There are many high-interests yielding fixed deposit options when it comes to 4-year tenures in the market. Compared to 1-year, 2-year or 3-year deposits, 4-year fixed deposits are more likely to provide higher returns in some cases. Let us explore some of the FDs that offer the highest rates of interest.
Given below are 10 of the best fixed deposits for a tenure of 4 years - Last Updated on 19 Oct 2021:
|Highest Interest rates offered of FDs opened for 4 years in 2021|
|Bank/Company||FD Interest rates for General Public (p.a.)||FD Interest rates for Senior Citizens (p.a.)|
|Shriram City Union Finance||9.26%||9.66%|
|ICICI Home Finance||5.95%||6.20%|
|Lakshmi Vilas Bank (LVB)||5.50%||6.00%|
|ESAF Small Finance Bank||6.00%||6.50%|
|Janata Sahakari Bank Ltd||5.65%||6.15%|
|Punjab and Sind Bank||5.30%||5.80%|
*Interest rates are revised by banks and NBFCs from time to time
*Please note that all interest rates for senior citizens will be higher. As per the discretion of the bank, a certain higher percentage of interest will be provided for senior citizens.
* All interest rates may be subject to change
Yes, most banks offer a nomination facility for fixed deposit accounts.
Yes, most banks do offer additional interest rates for senior citizens for the 4-year tenure fixed deposits as well.
A cumulative or reinvestment type of fixed deposit is one in which there is no interest payout before maturity; instead, the interest is compounded on a quarterly basis and is reinvested with the principal amount and the total amount is paid out when the FD matures.
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