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Fixed Deposit: Compare The Latest Interest Rates Of Govt And Private Banks On 3-5 Year FD

BankBazaar.com logo BankBazaar.com 18-01-2021 Team BankBazaar
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Fixed deposits are low-risk investment instruments where your money gets locked-in for a defined period. They are a popular investment option for many as the returns are guaranteed. The tenure for FD investment normally ranges from 7 days to 10 years. You can choose the tenure as per your liquidity requirement. In case you are planning to invest in a 3-5 Year FD, take a look at the latest interest rates of government and private banks.

Bank’s Name Interest Rate On 3-5 Years FD
PUBLIC SECTOR BANKS
Bank of Maharashtra 4.9
Bank of Baroda 5.25
Bank of India 5.3
Canara Bank 5.5
Central Bank of India 5.1
IDBI Bank 5.1
Indian Bank  5.15
Indian Overseas Bank 5.2
Punjab National Bank 5.3
Punjab & Sind Bank 5.25
State Bank of India 5.4
UCO Bank 5
Union Bank 5.55
PRIVATE BANKS
Axis Bank 5.5
Bandhan Bank 5.65
Catholic Syrian 5.25
City Union Bank 5.5
DCB Bank 6.75
Dhanlaxmi Bank 5.5
Federal Bank 5.5
HDFC Bank 5.3
ICICI Bank 5.35
IDFC First Bank 5.75
IndusInd Bank 6.5
J & K Bank 5.3
Karnataka Bank 5.55
Kotak Bank 4.75
Karur Vysya Bank 6
RBL Bank 6.75
South Indian Bank 5.5
Tamilnad Mercantile Bank 5.5
TNSC Bank 6
Yes Bank 6.75

Data compiled by BankBazaar.com from respective banks’ website on Jan 15, 2021. For each year range, the maximum offered interest rate is considered; interest rate is for a normal fixed deposit amount below ₹1 crore.

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