Current Fixed Deposit Interest Rates in India (Mar-2014)

Latest interest rates on bank FDs-Mar-2014Current Fixed Deposit Interest Rates in India (Mar-2014)

Current FD rates indicate that, in the last one month, public sector banks have reduced the fixed deposit rates. While there are minor changes in private bank FD rates, foreign banks have increased the FD rates.

Also Read: Latest RD rates in Mar-2014

Positive movers

  • Foreign banks: Deutsche Bank has increased the FD rates for 3 year period. HSBC has increased 1 year and 3 year fixed deposit rates.
  • Private Banks: Federal bank has increased deposit rates on a 1 year FD scheme.
  • Public Sector Banks: Allahabad Bank, Bank of Baroda and Bank of India have increased deposit rates for 1 year and 2 year tenure.

Negative Movers

  • Foreign Banks: Deutsche Bank reduced 1 year FD rates.
  • Private Banks: Karnataka bank has reduced 4 year deposit rate.
  • Public Sector Banks: Bank of Baroda, SBI and Bank of Maharastra has reduced the FD rates for various tenures from 1 year to 5 year period.

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

The comparison list of latest bank FD rates would help investors to choose the right bank for fixed deposits. Green indicates that the rates have been increased compared to our previous month's article and RED indicates that the rates are reduced comparing to our previous month's article. Myinvestmentideas.com is the only website 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. This is a unique feature of our blog. Investment in bank FD provides a good fixed income option.

Also Read: What are the Fixed Income Options available ?

Latest bank FD interest rates in India - Mar-2014

If you enjoyed this article, share it with your friends and colleagues through Facebook and Twitter. The links are available below.

Suresh
Current Fixed Deposit Interest Rates in India (Mar-2014)

 

20 comments

  • Partha K Sen

    Me and my wife are both senior citizen. We need about Rs.30,000/M return on our investment on a regular basis. The investments should be safe and preferably in Government schemes. How much money we need to invest at a time and where? Thanks.

  • Yash

    Sir, I have 16 Lakhs in my account inherited from my grandmom and want to keep the same in FD for a shorter period say 7 to 14 days only. I will prefer either SBI or Indian Bank as the ROI offered is around 7% up to 14 days and they are Public Sector Banks. My question is that whether the interest earned within this 7-14 days will be taxable and if it taxable then what will be the taxable amount???? I come under general income tax slab of 250000 Rs….Kindly revert. Thanks…..

  • G.Rajesh

    For NRI, can invest 2 to 3 lakhs per annum for 10 years and would like to get 50 k / month, what would be the best investment? FD or Mutual fund?

    Thank you & Take care

    G.Rajesh

  • Ricky pintu

    Hi If i keep  1 crore in FD how much interest i get after deducting all tds,

    kindly also let me know  after tds dedution will there be any other tax applicable.

    i dont have any other income source.

  • Rajanandan

    Suresh,

    Can you update the latest FD interest rates applicable and can a FD be started for new born if so what documents are required and how it is evaluated from tax perspective.

    Thanks always,

    • Rajanandan,You can open a joint account between a minor child and you. However any interest received on such FD would attract “clubbing provisions of income tax” and you need to pay necessary income tax.  Regarding other question about latest FD rates, I have written it and it is in que to be posted in next week.

Leave a Reply

Your email address will not be published. Required fields are marked *