Financial Planning for Everyone Financial planning for everyone   

Way2Goals
A2-404 Shriram White House
6th main, 15th cross, R.T.Nagar
Bangalore, Karnataka 560032

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.

BankDurationRate(%)Investment(Rs.)Maturity(Rs.)
Tamilnad Mercantile Bank Ltd 1 year - less than 2 years8.25100000108250
The Lakshmi Vilas Bank 1year to less than 2 years8.25100000108250
Development Credit Bank Ltd. 1 year to less than 15 months8.25100000108250
Yes Bank 1 Year to 13 Months 8.10100000108100
The Karur Vysya Bank Limited 1 year and above but less than 2 years8.00100000108000
City Union Bank 1 year and above but up to 776 days8.00100000108000
Karnataka Bank 1 year and above, but less than 2 years8.00100000108000
South Indian Bank Limited 1 year to 3 years8.00100000108000
Axis Bank 1 year to less than 14 months7.85100000107850
State Bank of Bikaner and Jaipur 1 year and upto 2 years7.75100000107749
Syndicate Bank 1 year to less than 2 years7.75100000107749
ING Vysya Bank 365 days 7.75100000107749
Indian Overseas Bank 1 Yr - less than 2 Yrs7.75100000107749
TNSC Bank 12 months to less than 24 months7.75100000107749
Vijaya Bank 1 year to 2 years7.75100000107749
Syndicate Bank 1 year to less than 2 years7.75100000107749
Central Bank of India 1 year to less than 2 years7.65100000107650
Punjab and Sind Bank 1 Year to 2 years 7.60100000107600
Canara Bank 1 year and above to less than 2 years7.50100000107500
State Bank of Mysore 1 Year and less than 2 Years7.50100000107500
Indian Bank 1year to less than 2 years7.50100000107500
State Bank of Hyderabad 1 year to less than 2 years7.50100000107500
The bank of Rajasthan 1 Year to less than 2 YEARS 7.50100000107500
Punjab National Bank 1 year to less than 2 years7.50100000107500
Corporation Bank 12 months to Less than 2 Years 7.50100000107500
Andhra Bank 1 year to less than 2 years7.50100000107500
United Bank of India 1 year to less than 2 years7.50100000107500
Bank of Maharashtra One Year or 365 days 7.50100000107500
Oriental Bank of Commerce 1 Year to less than 2 Years 7.50100000107500
Bank of India 1 Year to less than 2 Yrs except for 555 days7.50100000107500
Union Bank of India 1 Yr less than 2 Yrs7.50100000107500
Kotak Mahindra Bank 1 Year and above upto and inclusive of 389 Days7.50100000107500
The Catholic Syrian Bank 12 months to 374 days 7.50100000107500
The Jammu and Kashmir Bank Limited 1 year to less than 2 years7.50100000107500
Allahabad Bank 1 year to less than 2 years7.25100000107250
State Bank of India 1 year to 554 days7.25100000107250
Citi Bank 365 to 4007.25100000107250
Bank of Baroda 1 year and above but less than 2 years7.00100000107000
IDBI Bank greater than 6 months to less than 1 year7.00100000107000
Development Credit Bank Ltd. 6 months to less than 1 year7.00100000107000
ICICI Bank 1 year to 389 days 7.00100000107000
IndusInd Bank 270 days to 1 year7.00100000107000
HSBC Bank India 270 Days to 12 months6.95100000106950
State Bank of Indore 1 year to less than 2 years6.75100000106749
Andhra Bank 6 to less than 12 months6.75100000106749
Indian Overseas Bank 270 days - less than 1 Yr6.75100000106749
Barclays Bank 271 days to 365 days6.50100000106500
Post Office 1 year Account6.25100000106250
DBS India 1 year and up to 2 years6.00100000106000
Standard and Chartered Bank 1 year less than = 398 days 5.70100000105700
Standard and Chartered Bank 212 less than 1 year5.60100000105600
DBS India 271 days and up to 1 years5.50100000105500
The Royal Bank of Scotland 188 days upto 1 Year4.25100000104250

As can be seen from the table above, you can potentially earn Rs. 4000 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.

Linked to other predefined Reports

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)

  • (Investment of Rs 1 Lac for 6 months General public).
  • (Investment of Rs 1 Lac for 1 year General Public).
  • (Investment of Rs 1 Lac for 2 years General Public).
  • (Investment of Rs 1 Lac for 3 years General Public).
  • (Investment of Rs 1 Lac for 4 years General Public).
  • (Investment of Rs 1 Lac for 5 years General Public).
  • (Investment of Rs 1 Lac for 8 years General Public).
  • (Investment of Rs 1 Lac for 10 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.

  • (Investment of Rs 1 Lac for 6 months Senior Citizens).,
  • (Investment of Rs 1 Lac for 1 year Senior Citizens).
  • (Investment of Rs 1 Lac for 2 years Senior Citizens).
  • (Investment of Rs 1 Lac for 3 years Senior Citizens).
  • (Investment of Rs 1 Lac for 4 years Senior Citizens).
  • (Investment of Rs 1 Lac for 5 years Senior Citizens).
  • (Investment of Rs 1 Lac for 8 years Senior Citizens).
  • (Investment of Rs 1 Lac for 10 years 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 WhiteHouse

    15th Cross, 6th Main, R.T.Nagar

    Bangalore, Karnataka

    560032

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