Top 10 Banks Offering Best Returns On 3 To 5 Year Fixed Deposits In 2021

Savings accounts, liquid funds, short-term funds, fixed deposits, fixed maturity plans, treasury bills, post office time deposit account, direct equity, recurring deposits, arbitrage funds, and so on are the most favored alternatives for short-term financial objectives of 3 years or longer. To achieve the highest results, we recommend that investors and our readers stay invested in short-term instruments for 3 to 5 years; as a consequence, we have not considered the liquidity aspect here. However, we have considered here assured returns, deposit safety up to Rs 5 lakhs offered by DICGC, additional returns to senior citizens, and picked up fixed deposit instruments for investors with risk-free appetite. As a result, here we have compiled the top 10 banks that are now offering the best interest rates on fixed deposits (below Rs 2 Cr) of 3 to 5 years to both regular and senior citizens.

Top 10 Small Finance Banks Offering Good Returns On 3 To 5 Year Fixed Deposits

For opening a fixed deposit account for 3 to 5 years, here are the top 10 small finance banks offering the best returns to both regular and senior citizens.

Sr No.	Banks	Regular FD Rates	Senior Citizen FD Rates	Tenure	W.e.f.
1	North East Small Finance Bank	7.25%	7.75%	3 years to 5 years	April 19, 2021
2	Ujjivan Small Finance Bank	6.75%	7.25%	3 Years and 1 Day to 5 Years	March 5, 2021
3	Jana Small Finance Bank	6.75%	7.25%	3 Years to less than 5 Years	07.05.2021
4	Suryoday Small Finance Bank	6.75%	6.75%	Above 3 Years to less than 5 Years	June 21, 2021
5	Fincare Small Finance Bank	6.25%	6.75%	36 months to 59 months	29 July 2021
6	Equitas Small Finance Bank	6.25%	6.75%	3 years to 5 years	June 1, 2021
7	Utkarsh Small Finance Bank	6.00%	6.50%	701 Days to 3652 Days	1 July 2021
8	Capital Small Finance Bank	6.00%	6.50%	1 Year to less than 5 Years	June 3, 2021
9	AU Small Finance Bank	6.00%	6.50%	36 months to 60 months	June 23, 2021
10	ESAF Small Finance Bank	5.75%	6.25%	3 Years to less than 5 Years	01.08.2021
Source: Bank Websites

Top 10 Private Sector Banks Providing Best Interest Rates On 3 To 5 Year Fixed Deposits

On fixed deposits of 3 to 5 years, here are the top 10 private sector banks providing higher interest rates to both regular and senior citizens.

Sr No.	Banks	Regular FD Rates	Senior Citizen FD Rates	Tenure	W.e.f.
1	DCB Bank	6.50%	7.00%	More than 36 months to 60 months	May 15, 2021
2	RBL Bank	6.30%	6.80%	36 months to less than 60 months	July 2, 2021
3	Yes Bank	6.25%	7.00%	3 years to less than 5 years	June 3, 2021
4	IndusInd Bank	6.00%	6.50%	Above 3 years upto 61 months	July 23, 2021
5	IDFC First Bank	6.00%	6.50%	3 years 1 day - 5 years	May 1, 2021
6	Axis Bank	5.40%	5.90%	3 years to less than 5 years	22.06.2021
7	ICICI Bank	5.35%	5.85%	3 years 1 day to 5 years	October 21, 2020
8	HDFC Bank	5.30%	5.80%	3 year 1 day- 5 years	May 21, 2021
9	Bandhan Bank	5.25%	6.00%	3 years to less than 5 years	June 7, 2021
10	Kotak Mahindra Bank	5.20%	5.70%	3 years to less than 5 years	July 23, 2021
Source: Bank Websites

Top 10 Public Sector Banks Promising Higher Interest Rates On 3 to 5 Year Fixed Deposits

For a deposit amount of less than Rs 2 Cr, here are the top 10 government banks promising higher returns on 3 to 5 year fixed deposits to both regular and senior citizens.

Sr No.	Banks	Regular FD Rates	Senior Citizen FD Rates	Tenure	W.e.f.
1	Union Bank	5.50%	6.00%	3 years to 5 years	09.07.2021
2	Canara Bank	5.50%	6.00%	3 years & above to less than 5 years	08.02.2021
3	State Bank of India	5.30%	5.80%	3 years to less than 5 years	08.01.2021
4	Punjab & Sind Bank	5.30%	5.80%	3 Years - 5 Years	16.05.021
5	IDBI Bank	5.30%	5.80%	3 years to less than 5 years	July 14, 2021
6	Bank of Baroda	5.25%	5.75%	Above 3 Years and upto 5 Years	16.11.2020
7	Punjab National Bank	5.25%	5.75%	Above 3 year & upto 5 years	01.08.2021
8	Indian Bank	5.25%	5.75%	3 years to less than 5 years	05.02.2021
9	Indian Overseas Bank	5.20%	5.70%	3 Years and Above	09.11.2020
10	Central Bank of India	5.00%	5.50%	3 years to less than 5 years	10.07.2021
Source: Bank Websites