Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    We found 112 5 Years Fixed Deposit Interest Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 8% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.35% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 7.15% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.5% - 7.10% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.65% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6.25% - 6.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.35% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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  • Customer Reviews

    • HDFC Bank Fixed Deposit
      "Best"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the HDFC bank and the interest rate is common one with every bank like it used to get varied up to 0.5% . Penalty charges are nil with them for the premature withdraw, which is the really good one.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 22, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      When I have started to deposit the money I was getting good interest rate but know the rate of interest is decreased with SBI Fixed deposit. I have started the fixed deposit around 6 years ago with SBI. Initially I got around 9.5% as interest rate but now I am getting only 7.5% interest rate. The service with State is good.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 22, 2017
    • Canara Bank Fixed Deposit
      "Good"
      0.5 2.5/5 "Just OK"
      I am having the fixed deposit account with the Canara bank and the rate of interest is around 8.5%, which was very lesser one on that time. Total tenure is around three years of time, also the penalty charges are not really huge. Customer service is not really up to the mark.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • IDBI Fixed Deposit
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I would suggest IDBI bank is the best one to get the fixed because of the good rate of interest . Customer service is good one and am with them from the last three years of time. Penalty charges are lesser one with the m for the premature withdraw.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • ICICI Bank Fixed Deposit
      "Good Indian bank"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the ICICI bank and the interest rate is around 6.5% per annum , also the maturity period is also one year of time. Customer service is also a good one with the ICICI bank, also the response too. Online banking services are also working in good way and am very familiar with them till now.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 16, 2017
    • Axis Bank Fixed Deposit
      "Its good investment"
      0.5 4.5/5 "Excellent!"
      I have invested one lakh in fixed deposit with AXIS bank. Its going to matured in this august, Then I would be getting around Rs.1.12,000. I have opened this FD through online and I will be getting the amount same to my account. AXIS gave me premature withdrawal, I can close whenever I want.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2017
    • Canara Bank Fixed Deposit
      "For common man"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the Canara bank and am using it from the last ten years of time. Customer service aspects are good one with them and the online banking services are not really working in a good according the new generation bankers. The interest rate is around 7.25% as of now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2017
    • YES Bank Fixed Deposit
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Yes bank and the interest rate is around 6.5% above and the customer service is not yet experienced because everything used to dealt with through online experience. I have not faced any server down issues with the Yes bank.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jun 12, 2017
    • HDFC Bank Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the HDFC bank and the services are always an excellent one. I have opened the account on immediate basis like everything used to get happened in instant way. Rate of interest is around 6.5% and the response is an excellent one.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 09, 2017
    • Vijaya Bank Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Vijaya bank and the interest rate is around 6.5% and the customer service is good one , also they are nearby my locality and also the access is really friendly. Online services are good one with the Vijaya bank.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 09, 2017
    • Central Bank of India Fixed Deposit
      "Fund transfer"
      0.5 0.5/5 "Unacceptable"
      The worst banking system I have ever seen. if i want to transfer amt to other bank through IFSC they can't detect the bank or automatically logged out .if I want current statement they can't.net banking automatically logged out.if i go for pass book entry server down problem. if I go to ATM only 2k available etc...
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 01, 2017
    • SBI Fixed Deposit
      "Very good in services"
      0.5 5.0/5 "Blown Away!"
      When I wanted to open a fixed deposit account at State Bank of India. I did not have to visit the bank. I opened the account online and though the rate of interest is not that appealing. I am happy with the overall experience and process and the convenient banking process.
      Was this review helpful? 9
      , guwahati
      Reviewed on May 31, 2017
    • SBI Fixed Deposit
      "Convenient to Hold"
      0.5 4.0/5 "Great!"
      It has been two years when I opened fixed deposit with State bank of India. The period is for five years. Since I completed two years, three years to go. Interest rate is of 11%. Actually SBI is located near to my house so I feel more comfortable in visiting the bank at any instance. All the staffs are very friendly and very cooperative.
      Was this review helpful? 5
      , visakhapatnam
      Reviewed on May 25, 2017
    • SBI Fixed Deposit
      "Secured investment"
      0.5 5.0/5 "Blown Away!"
      Compared to other banks SBI offering good interest rate on fixed deposit, they offered me 7.95% of interest. I have the amount of Rs. 2.4 lakhs for the tenure of three years. After the maturity period I got the amount around 2.9 lakhs. I am very much fine with that.
      Was this review helpful? 4
      , hyderabad
      Reviewed on May 24, 2017
    • Karur Vysya Bank Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      I am having the fixed deposit account with the Karur Vysya bank and the account got opened within one to two days of time. Tenure is for five years of time and after that it will be get matured. Rate of interest was around 8.5% to 9% on that time with the tax redemption.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 23, 2017
    • Karnataka Bank Fixed Deposit
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I have an account for fixed deposit only with Karnataka bank. I have deposited around fifty five lakhs. I bank with Karnataka for more than twenty years, even my family members are having an account with the same bank. Their services are really good.
      Was this review helpful? 1
      , chennai
      Reviewed on May 22, 2017
    • ICICI Bank Fixed Deposit
      "Good one"
      0.5 3.5/5 "Pretty good"
      I have fixed deposit account with the ICICI bank and I got it from them because I had the salary account with them. Within two days of time fixed deposit account got opened and the maturity period is around one year of time. Interest rate is around 8% with them and am not that much happy with that. I would like to suggest that they can increase the rate of interest for the deposits.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Fixed Deposit
      "Too much of process involved"
      0.5 2.5/5 "Just OK"
      At other private bank a fixed deposit could be opened online and a customer does not have to visit the bank. In my case I had to visit State bank of India to open a fixed deposit and it has a lot of process involved. Like wise to close the same it is the same scenario.
      Was this review helpful? 6
      , pune
      Reviewed on May 10, 2017
    • SBI Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the State bank of India and the interest rate is around 6.2% for the tenure of five years of time. I have opened this account through online, so it got happened very immediately. Charges are nil with them and I can get the money withdrawal in fraction of seconds.
      Was this review helpful? 5
      , pondicherry
      Reviewed on May 09, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Long back I had Fixed deposit account with State bank of India. I selected the tenure period for six years. The bank had fixed a good rate of interest. At last I received the money with the promised interest amount. I am much satisfied with SBI for the FD service.
      Was this review helpful? 4
      , hyderabad
      Reviewed on May 09, 2017
    Common Loader Icon

    5 Years Fixed Deposit Interest Rates is Rated as "Excellent!" by 1751 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    Fixed Deposit BYTES FROM OUR KITCHEN

    5 Years Fixed Deposit Interest Rates

    Fixed deposits are one of the safest investment options available out there for individuals even if the returns on these are not guaranteed as interest rates keep changing. However, Fixed Deposits are still quite a popular option when it comes to investments. As the name suggests, this deposit is for a period of five years and an interest is added to the deposit. This deposit also qualifies for tax exemptions under Section 80C of the Income Tax Act of 1961.

    Key Features of Five Year Deposit Interest Rates

    • This deposit offers tax exemptions under Section 80C of the Income Tax Act.
    • A lock-in period of 5 years is offered in this type of deposit.
    • Individuals will not be permitted to withdraw their deposit before the maturity period.
    • Banks providing these deposit schemes decide the interest rate that is applicable for them.
    • Overdraft or sweep facility is not available for the same.
    • After a lock-in period of five years, individuals can renew their deposit account.
    • Interest earned under this account can be taxed, however.
    • Five Year Fixed Deposit Interest Rates
    • The rate of interest charged on a particular fixed deposit account is decided by the bank that is offering it. Interest rates on these accounts are compounded monthly/quarterly/half-yearly or yearly.

    Interest Rates for the Top Five Fixed Deposits in India – January, 2017

    Shriram City Union Finance (SCUF) FD for 5 Years

    Fixed Deposits at SCUF can earn investors an interest ranging between 8.42% per annum and 8.75% per annum, depending on their age. Senior citizens are entitled to earn 9% on their investment while all other depositors earn 8.75%, with the interest compounded annually.

    Shriram City Union Finance 5 Years FD Rates
    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounding at 7.95% Less than Rs.1 crore 5 years
    Compounding quarterly at 8.00% Less than Rs.1 crore 5 years
    Under half yearly compounding at 8.08% Less than Rs.1 crore 5 years
    Under yearly compounding at 8.25% Less than Rs.1 crore 5 years

    RBL Bank Fixed Deposit for 5 Years

    RBL Bank offers a number of options when it comes to FDs, with products catering to different requirements. The interest depends on the amount invested and the age of an individual, with the effective annualised interest being 8.77% for senior citizens and 8.24% for others. Amounts in excess of Rs.1 crore come with an interest rate of 8.51% for seniors and 7.98% for others, respectively.

    RBL Bank Fixed Deposit for 5 Years
    Interest Rate & Compounding Amount Invested Tenure
    Under yearly compounding at 7.70% Less than Rs.1 crore 5 years

    PNB Housing Finance Limited 5 Years FD

    Individuals who open a fixed deposit with PNB Housing Finance Limited stand a chance to earn interest ranging between 7.60% and 7.90% per annum for a 5 year term. Senior citizens are entitled to 0.25% per annum additionally while all others are eligible to maximum interest of 7.90%, with the interest compounded annually.

    PNB HFL Fixed Deposit for 5 Years
    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounding at 7.15% Less than Rs.1 crore 5 years
    Compounding quarterly at 7.20% Less than Rs.1 crore 5 years
    Under half yearly compounding at 7.30% Less than Rs.1 crore 5 years
    Under yearly compounding at 7.40% Less than Rs.1 crore 5 years

    Shriram Transport Finance Company Limited (STFCL) 5 Years FD

    A NBFC with excellent financial results, STFCL offers FDs which are highly rated. Interest on a 5 year FD stands at 8.75% per annum for senior citizens and 8.50% per annum for others (compounded annually).

    Shriram Finance Fixed Deposit for 5 Years
    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounding at 7.95% Less than Rs.1 crore 5 years
    Compounding quarterly at 8.00% Less than Rs.1 crore 5 years
    Under half yearly compounding at 8.08% Less than Rs.1 crore 5 years
    Under yearly compounding at 8.25% Less than Rs.1 crore 5 years

    LIC HFL Fixed Deposit for 5 Years Tenure

    A 5 year FD with LIC Housing Finance Limited can earn investors an interest ranging between 7.95% and 8.05% per annum. Senior citizens are eligible to earn a maximum of 8.05% on their FD, while all others earn 7.95%. Interest is compounded every year at LIC HFL.

    LIC HFL Fixed Deposit for 5 Years
    Interest Rate & Compounding Amount Invested Tenure
    Under yearly compounding at 7.95% Less than Rs.1 crore 5 years

    Calculation of Interest on Five Year Fixed Deposit

    Interest rates charged on a fixed deposit account will vary based on the bank offering it. Although they fall within a general percentage spectrum, the rates will vary slightly. These rates of interest will be compounded annually/semi-annually/quarterly or monthly. Generally, customers are advised to opt for a deposit wherein rates of interest are compounded monthly as these provide higher returns as compared to that of annual, semi-annual or quarterly deposits.

    For example, if a bank offers a rate of interest of 9.25% for a deposit that is being compounded yearly, then the same account, if being compounded quarterly, will provide an interest rate of 9%. Assuming the deposit value is Rs.2 lakhs, then a deposit account being compounded every quarter will provide a return of Rs.3.12 lakhs whereas a deposit being compounded yearly will provide a return of Rs.3.11 lakhs.

    Although interest rates are a deciding factor when it comes to deciding which bank to procure a 5 year fixed deposit scheme from, it should not overshadow other criteria. The frequency of interest compounding should also be considered while deciding on a particular scheme.

    Also, high rates of interest may or may not mean that the money will be safe. The reputation of the bank is also another factor that needs to be looked into. If individuals are applying for a fixed deposit for 5 years, then it is better they opt for a reliable bank or a reputed one. Individuals might also end up losing their money even if a slight mistake is made.

    Who can apply for the Five Year Fixed Deposit Scheme

    The following individuals can apply for a Five Year Fixed Deposit Scheme:

    • Indian residents who have a PAN card
    • NRIs
    • Senior Citizens

    Updated on January 2017

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