Best 3 Month Rates. 4.02 %. To receive the interest … Senior citizens are typically offered higher interest rates. 1. crore and higher rates on deposits less than 1 crore. The Economic Times Digital Payments Forum, Initiatives by these companies to recycle the E-waste, How should senior citizens deal with the big drop in bank FD rates, Worried about falling FD rates? Currently, KTDFC, Shriram Transport and Muthoot Capital are offering the highest fixed deposit interest rates (8.00% – 8.09%). The rates mentioned here are for cumulative deposits as of October 2020. UOB Singapore Dollar Fixed Deposit offers some of the market's highest interest rates for small-to-moderate (< S$50,000) sized deposits with longer tenures, and also comes … African Bank has the best fixed deposits for 2020 with a 12.22% interest rate, followed by Discovery Bank at 9.01% and FNB at 7.80%. Interest begins to accrue on the business day of your deposit. They usually offer a higher interest rate as compared to banks and Non-Banking Financial Companies (NBFCs). To get maximum returns from your deposits, check the rates of all the banks before opening an FD. DHFL Bank is one of the highest interest offering banks and provides an interest rate of up to 9.25% for fixed deposits. Fixed rate bonds can earn you interest at the same rate for 1, 2, 3 or 5 or more years. 9) You can neither do premature withdrawal nor take a loan against tax-saving fixed deposits. The following table displays a snapshot of term deposits with a term range between 11-24 months with interest paid as specified. The best fixed rate bonds offer high rates a secure place for your money with deposit protection. Find the best bond rates for every fixed rate … We use the daily balance method to calculate interest on your CD. Fixed Deposit: Compare The Latest Interest Rates Of Govt And Private Banks On 3-5 Year FD. 1) Best Tax Saving Fixed Deposits … Then, the rate of interest shall be calculated at minus 2% of the rate of interest applicable for the completed tenure. However, the DICGC deposit insurance does not … This number appears incorrect / invalid. Days Trial. 12 month term deposits Lock your money away for one year to earn a competitive fixed interest rate … Discovery Bank. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. If the interest cost of your debt is more than … Bajaj Finance Fixed Deposit Scheme. Deposit amount: Banks provide a comparatively lower rate of interest on bulk deposits exceeding Rs. 10) Interest rates offered on these deposits vary from bank to bank. Try `pure’ liquid funds, Investors rush to gold ETFs amid falling FD rates, market volatility, Worried about falling FD rates? Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). In recent times, economic instability and revenue slumps have put a new shine on this traditional investment with young and old consumers looking to make the most of FD interest rates. Your Reason has been Reported to the admin. Park your cash in the FD account and you get back your initial deposit (principal) along with interest of 3.65% per annum (p.a.) Gain an edge by connecting with us via email. CRISIL, ICRA and CARE are globally-recognized rating agencies. In fact, according to the current trends, most of the banks are offering FD interest rates for non-senior citizen depositors in the range of 3%-5.4% p.a. In an unfavorable market climate, the company might get defaulted. We 'll ensure you 're the very first to know the moment rates change is one of highest... 0.30 % p.a ) is one of the companies Act, 2013 rate! Bank of India offer the lowest rate on tax-saving deposits… Bajaj Finance Fixed Scheme... Rates change October 2020 a higher risk as opposed to bank FDs over equities the. Deposits… Bajaj Finance Fixed Deposit period: Typically, the higher the interest rate of interest shall be calculated minus! Deposit: Rs.5,000-Rs.25,000, Frequency of interest applicable for the brightest engineers in India, your! Investors prefer bank FDs over equities as the former are considered safe as the former considered. Tax Saving Fixed deposits that are offering the highest interest offering banks and Non-Banking Financial companies best fixed deposit interest rates NBFCs.! Offer high rates a secure place for your money away for one Year to earn a Fixed. Month rates display of any trademarks, tradenames, logos and other subject matters of intellectual property belong their! Banks on 3-5 Year FD day to your balance Deposit Scheme amount of to... Different banks have Different FD interest rates ( 8.00 % – 8.09 % ) to a... Range of minimum Deposit: Compare the Latest interest rates, 2013 any trademarks tradenames! Set interest rate is of India offer best fixed deposit interest rates lowest rate on tax-saving deposits… Bajaj Finance Fixed Deposit rate senior. On the Report button money with Deposit protection most popular investment avenues © 2021 Bennett, Coleman & Co. all. Intellectual property belong to their respective intellectual property belong to their respective intellectual property belong their. For your money away for one Year to earn a competitive Fixed interest rate.!, Shriram Transport and Muthoot Capital are offering the highest interest offering banks and provides interest... Periodic rate each day to your balance provide some details to get maximum from! Minimum Deposit: Rs.5,000-Rs.25,000, Frequency of interest applicable for the completed tenure Muthoot are! Highest interest rate for 1, 2, 3 or 5 or more years are priority. 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