Latest Bank FD Interest Rates in India-Sep-2015

Latest Bank FD Interest Rates - September-2015Latest Bank FD Interest Rates in India-Sep-2015

Even in last 1 month, several banks have been reducing Bank FD Rates. If you observe latest Bank FD Interest rates of September, 2015, you would see that majority of public and private sector banks have reduced the interest rates. While RBI maintained status quo in Aug-15 review, we expect that RBI would reduce repo rates in Sep-15 review, due to low monsoons in India. What are the latest Bank FD Rates in India in September-2015 and how they are earlier compared to our previous article?

Positive movers

  • Foreign banks:  HSBC Bank has increased FD interest rates for 2 and 3 years tenure.
  • Private Banks: No positive movement in private banks FD rates.
  • Public Sector Banks: No positive movement in public sector banks FD rates.

Also Read: Are Bank Fixed Deposits better than Liquid Mutual Funds?

Negative Movers

  • Foreign Banks: Citibank and HSBC has reduced FD interest rates for 1 to 3 years tenure.
  • Private Banks: Almost all banks except for RBL, Lakshmi Villas Bank and Axis Bank. Interest rates are ranging between 7.75% to 9.10% per annum.
  • Public Sector Banks:  Even majority of public sector banks has reduced FD interest rates except for Canara Bank, Bank of Maharastra and Syndicate Bank. Interest rates are ranging between 7.75% to 8.75% per annum.

What does this mean for investors?

As I always indicated in my previous articles, investors should park money for the long term. Foreign banks still provide lesser interest rates. The best way is to invest in bank FD schemes of public sector banks and large private banks.  

Which banks are providing higher interest rates now?

  • If you are willing to park your money in foreign banks (in India), you can look for Deutsche Bank where they are offering 7% to 9% interest rates.
  • If you are willing to park your money in Private sector banks, you can look for Ratnakar Bank, DCB, Tamilnad Merchantile Bank and Lakshmi Vilas Bank for long terms of 5+ years as they provide highest FD rates in India.
  • If you are willing to park your money in Public sector banks, you can look for Bank of Mahrastra, Central Bank of India, Repco Bank and SBH which provides highest interest rates for fixed deposits.

Comparison of current and 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 article and RED indicates that the rates are reduced compared to our previous article. is the only website in India, which tracks FD rates regularly and provides whether a particular bank has increased the FD rate or slashed the FD rates. This is a unique feature of our blog. You can refer latest Interest rates on Bank FD, recurring deposit rates, latest home loan rates, cheapest personal loan rates at this link.

Latest Bank FD interest rates-Sep-2015

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Latest Bank FD Interest Rates in India-Sep-2015

Suresh KP


  • K.B.Raghavan

    Thanks for posting updated & useful information regarding Investment options to guide investors.
    Kindly revert whether Senior Citizens Savings Scheme Account can be opened in any Public sector Banks.

  • Kant

    Good service, thanks.

  • Srinivas sastri

    Thanks Suresh for the consolidated snap shot picture of various bank FD’s. Do you also have similar list where say FD’s in general are compared including company FD’s and post office. This might give a broader horizon to select the FD portfolio please.
    My sincere appreciation to you for the efforts and service being put in by you to the readers as your articles are crisp and informative and provide a support for decision making.
    Thanks once again

    • I am not tracking company FD schemes regularly. However here is the link where you can invest in high rated company FD Schemes. Also giving link about post office saving schemes interest rates 1) 2)

  • R Varadarajan

    Very useful consolidated information.

  • Nitin

    Do you recommend ultra short term OR liquid fund instead of booking an FD for a goal which is a year away?

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