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Highest FD Rates: Which Bank Offers Top Interest on 555-Day Fixed Deposits?
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CNBC Awaaz•22-09-2026, 15:17
Highest FD Rates: Which Bank Offers Top Interest on 555-Day Fixed Deposits?
- •City Union Bank offers 7.25% interest for general customers and 7.50% for senior citizens on 555-day FDs.
- •Karnataka Bank provides 7% interest to general customers and 7.40% to senior citizens for the same tenure.
- •Other banks like Bank of Baroda, Indian Bank, Canara Bank, and Union Bank of India also offer competitive rates on 555-day FDs.
- •Before booking an FD, consider the bank's terms, premature withdrawal rules, and tax implications, not just the interest rate.
- •FD interest is taxable as per your income tax slab, and TDS may apply if interest exceeds ₹50,000 for non-seniors or ₹1 lakh for seniors.
Key Questions Answered
City Union Bank and Karnataka Bank offer the highest interest rates for a 555-day FD. City Union Bank provides 7.25% for general customers and 7.50% for senior citizens, while Karnataka Bank offers 7% and 7.40% respectively.
Bank of Baroda offers 6.75% for general customers and 7.25% for seniors, Indian Bank offers 6.65% and 7.15%, Canara Bank offers 6.60% and 7.10%, and Union Bank of India offers 6.55% and 7.05% on 555-day or 18-month FDs.
The TDS limit on FD interest in a financial year is ₹50,000 for non-senior citizens under 60 years of age, and ₹1 lakh for senior citizens aged 60 years and above.
