100000 | 103086 | Axis Bank | 6 months to less than 9 months | 6.25 | 100000 | 103086 | Vijaya Bank | 180 days to 269 days | 6.25 | 100000 | 103086 | IndusInd Bank | 181 days to 269 days | 6.25 | 100000 | 103086 | United Bank of India | 181 days to 269 days | 6.00 | 100000 | 102964 | The Karur Vysya Bank Limited | 6 months and above but less than 9 months | 6.00 | 100000 | 102964 | Bank of Maharashtra | 181 days to 270 days | 6.00 | 100000 | 102964 | State Bank of Mysore | 180 Days to 299 Days | 6.00 | 100000 | 102964 | Corporation Bank | 6 months to less than 9 months | 6.00 | 100000 | 102964 | Bank of India | 180 days to 269 days | 6.00 | 100000 | 102964 | State Bank of India | 181 days to less than 1 year | 6.00 | 100000 | 102964 | Oriental Bank of Commerce | 180 days to 269 days | 6.00 | 100000 | 102964 | Punjab National Bank | 180 days to 270 Days | 6.00 | 100000 | 102964 | Kotak Mahindra Bank | 181 Days to 270 Days | 6.00 | 100000 | 102964 | The Jammu and Kashmir Bank Limited | 181 days to less than 1 years | 6.00 | 100000 | 102964 | Canara Bank | 180 days to 269 days | 5.75 | 100000 | 102842 | HDFC Bank | 6 months 1 day - 6 months 15 days | 5.75 | 100000 | 102842 | Punjab and Sind Bank | 180 to 269 Days | 5.75 | 100000 | 102842 | Central Bank of India | 180 days to 269 days | 5.75 | 100000 | 102842 | Dena Bank | 180 DAYS TO 270 DAYS | 5.75 | 100000 | 102842 | Union Bank of India | 6 Months less than 9 Months | 5.75 | 100000 | 102842 | Standard and Chartered Bank | 180 days less than = 210 days | 5.60 | 100000 | 102769 | Bank of Baroda | 181 days and above but less than 1 year | 5.50 | 100000 | 102720 | Indian Bank | 181 days to less than 9 months | 5.50 | 100000 | 102720 | State Bank of Indore | 181 days to 364 days | 5.50 | 100000 | 102720 | Allahabad Bank | 180 days to 269 days | 5.50 | 100000 | 102720 | Indian Overseas Bank | 180 days - 269 days | 5.50 | 100000 | 102720 | DBS India | 181 days and up to 270 days | 5.00 | 100000 | 102476 | The Royal Bank of Scotland | 121 days upto 187 days | 3.75 | 100000 | 101862 |
As can be seen from the table above, you can potentially earn Rs. 1829 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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