Punjab National Bank: The bank was founded by Lala Lajpat Rai. It is a government owned bank and comes under the Four Big Banks of India along with ICICI bank, Bank of Baroda and State Bank of India.

The bank offers 9.00 percent interest for a yearly fixed deposit. Punjab National Bank has a wide reach over Europe and the eastern Asian Countries.

ICICI bank: The bank is part of the Big Four Banks of India, which are banks owned by the government of India. ICICI has the widest reach in terms of operation as it covers the West, Europe and the Asian countries.

Last year RBI fined the bank for malpractice by some of its employees. The bank offers 8.00 percent in a yearly fixed deposit. This is 0.73 percent lower than the average interest rate of 8.73 percent.

Axis Bank: One of the Largest Private sector banks in India is based in Mumbai. The bank basically is involved with corporate, small businesses, and agriculture and retail businesses in India. The bank offers 8.25 percent interest on yearly fixed deposit.

The bank was formerly known as Unit Trust of India. Axis Bank has a wide range of services catering to insurance and loans for various sectors and needs in the society.

HDFC: The bank is based in Mumbai. It is in the top five largest banks in terms of assets. The bank is currently witnessing growth in all aspects unlike other banks that are not getting as much returns as last year. The bank offers 9.00 percent interest rate for a yearly fixed deposit.