One of the best ways to invest your hard-earned capital is fixed deposits, as they provide guaranteed returns along with capital stability. In contrast with larger banks, small finance banks pay higher interest rates on deposits. Taking a brief peek at interest rates on several well-known governments and private banks’ identified tenures. Below are the details of the interest rates for deposits of below Rs. 1 crore. The rates are active from 24 December 2020 and are collected from the respective websites of banks.
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| Bank | ROI in % for <1 year |
ROI in % for 1 to 2 years |
ROI in % for 2 to 3 years |
ROI in % for 3 to 5 years |
| Public Sector Banks | ||||
| Bank of Maharashtra | 4.25 | 4.9 | 4.9 | 4.9 |
| Bank of Baroda | 4.4 | 5 | 5.1 | 5.25 |
| Bank of India | 4.75 | 5.3 | 5.3 | 5.3 |
| Canara Bank | 4.45 | 5.25 | 5.5 | 5.5 |
| Central Bank of India | 4.25 | 4.9 | 5 | 5 |
| IDBI Bank | 4.4 | 5.1 | 5.1 | 5.1 |
| Indian Bank | 4.4 | 5.1 | 5.15 | 5.15 |
| Indian Overseas Bank | 4.9 | 5.2 | 5.2 | 5.2 |
| Punjab National Bank | 4.5 | 5.2 | 5.2 | 5.25 |
| Punjab & Sind Bank | 4.55 | 5.25 | 5.25 | 5.25 |
| State Bank of India | 4.4 | 5.1 | 5.3 | 5.4 |
| UCO Bank | 4.7 | 5 | 5 | 5 |
| Union Bank | 4.5 | 5.3 | 5.5 | 5.55 |
| Private Banks | ||||
| Axis Bank | 5.15 | 5.25 | 5.4 | 5.5 |
| Bandhan Bank | 5.75 | 6 | 6 | 5.75 |
| Catholic Syrian | 4.25 | 5 | 5.25 | 5.25 |
| City Union Bank | 5 | 5.75 | 5.75 | 5.5 |
| DCB Bank | 6.35 | 6.9 | 6.95 | 6.95 |
| Dhanlaxmi Bank | 4.5 | 5.3 | 5.4 | 5.5 |
| Federal Bank | 4.4 | 5.35 | 5.35 | 5.5 |
| HDFC Bank | 4.4 | 4.9 | 5.15 | 5.3 |
| ICICI Bank | 4.4 | 5 | 5.15 | 5.35 |
| IDFC First Bank | 5.25 | 6 | 5.75 | 5.75 |
| IndusInd Bank | 6.15 | 7 | 7 | 6.75 |
| J & K Bank | 4.5 | 5.1 | 5.2 | 5.3 |
| Karnataka Bank | 5.2 | 5.3 | 5.55 | 5.55 |
| Kotak Bank | 4.4 | 4.75 | 4.75 | 4.75 |
| Karur Vysya Bank | 5 | 5.5 | 5.65 | 6 |
| RBL Bank | 6.1 | 6.75 | 6.95 | 6.5 |
| South Indian Bank | 5 | 5.4 | 5.4 | 5.5 |
| Tamilnad Mercantile Bank | 5.25 | 5.75 | 5.65 | 5.5 |
| The Tamil Nadu State Apex Co-operative Bank | 5.75 | 6 | 5.85 | 6 |
| Yes Bank | 5.75 | 6.5 | 6.75 | 6.75 |
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