Latest Bank Interest FD rates in India (Jul-2013)

Latest Bank Interest FD rates in India (Jul-2013)Latest Bank Interest FD rates in India (Jul-2013)

During Jun-13, some of the foreign banks and Public sector banks have reduced their bank FD rates. This indicates that FD rates are in downtrend now. In this article we are adding Senior Citizen rates seperately from this month onwards.

Among the various fixed income options available for an investor the best and safe investment option is investment in Bank fixed deposits (FD) in India.

Comparison of latest bank FD interest rates among various banks in India.

The comparison list would help investors to choose the right bank for fixed deposits. Green indicates that the rates have been increased compared to our previous month article and RED indicates that the rates are reduced comparing to our previous month article. is the only blog in India which tracks FD rates month on month and provides whether a particular bank has increased the FD rate or slashed the FD rates.

Latest Bank Interest FD rates in India (Jul-2013)-Comparison chart

Comparison of latest bank FD interest rates for Senior Citizens among various banks in India.

Sr citizens-Latest Bank Interest FD rates in India (Jul-2013)-Comparison chart

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Latest Bank Interest FD rates in India


  • K153

    Hello Suresh,

    Thanks for your wonderful work. My parents are seniour citizens and selling their property so that they can live comfortably their rest of the life. They are going to get 50 lacs. The safe and best way what I thought would be: Andhra Bank is offering 9.5 interest for senoiur citizens so keeping in that bank would give monthly 47500 INR.  As seniour citizens is that realistic amount that we expext or the bank will charger some extra bucks for other services? Thanks for your valuable time for answering the question. If you have any other source of investment of this money please let me know. Thanks for your work and time. Sri

    • Srikanth, For such senior citizens, I would prefer that they invest in bank FD’s only. Let they also give Form-15H (Sr. Citizens where TDS would not be deducted). You can also review and buy Annuities from LIC or any insurance company. However the returns would be less than 5% per annum, but they are assured for life time

  • R Geetha

    I had posted a query on 25th hoping to get your opinion. I find this query not only not responded but also missing. Any reason please?

  • R Geetha

    Thanks Suresh for your helpful posts and patient responses. If my income from one bank FD ( the only bank I have my FD in) is Rs. 2.50 lacs can I give Form 15 G expecting the bank to not deduct TDS on interest income upto Rs. 2lacs and only deduct TDS on the balance interest? Or can I give Form 15G only for 4 desposits where the total interest is less than Rs. 2 lacs and not on the other 2 FDs which income will take the total interest to Rs. 2.50 lacs?  I am told by the bank that they cannot accept Form 15G at all from me. Then they will deduct 25,000 TDS whereas my total taxable income is only Rs. 50000 and perhaps even nil if I invest Rs. 50000 in 80C investments. So I may have to wait for 2-3 years to get the 25000 refund?

    • Geetha, Banks cannot refuse to accept Form 15G. You can re-check with them. You can indicate the taxable income in that and based on that banks would deduct 10% TDS. If based on the facts in the form, bank deducts 10% TDS, you can file ITR and claim any refund which you are eligible.

      • R Geetha

        Thank you Suresh. Sorry I was not trying to pressurise you. I did not see the query and hence the second post. But after I posted the second one the first one came up. Thanks for your response…

        • No problem Geetha. Earlier i used to get 5 to 10 messages per day. In the last 3 weeks I am getting more than 50 messages per day. Last week, I got more than 500 messages, hence there is some delay. 

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