Question 1

Which bank gives the highest bulk-deposit (≥ ₹3 crore) FD rate in India today?

Accepted Answer

See https://capera.co/best/India/fd-rates-above-3-crore for the latest comparison.

Question 2

Why don't Small Finance Banks appear here?

Accepted Answer

Small Finance Banks (SFBs) generally don't publish a separate rate card for bulk deposits — their deposit base is structured around retail. The 15 banks below are the Scheduled Commercial Banks and NBFCs that do publish ≥ ₹3 crore rates.

Question 3

Why are bulk rates often different from retail?

Accepted Answer

Banks pay differently for size. For deposits ≥ ₹3 crore the rate depends on the bank's current funding need — sometimes higher than retail (when they want size), sometimes lower (when they have plenty of liquidity). The published rate is also typically a floor, not a ceiling: large amounts are often negotiable for an additional 10–30 bps.

Question 4

Are these rates negotiable?

Accepted Answer

Yes, especially above ₹10 crore. Most banks have an internal preferred-rate that's 10–30 bps above the published bulk rate, accessible if your relationship manager can authorise it.

Question 5

FD vs Liquid Mutual Fund vs G-Sec for treasury cash?

Accepted Answer

Each has tradeoffs. FDs lock the rate but lock the money (penalty for early withdrawal). Liquid funds give T+1 access but rates float (~6–6.5% currently, lower than top FDs). G-Secs give sovereign credit and secondary-market liquidity, with yields typically 50–100 bps below the best FD. For a treasurer optimising 12–24 month surplus, the best FD usually wins; for shorter horizons (<3 months), liquid funds are typically better.

Best FD rates above ₹3 crore
in India

How bulk rates spread across the market

The treasury leaderboard

More markets, fewer surprises.

MCLR rates by bank

EBLR rates by bank

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India yield curve

Global sovereign yields

Senior citizen FD rates

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For treasurers

The bulk-deposit playbook.

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Best FD rates above ₹3 crorein India