Presently when interest rates on term deposit are not high, Dhanlakshim Bank has come out with an interesting rate of 7.75%p.a. for 400 day (upto Rs 50 Lacs). This is a highest interest rate offered by any bank for such low deposit duration.
Highest Rates offered by Banks: Domestic Term Deposits (Investment below Rs 15 Lacs)
Bank Interest Rate(p.a.) Investment Duration
State Bank of India 7.50 % 8 to 10 years
Bank of Baroda 7.00 % 2 Years & Above
State Bank of Travancore 7.75 % 8 to 10 years
ICICI BANK 7.75 % 5-10 Years
HDFC BANK 7.50 % 3 Years & Above
Karnataka Bank 7.50 % 3 Years & Above
Federal Bank 7.75 % 5-10 Years
Special Offers:
State Bank of Travancore 7.50 % 400 days
Dhanlaxmi Bank 7.75 % 400 days
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