The bank has a worldwide operations catering to over 28.7 million as of last year. HDFC witnessed a merge with The Times bank in 2000 and acquired Centurion bank of Punjab.

Bank of Baroda: The bank is situated in Vadodara in Gujarat. The bank is a government owned and is the second largest bank in India after State Bank of India. The Maharaja of Baroda founded the bank back in 1908.

Bank of Baroda offers an interest rate of 9.00 per cent for a yearly fixed deposit. It is also part of the Big Four Banks of India. The bank has an expansive presence in the African countries to cater to the Indians living there.

DhanaLakshmi Bank: It is a very old private sector owned bank located in Thrissur, Kerala. The bank was serving the southern states but for the last few years it is looking to expand throughout India. The bank is offering 9.00 percent for a yearly fixed deposit.

The bank also offers insurances policies through Bajaj Alliances services. This Bank is relatively smaller than all the other banks.

Vijaya Bank: The bank was started by shri. Attavar B. Shetty, to help the people of Dakshina Karnataka with the idea of banking habits, thrift and entrepreneurships. The bank offers 9.10 percent of interest rate for a yearly fixed deposit. The bank is one of the nationalized banks in India. The bank has grown over the years by merging itself with nine smaller banks.

If investing is an interest, then one should look to make deposits with these banks. The details given are for small amount of money for a period of a year or less. When considering a longer period of deposit with larger amounts of money, these banks still offer better interest rates. Deposit money where you can get the highest returns and these banks will do just that.

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