Compare 2 Years Fixed Deposit rates from 25+ banks & NBFCs. Best rate: 7.68% by Shriram Finance.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
Compare 2 Years Fixed Deposit interest rates and maturity amounts across all major Indian banks and NBFCs.
Deposit: ₹5 Lakh · Quarterly compounding
| Bank | General Rate | Senior Rate | Maturity | Interest Earned |
|---|---|---|---|---|
| Shriram Finance | 7.68% | 7.93% | ₹5,82,164 | ₹82,164 |
| Mahindra Finance | 7.6% | 7.85% | ₹5,81,251 | ₹81,251 |
| Bajaj Finserv | 7.45% | 7.7% | ₹5,79,542 | ₹79,542 |
| PNB Housing | 7.35% | 7.6% | ₹5,78,405 | ₹78,405 |
| IndusInd Bank | 7.25% | 7.75% | ₹5,77,270 | ₹77,270 |
| Yes Bank | 7.25% | 7.75% | ₹5,77,270 | ₹77,270 |
| Bandhan Bank | 7.15% | 7.65% | ₹5,76,137 | ₹76,137 |
| LIC Housing | 7.15% | 7.4% | ₹5,76,137 | ₹76,137 |
| Axis Bank | 7.1% | 7.6% | ₹5,75,571 | ₹75,571 |
| Kotak Mahindra Bank | 7.1% | 7.6% | ₹5,75,571 | ₹75,571 |
| Federal Bank | 7.1% | 7.6% | ₹5,75,571 | ₹75,571 |
| Bank of Baroda | 7.05% | 7.55% | ₹5,75,006 | ₹75,006 |
| Indian Bank | 7.05% | 7.55% | ₹5,75,006 | ₹75,006 |
| Bank of India | 7.05% | 7.55% | ₹5,75,006 | ₹75,006 |
| SBI | 7% | 7.5% | ₹5,74,441 | ₹74,441 |
| HDFC Bank | 7% | 7.5% | ₹5,74,441 | ₹74,441 |
| ICICI Bank | 7% | 7.5% | ₹5,74,441 | ₹74,441 |
| PNB | 7% | 7.5% | ₹5,74,441 | ₹74,441 |
| Canara Bank | 7% | 7.5% | ₹5,74,441 | ₹74,441 |
| IDBI Bank | 7% | 7.5% | ₹5,74,441 | ₹74,441 |
| IDFC First Bank | 7% | 7.5% | ₹5,74,441 | ₹74,441 |
| Post Office | 7% | 7% | ₹5,74,441 | ₹74,441 |
| Union Bank | 6.9% | 7.4% | ₹5,73,313 | ₹73,313 |
| South Indian Bank | 6.9% | 7.4% | ₹5,73,313 | ₹73,313 |
| Central Bank | 6.75% | 7.25% | ₹5,71,624 | ₹71,624 |
A 2 Years Fixed Deposit (FD) is a savings instrument where you deposit a lump sum amount for 2 Years at a fixed interest rate. The interest is typically compounded quarterly, and you receive the maturity amount at the end of the tenure.
FD rates vary across banks and are updated regularly. NBFCs like Bajaj Finserv, Shriram Finance, and Mahindra Finance typically offer higher rates. Check the comparison table on this page for current rates from all major banks.
Yes, FD interest is taxable as per your income tax slab. TDS at 10% is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
In a cumulative FD, interest is compounded and paid at maturity, giving higher effective returns. In a non-cumulative FD, interest is paid out periodically (monthly/quarterly), resulting in slightly lower overall returns but regular income.
Yes, most banks offer loans against FD at interest rates 1-2% above the FD rate. You can typically borrow up to 90% of the FD value without breaking the deposit, which continues to earn interest.