Top 4 Private Sector Banks Offering Returns Over 6% On Fixed Deposits of 2 Years

A fixed deposit investment is ideal if you want to put your money in a place where you can earn fixed returns in the form of regular income. Fixed deposits have maturities ranging from 7 days to 10 years, making them an appealing investment option for achieving your short, medium, and long-term goals. The applicable interest rates are paid out on a cumulative, quarterly, and monthly basis, and the rate varies according to the tenure selected by you. Debt investors with a zero risk tolerance potential who want to earn higher returns in the short term, let's assume two years, here are the top three private sector banks offering risk-free rates of up to 6.50 percent on fixed deposits maturing in two years or less than 2 years.

RBL Bank

RBL Bank is currently providing the interest rates stated below for Domestic, NRO, NRE, and Flexi Fixed Deposits of less than Rs 3 Cr maturing in 2 years.

Period of deposit	Interest Rates p.a.	Senior Citizen Interest Rates p.a.
7 days to 14 days	3.25%	3.75%
15 days to 45 days	3.75%	4.25%
46 days to 90 days	4.00%	4.50%
91 days to 180 days	4.50%	5.00%
181 days to 240 days	5.00%	5.50%
241 days to 364 days	5.25%	5.75%
12 months to less than 24 months	6.00%	6.50%
Source: Bank Website, W.e.f. September 01, 2021

IndusInd Bank

IndusInd Bank is now offering the following interest rates on Domestic/NRO/NRE/Senior Citizen Fixed Deposits maturing in two years.

Tenure	Regular Interest Rates In % (p.a.)	Senior Citizen Interest Rates In % p.a.
7 days to 14 days	2.5	3
15 days to 30 days	2.75	3.25
31 days to 45 days	3	3.5
46 days to 60 days	3.25	3.75
61 days to 90 days	3.4	3.9
91 days to 120 days	3.75	4.25
121 days to 180 days	4.25	4.75
181 days to 210 days	4.6	5.1
211 days to 269 days	4.75	5.25
270 days to 354 days	5.5	6
355 days to 364 days	5.5	6
1 year to below 1 Year 6 Months	6	6.5
1 Year 6 Months to below 1 Year 7 Months	6	6.5
1 Year 7 Months to below 2 Years	6	6.5
Source: Bank Website, W.e.f. July 23rd, 2021

Yes Bank

On resident term deposits of less than Rs 2 crore maturing within the next two years. Depositors at Yes Bank can earn the interest rates as shown below.

Period	Regular Interest Rates	Senior Citizen Interest Rates
7 to 14 days	3.25%	3.75%
15 to 45 days	3.50%	4.00%
46 to 90 days	4.00%	4.50%
3 months to < 6 months	4.50%	5.00%
6 months to < 9 months	5.00%	5.50%
9 months to < 1 Year	5.25%	5.75%
1 year < 18 Months	5.75%	6.25%
18 Months to < 3 years	6.00%	6.50%
Source: Bank Website, W.e.f 5th August 2021

Bandhan Bank

Bandhan Bank is providing the following interest rates on Retail Domestic / Non-Resident Rupee Term Deposits of less than Rs 2 Cr maturing in 2 years to both regular and senior persons.

Period	Regular Interest Rates	Senior Citizen Interest Rates
7 days to 14 days	3.00%	3.75%
15 days to 30 days	3.00%	3.75%
31 days to Less than 2 months	3.50%	4.25%
2 months to less than 3 months	3.50%	4.25%
3 months to less than 6 months	3.50%	4.25%
6 months to less than 1 year	4.50%	5.25%
1 year to 18 months	5.50%	6.25%
Above 18 months to less than 2 years	5.50%	6.25%
Source: Bank Website, W.e.f. June 7, 2021