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

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

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.

Tenure	Interest rates for regular citizens in % p.a.	Interest rates for senior citizens in p.a.
7-14 Days	3	3.5
15-29 Days	3	3.5
30-45 Days	3	3.5
46-90 Days	3.5	4
91-180 Days	4	4.5
181-365 Days	5	5.5
366 days to 729 days	6.75	7.25
730 days to less than 1095	6.75	7.25
Source: Bank Website

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.

Period	Regular FD Interest Rate (p.a.)	Senior Citizen FD Interest Rate (p.a.)
7-14 days	2.50%	3.00%
15-60 days	3.00%	3.50%
61-90 days	3.75%	4.25%
91-180 days	4.50%	5.00%
181-364 days	5.50%	6.00%
1 Year[365 Days]	6.25%	6.75%
> 1 Year - 2 Years	6.50%	7.00%
>2 Years-3 Years	6.50%	7.00%
Source: Bank Website, Effective Date: 07/05/2021

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.

Tenure	Regular FD Interest Rate (p.a.)	Senior Citizen FD Interest Rate (p.a.)
7 - 14 days	3.50%	4.00%
15 - 29 days	3.50%	4.00%
30 - 45 days	3.50%	4.00%
46 - 62 days	4.00%	4.50%
63 - 90 days	4.00%	4.50%
91 - 120 days	4.75%	5.25%
121 - 180 days	4.75%	5.25%
181 - 210 days	5.25%	5.75%
211 - 270 days	5.25%	5.75%
271 - 364 days	5.25%	5.75%
1 year to 18 months	6.35%	6.85%
18 months 1 day to 2 years	6.25%	6.75%
2 years 1 day to 887 days	6.35%	6.85%
888 days	6.50%	7.00%
889 days to 3 years	6.35%	6.85%
Source: Bank Website, with effect from 1st June 2021

Equitas Small Finance Bank

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

Tenure	Regular FD Interest Rate (p.a.)	Senior Citizen FD Interest Rate (p.a.)
7 Days to 29 Days	2.90%	3.40%
30 Days to 89 Days	3.50%	4.00%
90 Days to 179 Days	4.25%	4.75%
180 Days to 364 Days	4.75%	5.25%
1 Year to 2 Years	6.00%	6.50%
2 Years and 1 Day to 3 years	6.50%	7.00%
Source: Bank Website, with Effect from 16th August 2021

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.

Period	Interest Rate (Per Annum)	Senior Citizen FD Interest Rate (p.a.)
7 days to 14 days	3.25%	3.25%
15 days to 45 days	3.25%	3.25%
46 days to 90 days	4.25%	4.25%
91 days to 6 months	4.75%	4.75%
Above 6 months to 9 months	5.25%	5.25%
Above 9 months to less than 1 Year	5.75%	5.75%
1 Year to 1 Year 6 Months	6.50%	6.75%
Above 1 Year 6 Months to 2 Years	6.50%	6.75%
Above 2 Years to less than 3 Years	6.25%	6.50%
Source: Bank Website, (Effective: From September 09, 2021)