5 best fixed deposits from 3 to 5 years to invest



Investment

oi-Vipul Das

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One of the most popular investment options is Fixed Deposit (FD). FD banks are preferred by many investors over mutual funds because they are considered to be more secure. Unlike mutual funds, a FD bank’s return is fixed and determined at the point of investment. The minimum and maximum conditions under which an FD can be maintained differ from bank to bank. FDs can generally be maintained for a minimum of seven days and a ten-year limit depending on one’s needs. So, if you are ready to invest in fixed deposits for sure returns, here are the 5 banks that are currently promising higher interest rates.

5 best fixed deposits from 3 to 5 years to invest

3-year fixed deposits

If you are looking to invest for the medium term, here are the 5 banks that are currently promising higher returns on 3-year deposits to ordinary citizens and seniors.

Banks Regular FD rates FD Senior Citizen Rate Wef
Suryoday Small Finance Bank 7.00% 7.50% 15.02.2021
Ujjivan Small Finance Bank 6.75% 7.25% 05.03.2021
Equitas Small Finance Bank 6.65% 7.15% 25.01.2021
DCB Bank 6.50% 7.00% 15.05.2021
IndusInd Bank 6.50% 7.00% 04/26/2021
Source: banking websites, for deposits up to Rs 2 Cr

5-year fixed deposits

Below are the 5 banks that offer higher yields of 5-year deposits to ordinary citizens and seniors.

Banks Regular FD rates FD Senior Citizen Rate Wef
Suryoday Small Finance Bank 7.25% 7.75% 15.02.2021
Ujjivan Small Finance Bank 6.75% 7.25% 05.03.2021
RBL Bank 6.60% 7.10% 07.05.2021
Yes Bank 6.50% 7.25% 10.05.2021
DCB Bank 6.50% 7.00% 15.05.2021
Source: banking websites, for deposits up to Rs 2 Cr

Conclusion

An investor’s risk tolerance standard influences their investment choices. Higher returns often come with higher risk, which can mean risking a large amount of money in the future if the market turns against you. An optimal investment portfolio is a combination of risky and risk-free securities that is tailored to an individual’s risk management ability and risk appetite. When it comes to risk-free investments and guaranteed returns, fixed deposit investments are a safe bet. It not only guarantees secure returns, but it also ensures that your deposits are covered by DICGC.



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