Top 10 FD Rates for 4 Years

Overview

Fixed Deposits are a safe and reliable investment instrument, offering decent return on investment. Flexible tenures and multiple interest options have made them a preferred choice among all sections of the population. While there aren’t many drawbacks of a FD, individuals who are looking for the best returns would need to be aware about the benefits offered by multiple banks/NBFCs, ensuring that they choose one which matches their financial aspirations.

Top 10 Fixed Deposit Schemes for 4 Years Tenure:

Listed below are some of the best schemes for a 4 years tenure.

1. Shriram City Union Finance (SCUF) FD for 4 Years

   SCUF is an NBFC which offers fixed deposits with variable term options. The interest for a 4 year term is 9% per annum for senior citizens and 8.75% per annum for others (compounded annually).

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	9% per annum	2.82 lakhs
   2 lakhs	8.75% per annum	2.79 lakhs

2. RBL Bank 4 Years Fixed Deposit

   With a host of Fixed Deposits on offer, RBL Bank ensures that individuals can find a FD which suits their needs. The effective annualised interest on these FDs ranges between 8.77% and 9.31% per annum. While senior citizens are entitled to 9.31% on their investment, all others stand a chance to earn an interest of 8.77%.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	8.77% per annum	2.8 lakhs
   2 lakhs	9.31% per annum	2.9 lakhs

3. PNB Housing Finance Limited FD for 4 Years

   A 4 year FD at PNB Housing Finance Limited comes at attractive interest rates, with these deposits having a FAAA rating from CRISIL. An interest of 8.50% per annum is offered to senior citizens, while it is 8.25% for all others. Interest is compounded annually at these rates.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	8.25% per annum	2.7 lakhs
   2 lakhs	8.50% per annum	2.8 lakhs

4. Shriram Transport Finance Company Limited 4 Years FD

   Shriram Finance offers a 4 year FD under its Transport Finance arm, with the interest fixed at 8.75% per annum for the general public and 9% per annum for senior citizens. Interest for these rates is compounded annually.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	8.75% per annum	2.8 lakhs
   2 lakhs	9% per annum	2.82 lakhs

5. Bandhan Bank Fixed Deposit for Four Years

   One of the latest entrants into the banking world, Bandhan Bank has established itself as a top service provider. A 4 year FD with the bank will earn an interest of 8% per annum (8.50% for senior citizens). Interest is typically compounded every quarter at Bandhan Bank.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	8% per annum	2.74 lakhs
   2 lakhs	8.50% per annum	2.8 lakhs

6. Mahindra Finance Fixed Deposit for 4 Years

   FDs offered by Mahindra Finance have a FAAA CRISIL rating, making them a popular choice among individuals looking for NBFC FDs. A 4 year FD earns an interest of 8.45% per annum, compounded annually. Senior citizens are entitled to an interest of 8.70% per annum.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	8.45% per annum	2.76 lakhs
   2 lakhs	8.70% per annum	2.8 lakhs

7. HDFC Fixed Deposit for 4 Years Tenure

   HDFC offers FDs with flexible terms, with a 4 year FD earning an interest of 8.00% for senior citizens and 7.50% for others, with the interest compounded every quarter.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	7.50% per annum	2.70 lakhs
   2 lakhs	8.00% per annum	2.74 lakhs

8. ICICI Home Finance 4 Years Fixed Deposit

   A 4 year FD with ICICI Home Finance will earn an interest of 8.25% per annum (8.50% for senior citizens). Interest is compounded annually, offering decent returns on investment.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	8.25% per annum	2.74 lakhs
   2 lakhs	8.50% per annum	2.77 lakhs

9. Jammu and Kashmir Bank Four Year Fixed Deposit

   Opening a fixed deposit with Jammu and Kashmir Bank can earn individuals an interest of 7.60% per annum on their four year deposit. In case of senior citizens, this interest becomes 8.10% per annum.

   The table below highlights the returns on an investment of Rs.2 lakhs.

   Investment (Rs)	Interest Rate	Return after 4 years (Rs)
   2 lakhs	7.60% per annum	2.68 lakhs
   2 lakhs	8.10% per annum	2.73 lakhs

10. Lakshmi Vilas Bank (LVB) Fixed Deposit for Four Year

    A 4 year FD with LVB will earn accountholders an interest of 7.90% per annum. Senior citizens are entitled to 8.40% on their investment, making LVB a viable and practical option to invest in.

    The table below highlights the returns on an investment of Rs.2 lakhs.

    Investment (Rs)	Interest Rate	Return after 4 years (Rs)
    2 lakhs	7.90% per annum	2.71 lakhs
    2 lakhs	8.40% per annum	2.77 lakhs

Note: All interest rates mentioned above are as of June, 2016 and are subject to change without prior intimation. The bank/NBFC reserves the right to modify these rates at their discretion. All amounts mentioned here are indicative and could vary from actual amount. Individuals are advised to check prevailing rates while opening a FD.

Updated on 22 June ‘16