Latest Bank FD Interest Rates in India-July-2015

Latest Bank FD interest rates-Jul-2015Latest Bank FD Interest Rates in India-July-2015

As expected earlier, even in last 1 month, several banks have been reducing Bank FD Rates. If you observe latest Bank FD Interest rates for July, 2015, you would see that majority of public and private sector banks have reduced the interest rates. We expect that RBI would cut repo rates further in Aug-15 review, due to low monsoons in India. What are the latest Bank FD Rates in India in July-2015 and how they are earlier compared to our previous article?

Positive movers in bank FD Rates

  • Foreign banks:  Deutsche Bank has increased interest rates for 5 year FD Scheme.
  • Private Banks: No positive movement in private banks.
  • Public Sector Banks: Vijaya Bank has increased Bank FD Rates for 2 to 5 year FD Schemes.

Also Read: Latest Recurring Deposit Interest Rates for July-2015

Negative Movers in bank FD Rates

  • Foreign Banks: Deutsche Bank has reduced 1 to 3 years FD Rates. HSBC has reduced 1 year FD rate to 6.75%.
  • Private Banks: Almost all banks except for Yes Bank have reduced bank FD rates for short term to long term. Interest rates are ranging between 8% to 9% per annum.
  • Public Sector Banks:  Even majority of public sector banks has reduced interest rates for short term, medium term and long term Fixed deposits. Interest rates are ranging between 7.75% to 9% 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 7.25% to 9% interest rates.
  • If you are willing to park your money in Private sector banks, you can look for Ratnakar Bank, KVB, Tamilnad Merchantile Bank, DCB 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 Repco Bank, Allahabad Bank, Bank of Baroda, Bank of Maharastra, IDBI Bank, UBI, Vijaya Bank and SBH which provides highest interest rates for fixed deposits.

Also Read: Top Company FD Schemes offering highest returns in India

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. This would help investors to get highest returns on your investments.

Latest Bank FD Interest Rates-July-2015

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Latest Bank FD Interest Rates in India-July-2015

Suresh KP


  1. State Bank of Hyderabad is offering 8 % interest from one to 10 years , without any penalty on foreclosure and higher for senior citizens. Sekhar Kausik . 16/11/2015

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