In a time of investment in Stocks and Mutual Funds, traditional investment tools are still effective. Bank FDs are one of the most subscribed investment options by the masses. When investing in FD, Interest Rate plays an important factor in the selection process. However, there are other factors as well as factors such as Bank, Lock-in-Periods, and risks. Although, the returns on FDs are not as high as mutual funds, but FDs are risk-free from market conditions, which is mutual funds are not.
These banks offers a high rate of interest on FDs i.e, 5-6% on a lock-in-period of 3 years for Domestic Deposits/NRO on deposit less than 2 Cr.
|Kotak Mahindra Bank||3 years and above upto and inclusive of 4 years||5.30%||5.80%||6th January 2022.|
|Yes Bank||3 Years upto 10 years||6.25%||7.00%||4th January 2022|
|IndusInd Bank||3 years upto 61 months||6.00%||6.50%||23rd July 2021|
|Axis Bank||3 years upto 5 years||5.40%||6.05%||14th December 2021|
|HDFC Bank||3 year 1 day upto 5 years||5.35%||5.85%||1st December 2021|
|Equitas SFB||3 years 1 day up to 4 years||5.75%||6.25%||1st October 2021|
- Some Bank allow premature withdrawal and some don't.
- Interest rates are subject to change at any time. The applicable interest rates will be provided as of the date/time of the bank's receipt of the funds.
- When scheduling an FD using NetBanking, please take notice of the real interest rate imposed on the "Confirm" screen.
- Visit the relevant bank's website or any of its branches to view the most up-to-date information on bank offers and changing FD interest rates.