Banks offering High Fixed Deposit Rates in India- Mar 2019

By | March 16, 2019

In this article, we cover some of the banks offering High Fixed deposit rates in India for specified tenure.

From last couple of months Fixed Deposit rates by various banks in India have been going up, since RBI has started hiking its key policy rates. We have few banks now offering High Fixed deposit rates in India.

This is good news for the investor who frequently invest in Fixed Deposit or for those who want to park their money in risk free financial instruments.

Also due to turbulent time in stock market from couple of months, returns are not great and investor are looking at alternative instruments to invest their saving. Fixed deposit can be a good option.

Fixed deposit rate are not market linked and are fixed by banks depending on the prevailing policy rates in the country announced by RBI.

The tenure of Fixed Deposit rate range generally from 10 days upto 10 years. One can plan to invest according to his needs/goals.(Short/Mid/Long Term)

Also in the recent budget announced in Feb 2019, you would not be charged a TDS for earning upto Rs 40,000 on Fixed deposits. Earlier it was upto Rs 10,000.

Now let us look the High Fixed Deposit Rates in India offered by various banks

For 1 year Tenure

8 % Interest rate is offered for tenure of 1 year by RBL Bank and Indusind Bank

7.75 % Interest rate is offered for tenure of 1 year by Lakhshmi Villas Bank

7.7 % Interest rate is offered for tenure of 1 year by Repco Bank

For 2 Year Tenure

8.25 % Interest rate is offered for tenure of 2 year by IDFC First Bank

8.05 % Interest rate is offered for tenure of 2 year by RBL Bank

8 % Interest rate is offered for tenure of 2 year by Detusche Bank

For 3 Year Tenure

8.05 % Interest rate is offered for tenure of 3 year by DCB Bank

7.85 % Interest rate is offered for tenure of 3 year by Lakshmi Villas Bank

7.6 % Interest rate is offered for tenure of 3 year by RBL Bank

For 4 Year Tenure

7.85 % Interest rate is offered for tenure of 4 year by Lakshmi villas Bank

7.75 % Interest rate is offered for tenure of 4 year by DCB  Bank

7.6 %   Interest rate is offered for tenure of 4 year by RBL  Bank

For 5 Year Tenure

8.25 % Interest rate is offered for tenure of 5 year by Deutsche Bank

7.85 % Interest rate is offered for tenure of 5 year by Lakshmi Villas Bank

7.75% Interest rate is offered for tenure of 5 year by DCB Bank

For latest FD rates of various banks Click Here

                         

 Highest FD rates offered by Banks for tenure of 1-5 years

High Fixed Deposit rates in India

                                                Source:Date Collected for website of various Banks

The highest returns offered by any bank in Fixed Deposit is 8.25 % for tenure of 2 years & 5 years by IDFC First Bank and Deutsche bank respectively.

In a nutshell, if you really want to enjoy high returns on Fixed Deposit, look for the upcoming new generation banks (few listed above) which are offering lucrative interest rate in order to tap the market share.

Disclaimer– Fixed Deposit rate vary from time to time. Confirm interest rate with bank before making your investments.

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Also read:5 Best Discount Brokers in India

Aslo read: 7 Best Debt Saving Instruments in India

 

 

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