Fixed deposit rates comparison available from Ratekhoj.com indicates that DBS Bank, is now offering the highest interest rate for fixed deposits among all the banks in India for non-senior citizens. DBS Bank is offering the highest fixed deposit rate of 11.25% for non-senior citizens. This fixed deposit rate is being offered for a term of 1 year to 2 years for fixed deposit amounts below Rs. 15 lacs.
For senior citizens, DBS Bank is offering the highest fixed deposit rate of 11.75% for a term of 1 to 2 years. Karur Vysya Bank, Lakshmi Vilas Bank, Karnataka Bank and ING Vysya Bank are all offering fixed deposit products with an interest rate of 11.50% for terms ranging between 1 and 5 years duration. City Union Bank is offering the next highest rate of 11.35% for senior citizens for a term of 400 days. Tamilnad Mercantile Bank is offering a rate of 11.30% for a term of 777 days to senior citizens.
If you are considering only Public Sector banks, then Union Bank of India is offering the highest rate of 11.00% for a term of 1 year, but the deposit amount has to be at least 1 crore. For fixed deposit amounts below Rs. 15 lacs, State Bank of Travancore is offering the highest fixed deposit rate of 10.60% for a term of 400 days.
Visit Ratekhoj.com's fixed deposit comparison section to get the highest fixed deposit rates in India.