Latest News
-
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps -
Gold Prices India: 24K/100 Grams Yellow Metal Falls By Rs 3800, 24K/10 Grams Down By Rs 380 -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak -
Mukesh Ambani Led JioCinema Slashes Premium Subscription Prices; IPL Live Stream Remains Free -
Strong Listing: Vodafone Idea FPO Soars In Debut, Shares Rebound; KM Birla Lauds Success -
JPMorgan CEO Jamie Dimon Hails PM Modi's Economic Reforms, Urges US to Follow Suit; Details -
Rs. 60/Share Dividend: Record Date On 28 June; Buy The Bajaj Group Stock For 600% Payout? -
Intraday Trade Call: Day Trading Stock Picks By Chandan Taparia Of Motilal Oswal On Thurday, 25 April
Top 5 Private Sector Banks Promising Best Interest Rates On FD In 2021
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
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.
| Tenure | Regular FD Rates | Senior 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
Fixed Deposit interest rates for Domestic, NRO, NRE, and Flexi Fixed Deposits as of July 02, 2021 are listed below.
| Tenure | Regular FD Rates | Senior 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
With effect from 15 May 2021, DCB Bank is offering the following interest rates to both regular and senior citizens.
| Tenure | Regular FD Rates | Senior 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
On deposits of less than Rs 2 crore, IndusInd Bank is offering the following interest rates as of July 23, 2021.
| Tenure | Regular 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 is now offering the following card rates for domestic, NRE, and NRO deposits of less than INR 2 crores.
| Tenure | Regular FD Rates | Senior 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 |
