Top 5 Banks Promising Best Returns On 3-Year FDs To Regular & Senior Citizens

Fixed deposits are generally advisable to debt investors who have zero risk tolerance capacity and want assured returns on their deposits when it comes to a decent investment bet where interest rates are not influenced by market fluctuations. Investors may park a fixed amount of up to Rs 2 crore in fixed deposits and pick a maturity duration of 7 days to 10 years based on their particular financial goals. Fixed deposits, in addition to having a flexible tenure and risk-free returns, are also covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to Rs 5 lakhs, which makes fixed deposits a must in your portfolio no matter you are a regular or senior citizen. As said before, fixed deposits have a flexible tenure. If you want to open a fixed deposit account for 3-year, here are the top five private sector banks offering the best returns on three-year fixed deposits of less than Rs 2 crore.

RBL Bank

RBL Bank is giving an interest rate of 6.30 percent to the general public and 6.80 percent to senior citizens on deposits of less than Rs 2 crore maturing in three years. Here are the bank's current interest rates on fixed deposits for a period of up to three years.

Period of deposit	Interest Rates p.a.	Senior Citizen Interest Rates p.a.
7 days to 14 days	3.25%	3.75%
15 days to 45 days	3.75%	4.25%
46 days to 90 days	4.00%	4.50%
91 days to 180 days	4.50%	5.00%
181 days to 240 days	5.00%	5.50%
241 days to 364 days	5.25%	5.75%
12 months to less than 24 months	6.00%	6.50%
24 months to less than 36 months	6.00%	6.50%
36 months to less than 60 months	6.30%	6.80%
Source: Bank Website. W.e.f. 1st September 2021

YES Bank

On deposits of less than Rs 2 crore maturing in three years, Yes Bank is offering a 6.25 percent interest rate to the general public and a 7.00 percent interest rate to elderly folks. The bank's current interest rates on fixed deposits for up to three years are listed below.

Period	Regular	Senior Citizens
7 to 14 days	3.25%	3.75%
15 to 45 days	3.50%	4.00%
46 to 90 days	4.00%	4.50%
3 months to < 6 months	4.50%	5.00%
6 months to < 9 months	5.00%	5.50%
9 months to < 1 Year	5.25%	5.75%
1 Year to < 3 years	6.00%	6.50%
3 Years to <= 10 years	6.25%	7.00%
Source: Bank Website. W.e.f. 3rd November, 2021

IndusInd Bank

IndusInd Bank is granting a 6% interest rate to the general public, and a 6.50 percent interest rate to the elderly on their deposits of less than Rs 2 crore maturing in three years. The current interest rates on fixed deposits with the bank for up to three years are shown below.

Tenure	Rate for Regular Citizens (% per annum)	Rate for Senior Citizens (% per annum)
7 days to 14 days	2.5	3
15 days to 30 days	2.75	3.25
31 days to 45 days	3	3.5
46 days to 60 days	3.25	3.75
61 days to 90 days	3.4	3.9
91 days to 120 days	3.75	4.25
121 days to 180 days	4.25	4.75
181 days to 210 days	4.6	5.1
211 days to 269 days	4.75	5.25
270 days to 354 days	5.5	6
355 days to 364 days	5.5	6
1 Year to below 1 Year 6 Months	6	6.5
1 Year 6 Months to below 1 Year 7 Months	6	6.5
1 Year 7 Months to below 2 Years	6	6.5
2 years to below 2 years 6 Months	6	6.5
2 years 6 Months to below 2 years 9 Months	6	6.5
2 years 9 months upto 3 years	6	6.5
Above 3 years upto 61 months	6	6.5
Source: Bank Website. W.e.f. July 23rd, 2021

DCB Bank

On deposits of less than Rs 2 crore maturing in three years, DCB Bank is providing 5.95 percent to the general public and 6.45 percent to senior persons. The bank's current interest rates on fixed deposits for up to three years are listed below.

Tenure	Rate for Regular Citizens (% per annum)	Rate for Senior Citizens (% per annum)
7 days to 14 days	4.35%	4.85%
15 days to 45 days	4.35%	4.85%
46 days to 90 days	4.35%	4.85%
91 days to less than 6 months	5.05%	5.55%
6 months to less than 12 months	5.45%	5.95%
12 months	5.55%	6.05%
More than 12 months to less than 15 months	5.30%	5.80%
15 months to less than 18 months	5.50%	6.00%
18 months to less than 700 days	5.50%	6.00%
700 days	5.95%	6.45%
More than 700 days to less than 36 months	5.50%	6.00%
36 months	5.95%	6.45%
Source: Bank Website. W.e.f. 02nd November 2021

Bandhan Bank

Bandhan Bank is offering 5.50 percent to the general public and 6.25 percent to senior citizens on deposits of less than Rs 2 crore maturing in three years. The bank's most recent fixed deposit interest rates for up to three years are mentioned below.

Tenure	Rate for Regular Citizens (% per annum)	Rate for Senior Citizens (% per annum)
7 days to 14 days	3.00%	3.75%
15 days to 30 days	3.00%	3.75%
31 days to Less than 2 months	3.50%	4.25%
2 months to less than 3 months	3.50%	4.25%
3 months to less than 6 months	3.50%	4.25%
6 months to less than 1 year	4.50%	5.25%
1 year to 18 months	5.50%	6.25%
Above 18 months to less than 2 years	5.50%	6.25%
2 years to less than 3 years	5.50%	6.25%
Source: Bank Website. W.e.f. June 7, 2021