At the bank FD rates in 2021, top banks for 1 year FDs are Dena Bank, Jana Small Finance Bank as they offer highest interest rate of 6.75% on regular term deposits. For 5 year FD, Jana Small Finance Bank should be your top choice as it’s rate of interest is maximum at 7.00%.
1 year FD 6.75% Dena Bank, Jana Small Finance Bank
2 year FD 7.00% Jana Small Finance Bank
3 year FD 7.00% Jana Small Finance Bank
5 year FD 7.00% Jana Small Finance Bank
Current 1 Year FD Rates
Latest one year FD rates range from 4.50% to 6.75%. Dena Bank, Jana Small Finance Bank have the highest interest rate of 6.75% for a one year fixed deposit. If you are looking to open a 1 year FD, do a comparison of top 5 banks with highest 1 year rates on FDs as on 02 Feb 2021.
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Highest 1 Year FD Rates as on 02 Feb 2021
Banks 1 Year FD Rate
Jana Small Finance Bank 6.75%
Dena Bank 6.75%
IndusInd Bank 6.50%
RBL Bank 6.50%
Yes Bank 6.50%
Today’s FD Rate for 2 Years
Current 2 year FD rates range from 4.75% to 7.00%. Jana Small Finance Bank offer the highest interest rate of 7.00% for 2 year fixed deposit.
Highest 2 Year FD Rates as on 02 Feb 2021
Banks 2 Year FD Rate
Jana Small Finance Bank 7.00%
IndusInd Bank 6.50%
RBL Bank 6.50%
Yes Bank 6.50%
Ujjivan Small Finance Bank 6.50%
Latest FD Rate for 3 Years
As on 02 Feb 2021, 3 year interest rate on fixed deposits range from 4.75% to 7.00%. Jana Small Finance Bank has the best rate of 7.00% for 3 year fixed deposit.
Highest 3 Year FD Rates as on 02 Feb 2021
Banks 3 Year FD Rate
Jana Small Finance Bank 7.00%
Equitas Small Finance Bank 6.65%
Yes Bank 6.50%
Ujjivan Small Finance Bank 6.05%
Karur Vysya Bank 5.65%
Fixed Deposit Interest Rates for Senior Citizens
Highest FD rate for Senior Citizens is currently at 8.00% offered by IDFC Bank for 36 Months to 366 Days to 2 Years . Banks FD Interest offered to senior citizens is typically 25-75 basis points higher than corresponding rates on regular FDs other individuals. Senior citizens are required to submit their age proof to be eligible for higher rates on Senior Citizens FD
- Age of senior citizen should be 60 or more on the date of investment.
- Tenure on senior citizens FD is between 7 days to 10 years in most of the banks.
- Senior citizens FDs earn 2.50% to 7.75% higher interest compared to regular deposit rates.
- Loans against FDs are available on senior citizen FD.
- Penalties are applicable in case of premature withdrawal of FDs of senior citizens as applicable to other regular accounts.
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