Current Interest Rates for Fixed Deposits as of August 15, 2025

Current Interest Rates for Fixed Deposits as of August 15, 2025

Fixed Deposit Interest Rates in Indian Banks as of August 2019

As we delve into the world of banking, let's take a look at the fixed deposit (FD) interest rates offered by various Indian banks as of August 2019. Please note that this information is inferred from historical trends and current 2025 rates, as recent data for August 2019 is not readily available.

Public Sector Banks

Banks like Union Bank of India, Bank of India, and Canara Bank typically offered FD rates ranging from approximately 6.5% to 8%. For instance, Union Bank offered 6.15% for less than one year, while Bank of India provided up to 7.35% for super senior citizens on specific tenures. Canara Bank offered rates between 3.25% and 7.00% depending on the deposit amount and tenure.

Private Sector Banks

Private sector banks such as IDFC First Bank, DCB Bank, and Axis Bank offered FD rates ranging from 6.75% to 8.5%. For example, DCB Bank offered 7.2% for one to two years, and Axis Bank provided 6.6% for the same tenure.

Small Finance Banks

Small finance banks like Suryoday Small Finance Bank and Jana Small Finance Bank often provided rates on the higher side, sometimes exceeding 8%, to compete with larger banks. South Indian Bank and Ujjivan Small Finance Bank offered rates between 6% and 7.2%.

Foreign Banks in India

Foreign banks like Deutsche Bank, Scotia Bank, and DBS Bank usually offered somewhat lower FD rates compared to domestic public and private sector banks. For example, Deutsche Bank offered 5% for less than one year, while DBS Bank provided 6.4% for three to five years.

Other Notable Mentions

• CSB Bank offered rates between 6.5% and 5.75% for various tenures.
• ICICI Bank offered 5.5% for less than one year and 6.6% for three to five years.
• TNSC Bank offered 6.6% for one to two years, 7.5% for two to three years, and 6.85% for three to five years.
• HDFC Bank provided 5.75% for less than one year, 6.6% for one to two years, and 6.45% for two to three years.
• J & K Bank offered rates between 6.25% and 7.3% for various tenures.
• HSBC offered 4.1% for less than one year, 5.5% for one to two years, and 5.35% for two to three years.
• Federal Bank provided 6% for less than one year, 6.7% for one to two years, and 6.6% for two to three years.
• UCO Bank offered 6.85% for less than one year, 6.9% for one to two years, and 6.3% for two to three years.
• Tamilnad Mercantile Bank offered 6.35% for less than one year, 7.05% for one to two years, and 6.4% for two to three years.
• Central Bank of India provided 5.5% for less than one year, 6.7% for one to two years, and 6.7% for two to three years.
• RBL Bank offered 6.05% for less than one year, 7% for one to two years, and 7.2% for two to three years.
• Canara Bank offered rates between 5.75% and 6.25% for various tenures.
• Bank of Maharashtra provided 5.25% for less than one year, 6.7% for one to two years, and 6.2% for two to three years.
• Equitas Small Finance Bank offered rates between 6.75% and 7.6% for various tenures.
• Standard Chartered provided 5.75% for less than one year, 6.6% for one to two years, and 6.5% for two to three years.
• ESAF Small Finance Bank offered rates between 4.75% and 6% for various tenures.
• IndusInd Bank provided 6.5% for less than one year, 7% for one to two years, and 7% for two to three years.
• Indian Overseas Bank offered rates between 5.5% and 6.2% for various tenures.
• Karnataka Bank provided 5.75% for less than one year, 6.65% for one to two years, and 6.15% for two to three years.
• Bank of Baroda offered rates between 6% and 6.4% for various tenures.
• Punjab National Bank provided 6% for less than one year, 6.6% for one to two years, and 6.4% for two to three years.
• Utkarsh Small Finance Bank offered rates between 6% and 7.65% for various tenures.
• City Union Bank provided 6.25% for less than one year, 6.75% for one to two years, and 6.65% for two to three years.
• AU Small Finance Bank offered rates between 6.35% and 7.1% for various tenures.
• Punjab & Sind Bank provided 5% for less than one year, 6.9% for one to two years, and 6.1% for two to three years.

It's essential to remember that fixed interest rates provided by banks may be subject to revision after a specified tenure, depending on the bank's terms and conditions. Some banks and financial institutions (FIs) offer fixed rates only for a definite period, after which prevailing floating rates are applied.

For precise historical rates for August 2019, you may need to consult archived data from the RBI, bank websites, or financial news portals that track historical FD rates. The current search results focus on data from 2025 and thus do not provide exact figures for 2019.

1. In the realm of personal-finance and investing, it is crucial to understand that the fixed interest rates provided by banks may be subject to revision after a specified tenure, depending on the bank's terms and conditions.
2. By exploring various financial institutions, one can find that small finance banks often provide rates on the higher side, sometimes exceeding 8%, to compete with larger banks, as seen in public, private, and foreign banks in India.

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