Best Bank Fixed Deposit Interest Rates March 2016

In this post I will talk about Best Bank Fixed Deposit Interest Rates in India for March 2016.

Fixed deposits are a very popular investment option in India. They are among the safest investment option available. They are offered by national banks, private banks and companies. Fixed deposits of nationalized banks like SBI, PNB etc. are safer than private bank fixed deposits. Private bank fixed deposits are in turn safer than corporate fixed deposits.

A Fixed Deposit is also known as a Term Deposit. An FD is therefore a financial instrument through which a person (the investor):

  1. gives money to a bank for a certain period;
  2. receives interest;
  3. gets his money back at the end of the period.

To know more, read my previous article “Understand and learn about Fixed Deposit“.

Top 100 Best Bank Fixed Deposit Interest Rates India for March 2016

Below I present Top 100 Best Bank Fixed Deposit Interest Rates India for March 2016.

  • Bandhan Bank, IDFC Bank, IndusInd Bank, Standard Chartered and Yes Bank are offering highest Fixed Deposit Rates for March 2016 in Private Bank Category
  • Central Bank of India, State Bank of India and Punjab National Bank are offering highest Fixed Deposit Rates for Mar 2016 in Public and Nationalized Banks category
Sno Bank Period Interest Rate 
1 Bandhan Bank 1 year to less than 2 years 8.50%
2 Bandhan Bank 2 years to less than 3 years 8.50%
3 Bandhan Bank 181 days to 364 days 8.25%
4 Bandhan Bank 3 years to less than 5 years 8.25%
5 IDFC Bank 366 – 400 days 8.25%
6 IndusInd Bank 1 year to below 1 years 2 months 8.00%
7 Bandhan Bank 91 days to 180 days 8.00%
8 Bandhan Bank 5 to 10 years 8.00%
9 IDFC Bank 271 – 365 days 8.00%
10 IDFC Bank 401 – 540 days 8.00%
11 Yes Bank 2 4 Months 12 Days to24 Months 24 Days 7.95%
12 Standard Chartered Bank 376 -390 days 7.95%
13 Yes Bank 12 Months 10 Days to 12 Months 20 Days 7.90%
14 Yes Bank 18 Months 8 Days to 18 Months 18 Days 7.90%
15 IndusInd Bank 2 years 6 months to below 2 years 9 months 7.90%
16 Central Bank of India 777 days 7.80%
17 Yes Bank 1 Year to <= 10 years* 7.75%
18 IndusInd Bank 181 days to 210 days 7.75%
19 IndusInd Bank 211 days to 269 days 7.75%
20 IndusInd Bank 270 days or below 1 year 7.75%
21 IndusInd Bank 1 years 2 months to below 2 years 7.75%
22 IndusInd Bank 2 years to below 2 years 6 months 7.75%
23 IndusInd Bank 2 years 9 months to below 3 years 7.75%
24 IndusInd Bank 3 years to below 61 months 7.75%
25 Kotak Mahindra Bank 365 Days to 389 Days 7.75%
26 Kotak Mahindra Bank 390 Days (12 months 25 days) 7.75%
27 Central Bank of India 1 yr  to less than 2 yrs 7.75%
28 Central Bank of India 2 yr to less than 3 years 7.75%
29 Central Bank of India 555 days 7.75%
30 IDFC Bank 181 – 270 days 7.75%
31 IDFC Bank 541 – 731 days 7.75%
32 Standard Chartered Bank 1yr – 375days* 7.60%
33 Kotak Mahindra Bank 364 Days 7.60%
34 State Bank of India (SBI) 456 days to less than 2 years 7.50%
35 State Bank of India (SBI) 2 years to less than 3 years 7.50%
36 Punjab National Bank (PNB) 1 year & upto 2 years 7.50%
37 HDFC Bank 9 months 16 days 7.50%
38 HDFC Bank 9 months 17 days < 1 Year 7.50%
39 HDFC Bank 1 Year 7.50%
40 HDFC Bank 1 year 1 day – 1 year 3 days 7.50%
41 HDFC Bank 1 year 4 days 7.50%
42 HDFC Bank 1 year 5 days – 1 Year 15 Days 7.50%
43 HDFC Bank 1 Year 16 days 7.50%
44 HDFC Bank 1 year 17 days – 2 Years 7.50%
45 HDFC Bank 2 years 1day – 2 Years 15 days 7.50%
46 HDFC Bank 2 Years 16 days 7.50%
47 HDFC Bank 2 years 17 days – 3 Years 7.50%
48 HDFC Bank 3 years 1day – 5 years 7.50%
49 ICICI Bank 390 days to 5 years 7.50%
50 ICICI Bank 5 Years Tax saver FD(Max upto Rs. 1.50 lac) 7.50%
51 IndusInd Bank 121 days to 180 days 7.50%
52 IndusInd Bank 61 months and above 7.50%
53 Standard Chartered Bank 181-210 days 7.50%
54 Standard Chartered Bank 211-226 days 7.50%
55 Standard Chartered Bank 227 – 269 days 7.50%
56 Standard Chartered Bank 270 days-345 days 7.50%
57 Standard Chartered Bank 346 days-364 days 7.50%
58 Kotak Mahindra Bank 271 Days to 363 Days 7.50%
59 Kotak Mahindra Bank 391 Days – Less than 23 Months 7.50%
60 Kotak Mahindra Bank 23 Months 7.50%
61 Kotak Mahindra Bank 23 months 1 Day- less than 2 years 7.50%
62 Kotak Mahindra Bank 2 years- less than 3 years 7.50%
63 Kotak Mahindra Bank 3 years and above but less than 4 years 7.50%
64 Kotak Mahindra Bank 4 years and above but less than 5 years 7.50%
65 Central Bank of India 271 – 364 days 7.50%
66 Central Bank of India 3 yr to less than 5 years 7.50%
67 Central Bank of India 5 years & above upto 10 years 7.50%
68 Central Bank of India Cent Double 7.50%
69 IDFC Bank 732 – 1095 days 7.50%
70 IDFC Bank 3 years 1days – 5 years 7.50%
71 IDFC Bank 5 Year 1 Day – 8 Years 7.50%
72 IDFC Bank 8 Year 1 Day – 10 Years 7.50%
73 ICICI Bank 290 days to less than 1 year 7.40%
74 ICICI Bank 1 year to 389 days 7.40%
75 Central Bank of India 91 – 179 days 7.35%
76 Kotak Mahindra Bank 180 Days 7.30%
77 Kotak Mahindra Bank 181 Days to 269 Days 7.30%
78 Kotak Mahindra Bank 270 Days 7.30%
79 Bank of Baroda 181 days to 270 days 7.30%
80 Bank of Baroda 271 days & above and less than 1 year 7.30%
81 Bank of Baroda 1 year and above upto 2 Years 7.30%
82 Bank of Baroda Above 2 Years and upto 3 Years 7.30%
83 Bank of Baroda 1111 Days (Baroda Maha Utsav Deposit Scheme) 7.30%
84 Bank of Baroda Above 3 Years and upto 5 Years 7.30%
85 Bank of Baroda Above 5 Years and upto 8 Years 7.30%
86 Bank of Baroda Above 8 Years and upto 10 Years 7.30%
87 State Bank of India (SBI) 1 year to 455 days 7.25%
88 Punjab National Bank (PNB) above 2 year & upto 5 years 7.25%
89 Punjab National Bank (PNB) above 5 years & upto 10 years 7.25%
90 HDFC Bank 6 mnths 1 day- 6 mnths 3 days 7.25%
91 HDFC Bank 6 mnths 4 days 7.25%
92 HDFC Bank 6 mnths 5 days- 9 mnths 7.25%
93 HDFC Bank 9 mnths 1 day- 9 mnths 3 days 7.25%
94 HDFC Bank 9 mnths 4 days 7.25%
95 HDFC Bank 9 months 5 days – 9 months 15 days 7.25%
96 HDFC Bank 5 Years 1 Day – 8 Years 7.25%
97 HDFC Bank 8 Years 1 Day – 10 Years 7.25%
98 ICICI Bank 185 days to 289 days 7.25%
99 ICICI Bank 5 years 1 day upto 10 years 7.25%
100 Yes Bank 3 months to < 6 months 7.25%

Top bank fixed deposit interest rates India for March 2016 grouped by Banks

Next I am presenting best bank fixed deposit interest rates India for March 2016 grouped by Banks.

  • Bandhan Bank has the highest fixed deposit rates
  • HSBC Bank has lowest fixed deposit rates
  • HDFC Bank has highest number of Fixed Deposit proucts with the same interest rate
Bank and FD Tenor  Interest Rate – General
Bandhan Bank
1 year to less than 2 years 8.50%
2 years to less than 3 years 8.50%
181 days to 364 days 8.25%
3 years to less than 5 years 8.25%
Bank of Baroda
Above 8 Years and upto 10 Years 7.30%
Above 3 Years and upto 5 Years 7.30%
1111 Days (Baroda Maha Utsav Deposit Scheme) 7.30%
271 days & above and less than 1 year 7.30%
Above 5 Years and upto 8 Years 7.30%
1 year and above upto 2 Years 7.30%
181 days to 270 days 7.30%
Above 2 Years and upto 3 Years 7.30%
Central Bank of India
777 days 7.80%
555 days 7.75%
1 yr  to less than 2 yrs 7.75%
2 yr to less than 3 years 7.75%
HDFC Bank
2 Years 16 days 7.50%
9 months 17 days < 1 Year 7.50%
3 years 1day – 5 years 7.50%
1 year 1 day – 1 year 3 days 7.50%
2 years 1day – 2 Years 15 days 7.50%
1 Year 16 days 7.50%
2 years 17 days – 3 Years 7.50%
1 year 17 days – 2 Years 7.50%
9 months 16 days 7.50%
1 year 4 days 7.50%
1 Year 7.50%
1 year 5 days – 1 Year 15 Days 7.50%
HSBC Bank
731 Days 7.25%
90 to 93 Days 7.00%
36 months to less than 37 months 6.00%
365 Days 6.00%
37 months to less than 48 months 6.00%
ICICI Bank
5 Years Tax saver FD(Max upto Rs. 1.50 lac) 7.50%
390 days to 5 years 7.50%
1 year to 389 days 7.40%
290 days to less than 1 year 7.40%
IDFC Bank
366 – 400 days 8.25%
401 – 540 days 8.00%
271 – 365 days 8.00%
IndusInd Bank
1 year to below 1 years 2 months 8.00%
2 years 6 months to below 2 years 9 months 7.90%
2 years to below 2 years 6 months 7.75%
270 days or below 1 year 7.75%
211 days to 269 days 7.75%
3 years to below 61 months 7.75%
181 days to 210 days 7.75%
1 years 2 months to below 2 years 7.75%
2 years 9 months to below 3 years 7.75%
Kotak Mahindra Bank
390 Days (12 months 25 days) 7.75%
365 Days to 389 Days 7.75%
364 Days 7.60%
Punjab National Bank (PNB)
1 year & upto 2 years 7.50%
above 5 years & upto 10 years 7.25%
above 2 year & upto 5 years 7.25%
Standard Chartered Bank
376 -390 days* 7.95%
1yr – 375days* 7.60%
181-210 days 7.50%
270 days-345 days 7.50%
346 days-364 days 7.50%
211-226 days 7.50%
227 – 269 days 7.50%
State Bank of India (SBI)
456 days to less than 2 years 7.50%
2 years to less than 3 years 7.50%
1 year to 455 days 7.25%
Yes Bank
2 4 Months 12 Days to24 Months 24 Days 7.95%
12 Months 10 Days to 12 Months 20 Days 7.90%
18 Months 8 Days to 18 Months 18 Days 7.90%

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Reference

A Few Last Words

Before making any investment decision, please contact your financial adviser. I have provided this article for educational purpose only.

I hope you found this article on Best Bank Fixed Deposit Interest Rates in India for March 2016 useful. If you have something to add please leave a comment in the post. Please feel free to contact me.

Subhodeep Mukhopadhyay

I am a Management Consultant in the Education Sector. In my previous corporate career, I have worked in Banking, Private Equity and Software industry. I am an MBA in Finance/ Computer Engineer and enjoy doing equity research and financial analysis in my free time.

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