5 Best 1-3 Year Fixed Deposits To Invest

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

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.

Banks	Regular FD Rates	Senior Citizen FD Rates	W.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

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.

Banks	Regular FD Rates	Senior Citizen FD Rates	W.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

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

Banks	Regular FD Rates	Senior Citizen FD Rates	W.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