Nationalised Banks FD Interest Rates 2016

India has 28 public sector banks out of which 19 are nationalised banks and 6 are SBI and its associate banks, and rest two are classified as other public sector banks (IDBI Bank and Bharatiya Mahila Bank). In this article, I will share latest Nationalised Banks FD Interest Rates 2016 for your benefit.

Nationalised Banks are as below:

  1. Allahabad Bank
  2. Andhra Bank
  3. Bank of India
  4. Bank of Baroda
  5. Bank of Maharashtra
  6. Canara Bank
  7. Central Bank of India
  8. Corporation Bank
  9. Dena Bank
  10. Indian Bank
  11. Indian Overseas Bank
  12. Oriental Bank of Commerce
  13. Punjab & Sind Bank
  14. Punjab National Bank
  15. Syndicate Bank
  16. UCO Bank
  17. Union Bank of India
  18. United Bank of India
  19. Vijaya Bank

Allahabad Bank FD Interest Rates 2016

Tenor Interest Percent Per Annum (%)
7 – 14 days 4.50%
15 – 29 days 4.75%
30 – 45 days 5.25%
46 – 60 days 6.00%
61 – 90 days 6.25%
91 – 179 days 6.50%
180 – 269 days 7.00%
270 days to less than 1 year 7.25%
1 year to less than 2 years 7.25%
2 years to less than 3 years 7.35%
3 years to less than 5 years 7.25%
5 years to 10 years 7.00%

Andhra Bank FD Interest Rates 2016

Andhra Bank Interest Rates on Domestic Term Deposits for the size of less than Rs. 1 Crore w.e.f. 10.08.2016 are as below.

Maturity Period Interest (%) per annum
7 days to 14 days # 4.50
15 days to 45 days 5.75
46 days to 90 days 6.25
91 days to 179 days 6.50
6 months to < 9 months 7.00
9 months to < 1 year 7.25
1 year to 2 years 7.25
Above 2 years to 3 years  7.25
 Above 3 years to 5 years 7.25
Above 5 years to 10 years  7.00

Bank of India FD Interest Rates 2016

Bank of India Deposits less than Rs.1 Cr w.e.f. 28.12.15.

Maturity Buckets Interest Percent Per Annum (%)
7 days to 14 days * 4
15 days to 30 days 4.25
31 days to 45 days 4.25
46 days to 90 days 6.5
91 days to 120 days 6.75
121 days to 179 days 6.75
180 days to 269 days 7.25
270 days to less than 1 year 7.3
1 Year & above to less than 2 Yrs 7.3
2 years & above to less than 3 years 7.3
3 years & above to less than 5 years 7.3
5 years & above to less than 8 years 7.25
8 years & above to 10 years 7.25
* Minimum Deposit Rs.1 Lac

Bank of Baroda FD Interest Rates 2016

Bank of Baroda Interest Rate on Term Deposits & NRO Deposits (w.e.f. 16.12.15) are as below.

Maturity Range Interest (%) per annum
7 days to 14 days 4.50%
15 days to 45 days 4.50%
46 days to 90 days 6.50%
91 days to 180 days 6.50%
181 days to 270 days 7.30%
271 days & above and less than 1 year 7.30%
1 year and above upto 2 Years 7.30%
Above 2 Years and upto 3 Years 7.30%
1111 Days (Baroda Maha Utsav Deposit Scheme) 7.30%
Above 3 Years and upto 5 Years 7.30%
Above 5 Years and upto 8 Years 7.30%
Above 8 Years and upto 10 Years 7.30%

Bank of Maharashtra FD Interest Rates 2016

Bank of Maharashtra FD Interest for Amount less than Rs. 1.00 crore (% per annum w.e.f. 01.09.2016) is as below.

Duration Interest (%) per annum
7 to 14 Days 4.5
15 to 30 Days 4.75
31 to 45 days 5.25
46 to 90 days 6
91 days to 119 days 6.5
120 days to 180 days 6.5
181 days to 270 days 7
271 days to 364 days 7.25
365 days/ One year 7.3
Above 1 year to 443 days 7.3
444Days/Mahanidhi 7.35
445 Days to 665 days 7.3
666 Days/ Maha Labh 7.35
667 Days to less than 2 Years 7.3
2 years to less than 3 years 7.3
3 years/Mahalaximi 7.25
Over 3 years to 5 years 7.25
Over 5 years to 10 years 7.25
Bank Term Deposits Scheme 2006 (5 years Tax Saving Scheme) – upto Rs. 1.5 lac only 7.25

Canara Bank FD Interest Rates 2016

Canara Bank For Deposits less than Rs.1 crore w.e.f.21.07.2016.

Maturity Interest (%) per annum
7 days to 14 days * 5.25
15 days to 30 days 5.25
31 days to 45 days 5.5
46 days to 60 days 6.5
61 days to 90 days 6.5
91 days to 179 days 6.5
180 days to 269 days 7
270 days to less than 1 year 7.25
1 year only 7.25
Above 1 year to less than 2 years 7.5
2 years & above to less than 3 years 7.5
3 years & above to less than 5 years 7.5
5 years & above to less than 8 years 7
8 years & above to 10 years 7

Apart from this Canara Bank also offers:
– 7.50% p.a for periods of 444 days and 555 days under Canara Shikhar Deposit Scheme
– 7.00% p.a for Canara Tax Saver Deposit scheme (General Public).

Maximum deposit acceptable is Rs 1.50 lacs

Central Bank of India FD Interest Rates 2016

Central Bank of India FD Revised rate for less than 1 cr w.e.f 14/09/2016 are as below.

Maturity Period Interest (%) per annum
7 -14 days 5
15 – 30 days 5
31 – 45 days 5.5
46 – 59 days 6.25
60 – 90 days 6.5
91 – 179 days 6.5
180 – 270 days 7
271 – 364 days 7.25
1 yr to less than 2 yrs 7.4
2 yr to less than 3 years 7.4
3 yr to less than 5 years 7.25
5 years & above upto 10 years 7.25
555 days 7.4
777 days 7.45
Cent Double 7.25

Corporation Bank FD Interest Rates 2016

Corporation Bank term deposits with effect from 1st October 2016.

Maturity Band Interest (%) per annum
7 to 14 days 5
15 to 45 days 5
46 to 60 days 6
61 to 90 days 6
91 to 120 days 6.5
121 to 180 days 6.5
181 to 270 days 7
271 days to less than 1 year 7
1 Year 7.3
>1 year to less than 3 years 7.3
3 years & Above 7.15

Dena Bank FD Interest Rates 2016

The interest rates on Dena Bank domestic term deposits w.e.f. 04.07.2016 are as below.

MATURITY PERIOD Interest (%) per annum
07 DAYS TO 14 DAYS# 4.5
15 DAYS TO 29 DAYS 4.5
30 DAYS TO 45 DAYS 5
46 DAYS TO 60 DAYS 6
61 DAYS TO 90 DAYS 6
91 DAYS TO 120 DAYS 6.5
121 DAYS TO 179 DAYS 6.5
180 DAYS TO 270 DAYS 7
271 DAYS TO 364 DAYS 7.25
365 DAYS / 1 YEAR 7.3
MORE THAN 1 YEAR TO LESS THAN 2 YEARS 7.25
2 YEARS TO LESS THAN 3 YEARS 7.25
3 YEARS TO LESS THAN 5 YEARS 7.25
5 YEARS TO LESS THAN 8 YEARS 7
8 YEARS & UP TO 10 YEARS 7

Indian Overseas Bank FD Interest Rates 2016

Indian Overseas Bank FD Term Deposit Interest Rates (w.e.f. 01.07.2016) are given below.

Maturity Band Interest (%) per annum
7 days – 14 days * 4
15 days – 29 days 4
30 days – 45 days 4
46 days – 60 days 4
61 days – 90 days 4.5
91 days – 120 days 5
121 days – 179 days 5
180 days – 269 days 5.75
270 days -< 1 year 6.25
1 yr – < 2 yrs 7.25
2 yrs to 3 yrs 7
> 3 Yrs – < 5 Yrs 7
5 Yrs & above  7.00

Oriental Bank of Commerce FD Interest Rates 2016

Oriental Bank of Commerce FD Term Deposits less than Rs.1 Crore w.e.f from 13.06.2016.

Maturity Band Interest (%) per annum
7 days to 14 days 4.00%
15 days to 30  days 4.50%
31 days to 45 days 5.50%
46 days to 90 days 6.00%
91days to 179 days 6.25%
180 days to 269 days 7.00%
270 Days to less than 1 year 7.00%
1 year to  less than 2 year 7.30%
2 Years to less than 3 year 7.25%
3 Years to less than 5 Years 7.25%
5 Years to 10 years 7.25%

Punjab & Sind Bank FD Interest Rates 2016

Punjab & Sind Bank FD Term Deposits Less than Rs.1 Cr w.e.f. 20.07.2016 are given below.

Maturity Band Interest (%) per annum
7 – 14 Days 3.75 (#)
15 – 30 Days 4.25
31 – 45 Days 5.75
46 – 90 Days 6.25
91 – 150 Days 6.75
151-179Days 6.75
180 – 269 Days 7.25
270 – 364 Days 7.25
1 Year -2Year 7.4
Above 2 Years – <3Years 7.3
3 Years – 5Years 7.25
>5 Years – 10 Years 7.25

Punjab National Bank FD Interest Rates 2016

Punjab National Bank FD Rate of Interest on Single Domestic Term Deposits (TD) and NRE Term Deposits of upto Rs.10 cr (w.e.f 05-10-2016) is given below.

Period ROI (% p.a.)
7 to 14 days 4.25
15 to 29days 4.25
30 to 45 days 4.75
46 to 90 days 6.25
91 to 179 days 6.5
180 days to 270 Days 7
271 days to less than 1 year 7
1 year 7.25
above 1 year & upto 2 years 7.15
above 2 year & upto 5 years 7.15
above 5 years & upto 10 years 7

Syndicate Bank FD Interest Rates 2016

Syndicate Bank FD Interest Rates on deposits w.e.f. 14/06/2016 is provided below.

Maturity Band Interest (%) per annum
7 to 14 days 5.5
15 to 30 days 6
31 to 45 days 6
46 to 60 days 6
61 to 90 days 6.55
91 to 120 days 7
121 to 179 days 7
180 to 269 days 7
270 to 363 days 7
364 days 7
1 year exact 7.5
Above 1 yr to 2 years 7.25
Above 2 to less than 5 yrs 7
Exact 5 yrs 7
Above 5 to 10 yrs 6.75

UCO Bank FD Interest Rates 2016

UCO Bank FD Interest Rates w.e.f 20.09.2016 is given below.

Time Period  Interest (%) per annum
7 – 14 Days 4.50%
15 – 29 Days 5.00%
30 – 45 Days 5.50%
46 – 60 Days 6.00%
61 – 90 Days 6.50%
91 – 120 Days 6.75%
121 – 150 Days 6.75%
151-180 Days 6.75%
181 to 364 days 7.25%
1 year 7.70%
More than 1 year upto 2 Years 7.50%
Above 2 Years upto 3 Years 7.50%
Above 3 Years and less than 5 Years 7.25%
5 years and above 7.25%

Union Bank of India FD Interest Rates 2016

Union Bank of India FD Interest rates effective from 01/10/2016.

Time Period  Interest (%) per annum
7 day – 14 day 5.25
15 day – 30 day 5.5
31 day – 45 day 5.5
46 day – 90 day 6.5
91 day- 120 day 6.75
121 day to – 179 days 6.75
180 days 7
181 day to <1 Year 7.25
1 year 7.3
>1 Year – 3 Year 7.35
>3 year – 5 Year 7.4
>5 year – 10 Year 7.25

United Bank of India FD Interest Rates 2016

United Bank of India FD Interest Rates w.e.f 18.01.2016.

Time Period  Interest (%) per annum
7 days to 14 days 4
15 days to 29 days 4
30 days to 45 days 4
46 days to 60 days 5
61 days to 90 days 5
91 days to 180 days 6
181 days to 269 days 6
270 days to less than 1 year 6.75
 1 Year 7
Above 1 year to less than 2 years 6.75
2 years to less than 3 years 6.75
3 years to less than 5 years 6.50
5 years and above 6.50

Vijaya Bank FD Interest Rates 2016

Time Period  Interest (%) per annum
7 days to 29 days 4
30 days to 45 days 4
46 days to 60 days 6
61 days to 90 days 6
91 days to 180 days 6.5
181 days to 269 days 7
270 days to less than 1 Yr 7
1Year 7.5
More than 1 Yr to less than 2 Yrs 7.25
2 Yrs 7.25
More than 2 Yrs to less than 3 Yrs 7.25
3 years to 5 Yrs 7.25
Above 5 Yrs 7

Sources

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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 Nationalised Banks FD Interest Rates 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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