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Top 5 Banks Offering Up To 7.25% Returns On 3 Year Fixed Deposits

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Under the debt investment category, investing in fixed income instruments such as fixed deposits is a safe option for both normal and elderly residents. Fixed deposit investments provide a regular income stream depending on the deposit amount and maturity time chosen. Because of the historically low-interest rates on fixed deposits, it is preferable to invest in them for the short term. Here are the top 5 banks that are providing up to 7.25 percent on 3-year fixed deposits with DICGC deposit safety up to Rs 5 lakhs for investors with a low or zero risk appetite and a short-term objective of 3 years.

 

North East Small Finance Bank

North East Small Finance Bank

For a deposit amount of less than Rs 2 Cr, North East Small Finance Bank is now the only bank that is offering an interest rate of 6.75% to the regular public and 7.25% to senior citizens on 3-year deposits. With effect from 19th April 2021, the bank is promising the following interest rates on deposits of up to 3 years.

TenureInterest rates for regular citizens in % p.a.Interest rates for senior citizens in p.a.
7-14 Days33.5
15-29 Days33.5
30-45 Days33.5
46-90 Days3.54
91-180 Days44.5
181-365 Days55.5
366 days to 729 days6.757.25
730 days to less than 10956.757.25
Source: Bank Website  
Ujjivan Small Finance Bank
 

Ujjivan Small Finance Bank

For a deposit amount of less than Rs 2 Cr, Ujjivan Small Finance Bank is now promising the following interest rates on fixed deposits made by regular or senior citizens.

PeriodRegular FD Interest Rate (p.a.)Senior Citizen FD Interest Rate (p.a.)
7-14 days2.50%3.00%
15-60 days3.00%3.50%
61-90 days3.75%4.25%
91-180 days4.50%5.00%
181-364 days5.50%6.00%
1 Year[365 Days]6.25%6.75%
> 1 Year - 2 Years6.50%7.00%
>2 Years-3 Years6.50%7.00%
Source: Bank Website, Effective Date: 07/05/2021  
Jana Small Finance Bank

Jana Small Finance Bank

For interest rates on deposits of less than Rs 2 Cr, here are the most revised interest rates of Jana Small Finance Bank on deposits of up to 3 years.

TenureRegular FD Interest Rate (p.a.)Senior Citizen FD Interest Rate (p.a.)
7 - 14 days3.50%4.00%
15 - 29 days3.50%4.00%
30 - 45 days3.50%4.00%
46 - 62 days4.00%4.50%
63 - 90 days4.00%4.50%
91 - 120 days4.75%5.25%
121 - 180 days4.75%5.25%
181 - 210 days5.25%5.75%
211 - 270 days5.25%5.75%
271 - 364 days5.25%5.75%
1 year to 18 months6.35%6.85%
18 months 1 day to 2 years6.25%6.75%
2 years 1 day to 887 days6.35%6.85%
888 days6.50%7.00%
889 days to 3 years6.35%6.85%
Source: Bank Website, with effect from 1st June 2021  
Equitas Small Finance Bank

Equitas Small Finance Bank

Check the most recent interest rates on fixed deposits of 3 years for both regular and senior citizens.

TenureRegular FD Interest Rate (p.a.)Senior Citizen FD Interest Rate (p.a.)
7 Days to 29 Days2.90%3.40%
30 Days to 89 Days3.50%4.00%
90 Days to 179 Days4.25%4.75%
180 Days to 364 Days4.75%5.25%
1 Year to 2 Years6.00%6.50%
2 Years and 1 Day to 3 years6.50%7.00%
Source: Bank Website, with Effect from 16th August 2021  
Suryoday Small Finance Bank

Suryoday Small Finance Bank

For Fixed Deposit of amount of less than Rs 2 Cr, this small finance bank is promising an interest rate of 6.25% to the general public and 6.50% to senior citizens on deposits of less than 3 years. Here are the latest interest rates on fixed deposits of the bank.

PeriodInterest Rate (Per Annum)Senior Citizen FD Interest Rate (p.a.)
7 days to 14 days3.25%3.25%
15 days to 45 days3.25%3.25%
46 days to 90 days4.25%4.25%
91 days to 6 months4.75%4.75%
Above 6 months to 9 months5.25%5.25%
Above 9 months to less than 1 Year5.75%5.75%
1 Year to 1 Year 6 Months6.50%6.75%
Above 1 Year 6 Months to 2 Years6.50%6.75%
Above 2 Years to less than 3 Years6.25%6.50%
Source: Bank Website, (Effective: From September 09, 2021)  

Story first published: Wednesday, September 29, 2021, 15:01 [IST]
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