Fixed Deposit Rates In India

you can check http://www.ratekhoj.com which is a good site to compare fixed deposit rates in India.

Fixed deposit rates vary daily from bank to bank. You can negotiate rates of FD with the bank if you put good amount of money.

Always try to get quotes from different banks and negotiate with them. This only works if the amount is large (again). In addition, various factorys, the crisis the money market money, the duration of your investment will be the effect of these factors.

I noticed that Govt. Banks do not give very good rates compared to foreign banks. Atleast, personally, with me, ICICI always beat everyone and finally closed the deal.

Duration Institutions Rate

3 months 7.50 Citibank
6 months Development Credit Bank 8.25
DBS Bank 9.25 1 year
DBS Bank 9.75 2 years
3 years Tamilnad Mercantile Bank 9.50
4 years Tamilnad Mercantile Bank
Lakshmi Vilas Bank 9.50
5 years Tamilnad Mercantile Bank
Lakshmi Vilas Bank 9.50
> 5 years Tamilnad Mercantile Bank 10.00

Do not be misled with interest the% ... whether the deduction of tax at source is there ...?

I think it depends on the amount and duration of the deposit and you want quarterly or annual interest