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Data Updated on September 7th, 2010
Assumptions: Rs. 100000 invested for 2 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 | 2 year - less than 3 years | 8.00 | 100000 | 116640 | The Catholic Syrian Bank | 24 months to less than 90 months | 8.00 | 100000 | 116640 | Development Credit Bank Ltd. | More than 19 months to 2 years | 7.90 | 100000 | 116424 | Indian Bank | 2years and above | 7.75 | 100000 | 116100 | ING Vysya Bank | 730 days to less than 5 years | 7.75 | 100000 | 116100 | Karnataka Bank | 2 year and above, but less than 3 years | 7.75 | 100000 | 116100 | Bank of India | 999 days | 7.60 | 100000 | 115777 | The Karur Vysya Bank Limited | 2 years and above and inclusive of 3 years | 7.50 | 100000 | 115562 | City Union Bank | 1 year and above but up to 776 days | 7.50 | 100000 | 115562 | IDBI Bank | 2 years less than less than 1100 days ( less than 3 years 5 days) | 7.50 | 100000 | 115562 | The Lakshmi Vilas Bank | 2years to less than 3 years | 7.50 | 100000 | 115562 | Kotak Mahindra Bank | 2 Years and above but less than 3 Years | 7.50 | 100000 | 115562 | TNSC Bank | 24 months to less than 36 months | 7.50 | 100000 | 115562 | Syndicate Bank | 2 years to less than 3years | 7.50 | 100000 | 115562 | Syndicate Bank | 2 years to less than 3years | 7.50 | 100000 | 115562 | IndusInd Bank | 2 years to below 3 years | 7.50 | 100000 | 115562 | South Indian Bank Limited | 1 year to 3 years | 7.50 | 100000 | 115562 | Axis Bank | 2 years to less than 30months | 7.35 | 100000 | 115240 | Barclays Bank | 2 years | 7.30 | 100000 | 115132 | State Bank of Bikaner and Jaipur | 1 year and upto 2 years | 7.25 | 100000 | 115025 | State Bank of Travancore | 2 years to less than 3 years | 7.25 | 100000 | 115025 | Central Bank of India | 2 years to less than 3 years | 7.25 | 100000 | 115025 | Andhra Bank | 2 years to less than 3 years | 7.25 | 100000 | 115025 | State Bank of Hyderabad | 2 years to less than 3 years | 7.25 | 100000 | 115025 | ICICI Bank | 2 years to 789 days | 7.25 | 100000 | 115025 | The bank of Rajasthan | 2 YEARS to less than 3 YEARS | 7.25 | 100000 | 115025 | Yes Bank | 18 Months 1 Day to 2 Years | 7.25 | 100000 | 115025 | Corporation Bank | 2 Years to less than 33 months | 7.25 | 100000 | 115025 | United Bank of India | 2 years and less than 3 years | 7.25 | 100000 | 115025 | IDBI Bank | greater than 500 days to less than 2years | 7.25 | 100000 | 115025 | Bank of India | 2 Yrs to less than 3 Yrs except for 777 days and for 999 days | 7.25 | 100000 | 115025 | Vijaya Bank | 1 year to 2 years | 7.25 | 100000 | 115025 | The Jammu and Kashmir Bank Limited | 2 years to less than 3 years | 7.25 | 100000 | 115025 | Punjab and Sind Bank | 1 Year to 2 years | 7.10 | 100000 | 114704 | Bank of Maharashtra | Over 1 year to less than 3 years | 7.00 | 100000 | 114490 | HSBC Bank India | 18 months to 730 days | 7.00 | 100000 | 114490 | Bank of Baroda | 2 years and above upto 749 days | 7.00 | 100000 | 114490 | Punjab National Bank | 2 years to less than 3 years | 7.00 | 100000 | 114490 | State Bank of Mysore | 2 Years and less than 909 Days | 7.00 | 100000 | 114490 | Canara Bank | 2 years and above to less than 3 years | 7.00 | 100000 | 114490 | State Bank of India | 2 year to 999 days | 7.00 | 100000 | 114490 | Dena Bank | 2 YEARS TO LESS THAN 3 YEARS | 7.00 | 100000 | 114490 | Citi Bank | 541 to 731 | 7.00 | 100000 | 114490 | Oriental Bank of Commerce | 2 Years to 999 Days | 7.00 | 100000 | 114490 | Union Bank of India | 2yr less than 3 yr | 7.00 | 100000 | 114490 | Allahabad Bank | 2 years to less than 3 years | 6.75 | 100000 | 113955 | DBS India | 2 year and less than 3 years | 6.75 | 100000 | 113955 | Post Office | 2 year Account | 6.50 | 100000 | 113422 | HDFC Bank | 1 year 17 days - 2 years | 6.50 | 100000 | 113422 | State Bank of Indore | 2 years to less than 3 years | 6.50 | 100000 | 113422 | Standard and Chartered Bank | 2 years less than 3 years | 6.25 | 100000 | 112890 | Standard and Chartered Bank | greater than =18 Months less than 2 years | 6.10 | 100000 | 112572 | DBS India | 1 year and up to 2 years | 6.00 | 100000 | 112360 | The Royal Bank of Scotland | 18 months 1 day upto 24 months | 5.25 | 100000 | 110775 |
As can be seen from the table above, you can potentially earn Rs. 5864 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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