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5 Best 1-3 Year Fixed Deposits To Invest

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Fixed deposits in banks are considered to be among the safest investment alternatives since they are not affected by market fluctuations. Investors can put a large sum of money into a fixed deposit, which provides guaranteed returns in the form of interest rates. Investors have the option of receiving their payouts in a variety of ways. For example, if an investor wants the money to satisfy their regular expenditures, he or she can select the non-cumulative option or can have the principal amount plus interest at the time of maturity through the cumulative option. Normally fixed deposits come with a tenure starting from 7 days to 10 years. But if you have short term goals and want to invest in fixed deposits, let's say about 1 to 3 years, then you are in the right place. Here we have compiled the top 5 banks which are currently giving higher interest rates on 1 to 3 year fixed deposits.

 

1 Year Fixed Deposits

1 Year Fixed Deposits

Below are the top 5 banks which are currently promising higher returns in 1 year fixed deposits for a deposit amount of less than Rs 2 Cr.

BanksRegular FD RatesSenior Citizen FD RatesW.e.f.
IndusInd Bank 6.50% 7.00% 26.04.2021
Ujjivan Small Finance Bank 6.50% 7.00% 05.03.2021
Equitas Small Finance Bank 6.50% 7.00% 25.01.2021
Suryoday Small Finance Bank 6.25% 6.75% 15.02.2021
RBL Bank 6.25% 6.75% 07.05.2021
Source: Bank Websites

2 Year Fixed Deposits
 

2 Year Fixed Deposits

The top 5 banks now offering higher returns on two-year fixed deposits for a deposit amount of less than Rs 2 crore are listed below.

BanksRegular FD RatesSenior Citizen FD RatesW.e.f.
Suryoday Small Finance Bank 6.75% 7.25% 15.02.2021
IndusInd Bank 6.50% 7.00% 26.04.2021
Ujjivan Small Finance Bank 6.50% 7.00% 05.03.2021
Jana Small Finance Bank 6.50% 7.00% 07.05.2021
Equitas Small Finance Bank 6.40% 6.90% 25.01.2021
Source: Bank Websites

3 Year Fixed Deposits

3 Year Fixed Deposits

The top five banks that are currently giving higher returns on three-year fixed deposits for deposits under Rs 2 crore are given below.

BanksRegular FD RatesSenior Citizen FD RatesW.e.f.
Suryoday Small Finance Bank 7.00% 7.50% 15.02.2021
Ujjivan Small Finance Bank 6.75% 7.25% 05.03.2021
Equitas Small Finance Bank 6.65% 7.15% 25.01.2021
DCB Bank 6.50% 7.00% 15.05.2021
IndusInd Bank 6.50% 7.00% 26.04.2021
Source: Bank Websites

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