Ritika
Fixed Deposit Interest Rate: Bank Fixed Deposit (FD) is the most preferred investment plan. It is considered as one of the safest investment instruments as the rates are not affected by market volatility and you get guaranteed returns depending on the tenure you choose. It helps you to grow your investment over a fixed period or fixed rate of interest. Let us tell you that FD is also one of the most preferred investment options for senior citizens. They often get higher interest rates from banks.
Let us know the FD rates of top 10 banks, where the highest returns are being given over a period of 3 to 5 years.
Fixed Deposit interest rates:
Bank interest on 3-5 years
Finance Small Finance Bank 7.50%
Jana Small Finance Bank 7.35%
Ujjivan Small Finance Bank 7.20%
Deutsche Bank 7%
Bandhan Bank 7%
AU Small Finance Bank 6.90%
IndusInd Bank 6.75%
Yes Bank 6.75%
Suryoday Small Finance Bank 6.75%
DCB Bank 6.60%
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Apart from FDs of 3 to 5 years, you can also invest in FDs for shorter tenures ranging from less than one year to three years. FDs can help you meet your short-term and long-term goals. The rate of interest is generally higher than a regular savings account.
