Best FD Rates in India for Dec-2018
Trend of Bank Fixed Deposit Rates in India show increase in interest rates in the last few months. Many private sector banks have started increasing bank fixed deposit rates in India in Nov-2018. If you are a conservative investor, you can invest your money in bank fixed deposits. If you want to park money for short term to pay e.g. a down payment for a home or for a car, than bank FDs are the best option. Which are the best FD rates in India in Dec-2018? Which are the best FD interest rates in India to park your money for 1 year, 2 years or 5 years?
Also Read: Best Mutual Funds in India for 2019
Positive Movers in Best Fixed Deposit Rates in India
1) Foreign banks: Foreign banks have not increased any of the FD rates in the last 1 month.
2) Private Banks: DCB, KVB, Federal Bank, HDFC Bank, Lakshmivilas bank, Yes Bank, Axis Bank, ICICI Bank and Karnataka bank have increased from 1 year to 5 years tenure.
3) Public Sector Banks: Bank of Baroda, Canara Bank and Bank of India have increased 1 to 2 years FD rates.
Negative Movers in Best Fixed Deposit Rates in India
1) Foreign banks: They are no changes in the FD rates in the last 1 month.
2) Private Banks: ICICI Bank has reduced FD rates for 2 years tenure.
3) Public Sector Banks: Bank of India and Dena Bank has reduced 1 year FD rates.
Best FD Rates in India – Dec-2018
Let us check which bank is offering best Fixed Deposit interest rates in India now in Dec-2018.
Top 10 Best FD Rates in India for 1 year
Here are the top 10 FD interest rates to invest for one year time frame.
Top 10 Best FD Rates in India for 2 years
Here are the top 10 Fixed deposit interest rates to invest for a two year time frame.
Top 10 Best FD Rates in India for 3 years
Here are the top 10 FD interest rates to invest for three year time frame.
Top 10 Best FD Rates in India for 4 years
Here are the top 10 FD interest rates to invest for four year time frame.
Top 10 Best FD Rates in India for 5 years
Here are the top 10 FD interest rates to invest for five year time frame.
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. Since all the banks have reduced FD interest rates, I have not marked them in red this time. Myinvestmentideas.com 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.
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Suresh
Best FD Rates in India – Dec-2018
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Dear Sir,
Interest Rate of Bank of Maharashtra is not updated.
Hello Shukla, Their site is down now. Would check and revert in case of any change
Can u provide NRE FD & RD interest rates ?
Vijay, you can refer this article for latest RD rates. https://myinvestmentideas.com/2013/04/latest-recurring-deposit-interest-rates-in-india-apr-2013/ For NRE FD, I would start compiling this from beginning of Jan 1st week and we would do every month going forward.
Hello Suresh,
I see that you’ve not included IDFC Bank which is offering competitive interest rates. Kindly include them in your future lists.
Thank you Balachandar. Would include that going forward