Fixed Deposit, sometimes referred to as FD, is a safe and reliable investment option that many people. If you’re considering investing in a Fixed Deposit, this article is here to assist you in comparing the prevailing interest rates offered by various banks. Additionally, you’ll gain insights into the specific interest you can expect to earn over periods of 1 year, 2 years, 3 years, and 5 years, including the senior deposit rate. So let’s dive in and demystify the world of Fixed Deposits!
1 Year Fixed Deposit Interest Rates
List of Top 5 Banks offering best fixed deposit interest rates for 1 year in 2023
| Bank | Interest Rates | What Rs 10,000 will grow to you | Interest Rates for Senior citizens | What Rs 10,000 will grow to you |
|---|---|---|---|---|
| IndusInd Bank | 7.50% | 10,771 | 8.25% | 10,851 |
| RBL | 7.50% | 10,771 | 8.00% | 10,824 |
| Yes Bank | 7.25% | 10,745 | 7.75% | 10,798 |
| Bandhan Bank | 7.25% | 10,745 | 7.75% | 10,798 |
| DCB Bank | 7.15% | 10,734 | 7.65% | 10,787 |
2 Years of Fixed Deposit Interest Rates
List of Top 5 Banks Offering Highest Fixed Deposit Interest Rates for Investments in 2 years in 2023.
| Bank | Interest Rates | What Rs 10,000 will grow to you | Interest Rates for Senior citizens | What Rs 10,000 will grow to you |
|---|---|---|---|---|
| RBL | 8.00% | 11,717 | 8.25% | 11,774 |
| IDFC First Bank | 7.75% | 11,659 | 8.25% | 11,774 |
| DCB Bank | 7.55% | 11,614 | 8.05% | 11,728 |
| IndusInd Bank | 7.50% | 11,602 | 8.00% | 11,717 |
| Bandhan Bank | 7.25% | 11,545 | 7.75% | 11,659 |
3 Years of Fixed Deposit Interest Rates
List of Top 5 Banks Offering Highest Fixed Deposit Interest Rates for 3 Years Investment in 2023.
| Bank | Interest Rates | What Rs 10,000 will grow to you | Interest Rates for Senior citizens | What Rs 10,000 will grow to you |
|---|---|---|---|---|
| DCB Bank | 7.60% | 12,534 | 8.10% | 12,720 |
| RBL Bank | 7.50% | 12,497 | 8.00% | 12,682 |
| Bandhan Bank | 7.25% | 12,405 | 8.00% | 12,682 |
| Bank of Baroda | 7.25% | 12,405 | 8.00% | 12,682 |
| IDFC First Bank | 7.25% | 12,405 | 7.75% | 12,589 |
5 Years of Fixed Deposit Interest Rates
List of Top 5 Banks Offering Highest FD Interest Rates in 2023 for Invest of 5 years
| Bank | Interest Rates | What Rs 10,000 will grow to you | Interest Rates for Senior citizens | What Rs 10,000 will grow to you |
|---|---|---|---|---|
| DCB Bank | 7.40% | 14,428 | 8.00% | 14,859 |
| IndusInd Bank | 7.25% | 14,323 | 8.00% | 14,859 |
| Yes Bank | 7.25% | 14,323 | 7.90% | 14,787 |
| RBL Bank | 7.10% | 14,217 | 7.75% | 14,678 |
| Axis Bank | 7.00% | 14,148 | 7.60% | 13,301 |
