Planning to invest in fixed deposits? Check 5 banks offering higher returns on 5-year FDs

IndusInd Bank is offering Indus Tax Saver Scheme (5 years) providing a 6.50%.

Investors can get a 6.30% interest rate with RBL Bank’s 5 years fixed deposits. 

DCB Bank is currently offering an interest rate of 6.25% on fixed deposit investments maturing in five years.

IDFC First Bank is also offering a higher interest rate at 6.25% on term deposits with a maturity period of five years.

Investors can get interest rates at 5.80% on Karur Vysya Bank FDs with 5 year maturity period.

Bandhan Bank, Kotak Mahindra, Jana Small Finance, Bank of Baroda, and ICICI Bank are among the few banks that have increased interest rates on fixed deposits -- a move that will attract more investors towards FD investments.