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Planning to invest in fixed deposits? Check 5 banks offering higher returns on 5-year FDs
Here's the list of banks offering highest interest rates on fixed deposits:
IndusInd Bank
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IndusInd Bank is offering Indus Tax Saver Scheme (5 years) providing a 6.50%.
RBL Bank
Investors can get a 6.30% interest rate with RBL Bank’s 5 years fixed deposits.
DCB Bank
DCB Bank is currently offering an interest rate of 6.25% on fixed deposit investments maturing in five years.
IDFC First Bank
IDFC First Bank is also offering a higher interest rate at 6.25% on term deposits with a maturity period of five years.
Karur Vysya Bank
Investors can get interest rates at 5.80% on Karur Vysya Bank FDs with 5 year maturity period.
Banks that have increased FD interest rates
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.
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