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Top 5 Private Sector Banks Promising Best Interest Rates On FD In 2021

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Among risk-free instruments such as Treasury Bills or Government Bonds, fixed deposits are one of the most secure investment options as the returns are not only high but are also risk-free and allows investors to invest for a flexible tenure which generally ranges from 7 days to 10 years. Guaranteed returns, DICGC deposit insurance cover, and tax benefits of bank FDs have made them extremely appealing among debt investors with a low-risk tolerance capacity and those looking to accomplish short and long-term financial goals. Private sector banks are the ideal alternative to public sector banks for individuals looking for the highest interest rates on their fixed deposits. By considering the same, here we have picked up the top 5 private sector banks offering the highest returns on fixed deposits.

 

Yes Bank Fixed Deposit

Yes Bank Fixed Deposit

With a minimum investment of Rs 10,000 and a term ranging from 7 days to 10 years, one can open a fixed deposit account in Yes Bank. Yes Bank is presently providing the following interest rates on fixed deposits of less than Rs 2 crore, effective June 3, 2021.

TenureRegular FD RatesSenior Citizen FD 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 less than 6 months 4.50% 5.00%
6 months to less than 9 months 5.00% 5.50%
9 months to less than 1 Year 5.25% 5.75%
1 year less than 3 years 6.00% 6.50%
3 years to less than 5 years 6.25% 7.00%
5 years to less than equal to 10 years 6.50% 7.25%
Source: Bank Website

RBL Bank Fixed Deposit
 

RBL Bank Fixed Deposit

Fixed Deposit interest rates for Domestic, NRO, NRE, and Flexi Fixed Deposits as of July 02, 2021 are listed below.

TenureRegular FD RatesSenior Citizen FD Rates
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 5.40% 5.90%
12 months to less than 24 months 6.10% 6.60%
24 months to less than 36 months 6.10% 6.60%
36 months to less than 60 months 6.30% 6.80%
60 months to 60 months 1 day 6.50% 7.00%
60 months 2 days to less than 120 months 6.00% 6.50%
120 months to 240 months 6.00% 6.50%
Tax Savings Fixed Deposit (60 months) 6.50% 7.00%
Source: Bank Website

DCB Bank Fixed Deposi

DCB Bank Fixed Deposi

With effect from 15 May 2021, DCB Bank is offering the following interest rates to both regular and senior citizens.

TenureRegular FD RatesSenior Citizen FD Rates
7 days to 14 days 4.55% 5.05%
15 days to 45 days 4.55% 5.05%
46 days to 90 days 4.50% 5.00%
91 days to less than 6 months 5.25% 5.75%
6 months to less than 12 months 5.70% 6.20%
12 months to less than 15 months 5.80% 6.30%
15 months to less than 18 months 6.00% 6.50%
18 months to less than 700 days 6.00% 6.50%
700 days 6.40% 6.90%
More than 700 days to less than 36 months 6.00% 6.50%
36 months 6.50% 7.00%
More than 36 months to 60 months 6.50% 7.00%
More than 60 months to 120 months 6.50% 7.00%
Source: Bank Website

IndusInd Bank Fixed Deposit

IndusInd Bank Fixed Deposit

On deposits of less than Rs 2 crore, IndusInd Bank is offering the following interest rates as of July 23, 2021.

TenureRegular FD Rates In %Senior Citizen FD Rates In %
7 days to 14 days 2.50 3.00
15 days to 30 days 2.75 3.25
31 days to 45 days 3.00 3.50
46 days to 60 days 3.25 3.75
61 days to 90 days 3.40 3.90
91 days to 120 days 3.75 4.25
121 days to 180 days 4.25 4.75
181 days to 210 days 4.60 5.10
211 days to 269 days 4.75 5.25
270 days to 354 days 5.50 6.00
355 days to 364 days 5.50 6.00
1 year to below 1 Year 6 Months 6.00 6.50
1 Year 6 Months to below 1 Year 7 Months 6.00 6.50
1 Year 7 Months to below 2 Years 6.00 6.50
2 years to below 2 years 6 Months 6.00 6.50
2 years 6 months to below 2 years 9 Months 6.00 6.50
2 years 9 months upto 3 years 6.00 6.50
Above 3 years upto 61 months 6.00 6.50
61 months and above 5.50 6.00
Indus Tax Saver Scheme (5 years) 6.00 6.50
Source: Bank Website

IDFC First Bank Fixed Deposit

IDFC First Bank Fixed Deposit

IDFC First Bank is now offering the following card rates for domestic, NRE, and NRO deposits of less than INR 2 crores.

TenureRegular FD RatesSenior Citizen FD Rates
7 - 14 days 2.75% 3.25%
15 - 29 days 3.00% 3.50%
30 - 45 days 3.50% 4.00%
46 - 90 days 4.00% 4.50%
91 - 180 days 4.50% 5.00%
181 days - less than 1 year 5.25% 5.75%
1 year - 2 years 5.50% 6.00%
2 years 1 day - 3 years 5.75% 6.25%
3 years 1 day - 5 years 6.00% 6.50%
5 years 1 day - 10 years 5.75% 6.25%
Tax Saver Deposit (5 Years) 5.75% 6.25%
Source: Bank Website

Read more about: fd fixed deposit investment
Story first published: Wednesday, August 4, 2021, 10:09 [IST]
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