Financial planning for everyone
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Data Updated on September 7th, 2010
Assumptions: Rs. 100000 invested for 8 years (interest compounded quarterly for General) .
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 | 8.50 | 100000 | 192060 | DBS India | 5 years and above | 8.50 | 100000 | 192060 | The Catholic Syrian Bank | 90 months to and including 120 months | 8.25 | 100000 | 188548 | City Union Bank | 778 days and above | 8.00 | 100000 | 185093 | ING Vysya Bank | 5 years to 10 years | 8.00 | 100000 | 185093 | Karnataka Bank | 3 years and above | 8.00 | 100000 | 185093 | South Indian Bank Limited | Above 5 years | 8.00 | 100000 | 185093 | IDBI Bank | greater than 7 years less than 10 years | 7.75 | 100000 | 181693 | The Karur Vysya Bank Limited | Above 5 years | 7.75 | 100000 | 181693 | State Bank of Travancore | 8 years and up to 10 years | 7.75 | 100000 | 181693 | Indian Bank | 2years and above | 7.75 | 100000 | 181693 | ICICI Bank | 5 years upto 10 years | 7.75 | 100000 | 181693 | State Bank of Bikaner and Jaipur | 5 years and above upto 10 years | 7.75 | 100000 | 181693 | The bank of Rajasthan | Above 66 Months | 7.75 | 100000 | 181693 | Yes Bank | Greater than 5 Years | 7.75 | 100000 | 181693 | State Bank of Hyderabad | 8 years and upto 10 years | 7.75 | 100000 | 181693 | State Bank of India | 8 years and up to 10 years | 7.75 | 100000 | 181693 | IndusInd Bank | 61 months and above | 7.75 | 100000 | 181693 | Canara Bank | 8 years and above to 10 years | 7.65 | 100000 | 180348 | HDFC Bank | 5 years 1 day - 8 years | 7.50 | 100000 | 178347 | Andhra Bank | 5 years to 10 years | 7.50 | 100000 | 178347 | Oriental Bank of Commerce | 5 Years to 10 years | 7.50 | 100000 | 178347 | Central Bank of India | 5 years and above | 7.50 | 100000 | 178347 | Indian Overseas Bank | 5 Yrs and above | 7.50 | 100000 | 178347 | United Bank of India | 5 years and above | 7.50 | 100000 | 178347 | Punjab and Sind Bank | 5 years to 10 years | 7.50 | 100000 | 178347 | Punjab National Bank | 5 years to less than 9 years | 7.50 | 100000 | 178347 | State Bank of Hyderabad | 8 years and upto 10 years | 7.50 | 100000 | 178347 | State Bank of Indore | 8 years to up to 10 years | 7.50 | 100000 | 178347 | Corporation Bank | 5 Years and above | 7.50 | 100000 | 178347 | Union Bank of India | 5 yrs less than 10 yrs. | 7.50 | 100000 | 178347 | Kotak Mahindra Bank | 5 years and above upto and inclusive of 10 years | 7.50 | 100000 | 178347 | TNSC Bank | 36 months over and above | 7.50 | 100000 | 178347 | Vijaya Bank | Above 3 Years | 7.50 | 100000 | 178347 | Development Credit Bank Ltd. | More than 5 Years to 10 Years | 7.50 | 100000 | 178347 | Citi Bank | greater than = 1096 | 7.25 | 100000 | 175056 | Allahabad Bank | 5 years and upto 10 years | 7.25 | 100000 | 175056 | State Bank of Hyderabad | 5 years to less than 8 years | 7.25 | 100000 | 175056 | Dena Bank | 5 YEARS and UP TO 8 YEARS | 7.25 | 100000 | 175056 | State Bank of Indore | 5 years to up to 8 years | 7.25 | 100000 | 175056 | State Bank of Mysore | 5 Years and above | 7.25 | 100000 | 175056 | The Jammu and Kashmir Bank Limited | 5 years and above | 7.25 | 100000 | 175056 | Bank of Baroda | 8 years and above up to 10 years | 7.00 | 100000 | 171818 | Axis Bank | 5 years upto 10 years | 7.00 | 100000 | 171818 | Bank of Maharashtra | Over 5 years | 7.00 | 100000 | 171818 | Bank of India | Above 8 years to below 10 years | 7.00 | 100000 | 171818 | The Lakshmi Vilas Bank | 5 years and above | 7.00 | 100000 | 171818 |
As can be seen from the table above, you can potentially earn Rs. 20241 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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