Financial planning for everyone
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Services
Data Updated on September 7th, 2010
Assumptions: Rs. 100000 invested for 365 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.) | Tamilnad Mercantile Bank Ltd | 1 year - less than 2 years | 7.75 | 100000 | 107749 | Development Credit Bank Ltd. | 1 year to less than 15 months | 7.75 | 100000 | 107749 | City Union Bank | 1 year and above but up to 776 days | 7.50 | 100000 | 107500 | The Lakshmi Vilas Bank | 1year to less than 2 years | 7.50 | 100000 | 107500 | ING Vysya Bank | 365 days | 7.50 | 100000 | 107500 | Karnataka Bank | 1 year and above, but less than 2 years | 7.50 | 100000 | 107500 | The Catholic Syrian Bank | 12 months to 374 days | 7.50 | 100000 | 107500 | South Indian Bank Limited | 1 year to 3 years | 7.50 | 100000 | 107500 | State Bank of Bikaner and Jaipur | 1 year and upto 2 years | 7.25 | 100000 | 107250 | The Karur Vysya Bank Limited | 1 year and above but less than 2 years | 7.25 | 100000 | 107250 | Syndicate Bank | 1 year to less than 2 years | 7.25 | 100000 | 107250 | TNSC Bank | 12 months to less than 24 months | 7.25 | 100000 | 107250 | Vijaya Bank | 1 year to 2 years | 7.25 | 100000 | 107250 | Syndicate Bank | 1 year to less than 2 years | 7.25 | 100000 | 107250 | Central Bank of India | 1 year to less than 2 years | 7.15 | 100000 | 107149 | Axis Bank | 1 year to less than 14 months | 7.10 | 100000 | 107100 | Punjab and Sind Bank | 1 Year to 2 years | 7.10 | 100000 | 107100 | Yes Bank | 1 Year to 13 Months | 7.10 | 100000 | 107100 | Canara Bank | 1 year and above to less than 2 years | 7.00 | 100000 | 107000 | State Bank of Mysore | 1 Year and less than 2 Years | 7.00 | 100000 | 107000 | Indian Bank | 1year to less than 2 years | 7.00 | 100000 | 107000 | State Bank of Hyderabad | 1 year to less than 2 years | 7.00 | 100000 | 107000 | The bank of Rajasthan | 1 Year to less than 2 YEARS | 7.00 | 100000 | 107000 | Punjab National Bank | 1 year to less than 2 years | 7.00 | 100000 | 107000 | Corporation Bank | 12 months to Less than 2 Years | 7.00 | 100000 | 107000 | Andhra Bank | 1 year to less than 2 years | 7.00 | 100000 | 107000 | United Bank of India | 1 year to less than 2 years | 7.00 | 100000 | 107000 | Bank of Maharashtra | One Year or 365 days | 7.00 | 100000 | 107000 | Oriental Bank of Commerce | 1 Year to less than 2 Years | 7.00 | 100000 | 107000 | Indian Overseas Bank | 1 Yr - less than 2 Yrs | 7.00 | 100000 | 107000 | Bank of India | 1 Year to less than 2 Yrs except for 555 days | 7.00 | 100000 | 107000 | Union Bank of India | 1 Yr less than 2 Yrs | 7.00 | 100000 | 107000 | Kotak Mahindra Bank | 1 Year and above upto and inclusive of 389 Days | 7.00 | 100000 | 107000 | The Jammu and Kashmir Bank Limited | 1 year to less than 2 years | 7.00 | 100000 | 107000 | Allahabad Bank | 1 year to less than 2 years | 6.75 | 100000 | 106749 | State Bank of India | 1 year to 554 days | 6.75 | 100000 | 106749 | Citi Bank | 365 to 400 | 6.75 | 100000 | 106749 | HSBC Bank India | 270 Days to 12 months | 6.70 | 100000 | 106700 | Bank of Baroda | 1 year and above but less than 2 years | 6.50 | 100000 | 106500 | Barclays Bank | 271 days to 365 days | 6.50 | 100000 | 106500 | IDBI Bank | greater than 6 months to less than 1 year | 6.50 | 100000 | 106500 | Development Credit Bank Ltd. | 6 months to less than 1 year | 6.50 | 100000 | 106500 | ICICI Bank | 1 year to 389 days | 6.50 | 100000 | 106500 | IndusInd Bank | 270 days to 1 year | 6.50 | 100000 | 106500 | Post Office | 1 year Account | 6.25 | 100000 | 106250 | State Bank of Indore | 1 year to less than 2 years | 6.25 | 100000 | 106250 | Andhra Bank | 6 to less than 12 months | 6.25 | 100000 | 106250 | DBS India | 1 year and up to 2 years | 6.00 | 100000 | 106000 | Indian Overseas Bank | 270 days - less than 1 Yr | 6.00 | 100000 | 106000 | Standard and Chartered Bank | 1 year less than = 398 days | 5.70 | 100000 | 105700 | Standard and Chartered Bank | 212 less than 1 year | 5.60 | 100000 | 105600 | DBS India | 271 days and up to 1 years | 5.50 | 100000 | 105500 | The Royal Bank of Scotland | 188 days upto 1 Year | 4.00 | 100000 | 104000 |
As can be seen from the table above, you can potentially earn Rs. 3749 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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