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Top 10 Banks Offering Best Returns On 3 To 5 Year Fixed Deposits In 2021

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Savings accounts, liquid funds, short-term funds, fixed deposits, fixed maturity plans, treasury bills, post office time deposit account, direct equity, recurring deposits, arbitrage funds, and so on are the most favored alternatives for short-term financial objectives of 3 years or longer. To achieve the highest results, we recommend that investors and our readers stay invested in short-term instruments for 3 to 5 years; as a consequence, we have not considered the liquidity aspect here. However, we have considered here assured returns, deposit safety up to Rs 5 lakhs offered by DICGC, additional returns to senior citizens, and picked up fixed deposit instruments for investors with risk-free appetite. As a result, here we have compiled the top 10 banks that are now offering the best interest rates on fixed deposits (below Rs 2 Cr) of 3 to 5 years to both regular and senior citizens.

 

Top 10 Small Finance Banks Offering Good Returns On 3 To 5 Year Fixed Deposits
 

Top 10 Small Finance Banks Offering Good Returns On 3 To 5 Year Fixed Deposits

For opening a fixed deposit account for 3 to 5 years, here are the top 10 small finance banks offering the best returns to both regular and senior citizens.

Sr No.BanksRegular FD RatesSenior Citizen FD RatesTenureW.e.f.
1 North East Small Finance Bank 7.25% 7.75% 3 years to 5 years April 19, 2021
2 Ujjivan Small Finance Bank 6.75% 7.25% 3 Years and 1 Day to 5 Years March 5, 2021
3 Jana Small Finance Bank 6.75% 7.25% 3 Years to less than 5 Years 07.05.2021
4 Suryoday Small Finance Bank 6.75% 6.75% Above 3 Years to less than 5 Years June 21, 2021
5 Fincare Small Finance Bank 6.25% 6.75% 36 months to 59 months 29 July 2021
6 Equitas Small Finance Bank 6.25% 6.75% 3 years to 5 years June 1, 2021
7 Utkarsh Small Finance Bank 6.00% 6.50% 701 Days to 3652 Days 1 July 2021
8 Capital Small Finance Bank 6.00% 6.50% 1 Year to less than 5 Years June 3, 2021
9 AU Small Finance Bank 6.00% 6.50% 36 months to 60 months June 23, 2021
10 ESAF Small Finance Bank 5.75% 6.25% 3 Years to less than 5 Years 01.08.2021
Source: Bank Websites

Top 10 Private Sector Banks Providing Best Interest Rates On 3 To 5 Year Fixed Deposits

Top 10 Private Sector Banks Providing Best Interest Rates On 3 To 5 Year Fixed Deposits

On fixed deposits of 3 to 5 years, here are the top 10 private sector banks providing higher interest rates to both regular and senior citizens.

Sr No.BanksRegular FD RatesSenior Citizen FD RatesTenureW.e.f.
1 DCB Bank 6.50% 7.00% More than 36 months to 60 months May 15, 2021
2 RBL Bank 6.30% 6.80% 36 months to less than 60 months July 2, 2021
3 Yes Bank 6.25% 7.00% 3 years to less than 5 years June 3, 2021
4 IndusInd Bank 6.00% 6.50% Above 3 years upto 61 months July 23, 2021
5 IDFC First Bank 6.00% 6.50% 3 years 1 day - 5 years May 1, 2021
6 Axis Bank 5.40% 5.90% 3 years to less than 5 years 22.06.2021
7 ICICI Bank 5.35% 5.85% 3 years 1 day to 5 years October 21, 2020
8 HDFC Bank 5.30% 5.80% 3 year 1 day- 5 years May 21, 2021
9 Bandhan Bank 5.25% 6.00% 3 years to less than 5 years June 7, 2021
10 Kotak Mahindra Bank 5.20% 5.70% 3 years to less than 5 years July 23, 2021
Source: Bank Websites

Top 10 Public Sector Banks Promising Higher Interest Rates On 3 to 5 Year Fixed Deposits

Top 10 Public Sector Banks Promising Higher Interest Rates On 3 to 5 Year Fixed Deposits

For a deposit amount of less than Rs 2 Cr, here are the top 10 government banks promising higher returns on 3 to 5 year fixed deposits to both regular and senior citizens.

Sr No.BanksRegular FD RatesSenior Citizen FD RatesTenureW.e.f.
1 Union Bank 5.50% 6.00% 3 years to 5 years 09.07.2021
2 Canara Bank 5.50% 6.00% 3 years & above to less than 5 years 08.02.2021
3 State Bank of India 5.30% 5.80% 3 years to less than 5 years 08.01.2021
4 Punjab & Sind Bank 5.30% 5.80% 3 Years - 5 Years 16.05.021
5 IDBI Bank 5.30% 5.80% 3 years to less than 5 years July 14, 2021
6 Bank of Baroda 5.25% 5.75% Above 3 Years and upto 5 Years 16.11.2020
7 Punjab National Bank 5.25% 5.75% Above 3 year & upto 5 years 01.08.2021
8 Indian Bank 5.25% 5.75% 3 years to less than 5 years 05.02.2021
9 Indian Overseas Bank 5.20% 5.70% 3 Years and Above 09.11.2020
10 Central Bank of India 5.00% 5.50% 3 years to less than 5 years 10.07.2021
Source: Bank Websites

Read more about: fd fixed deposit investment
Story first published: Wednesday, August 4, 2021, 16:56 [IST]
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