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  • Best FD Rates for 4 years in 2018

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    Best FD Rates for 4 years in 2018

    There are many high-interest yielding fixed deposit options for 4 years 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:

    Top 10 FD schemes for 4 years
    Bank/Company Regular FD Interest Rates (per annum) Senior Citizen FD Interest Rates (per annum)
    Mahaveer Bank 9.50% 10.00%
    KTDFC 8.00% 8.25%
    Shriram City Union Finance 7.90% 8.15%
    Nainital Bank 7.75% 8.25%
    IDFC 7.20% 7.70%
    ICICI Home Finance 7.10% 7.35%
    Lakshmi Vilas Bank (LVB) 7.15% 7.75%
    ESAF Small Finance Bank 7.00% 7.50%
    Deutsche Bank 7.00% 7.25%
    Janata Bank 7.00% 7.25%

    *Interest rates may be updated and revised from time to time

    Key highlights:

    • The best FD rate for a 4 year tenure is offered by Mahaveer Bank, which pays an attractive interest rate of 9.50% p.a.
    • For senior citizens investing in Mahaveer Bank, the interest rate is highly lucrative, at 10% p.a.
    • Most banks and financial institutions offer interest in the range of 7.00% p.a. to 9.50% p.a. for regular term deposits schemes
    • Those above 60 years are likely to earn interest in the range of 7.25% p.a. to 10% p.a.
    • Shriram City Union Finance and KTDFC also pay competitive interest rates of 7.90% p.a. to 8.00% p.a.

    Top 10 term deposits for 4 years

    1. Mahaveer Bank

    • Mahaveer Bank deposits are high-interest yielding, and for a tenure of 4 years, the bank pays more than 9% interest per annum
    • The bank offers monthly and quarterly interest payments schemes
    • The interest is compounded on a quarterly basis
    • Nomination and joint account facility available

    2. KTDFC

    • KTDFC pays a deposit rate of 8.00% p.a. for this tenure range
    • Those above 60 years can expect 8.25% p.a.
    • They offer monthly and quarterly schemes
    • TDS is applicable

    3. Shriram City Union Finance

    • All regular deposit holders can expect a rate of return of around 7.90% p.a.
    • The senior citizen deposit rate for a tenure of 4 years is 8.15% p.a.
    • They offer cumulative and non-cumulative deposit schemes
    • The minimum deposit amount is Rs.5,000

    4. Nainital Bank

    • An interest rate of 7.75% p.a is paid for an investment period of 4 years in Nainital Bank
    • For those who fall in the senior citizen age bracket, the rate applicable is 8.25% p.a.
    • In case of a withdrawal before the maturity period, the interest rate offered will be 1% less than the regular rate
    • Nomination and joint account facility available

    5. IDFC

    • IDFC pays a deposit rate of 7.20% p.a. for the said tenure
    • Senior citizens can avail a bank rate of 7.70% p.a.
    • Compound interest will be calculated and the interest will be re-invested each quarter
    • Monthly interest payout option available

    6. ICICI Home Finance

    • Attractive interest rates of above 7.00% p.a for both regular FD schemes and senior citizens fixed deposit accounts
    • Interest payment frequencies include monthly, quarterly and yearly
    • Both cumulative and non-cumulative plans available
    • All those who are above 60 years will get an additional interest rate of 0.25% p.a.

    7. LVB

    • LVB pays an interest rate of 7.15% p.a. for regular deposits
    • A bank rate of 7.75% p.a. is paid for those who fall in the above 60 years age bracket
    • Pre-closure charges will be applicable
    • In case of investments above Rs.1 crore, premature withdrawal charges will not be applicable

    8. ESAF Small Finance Bank

    • ESAF Small Finance Bank offers an interest rate of 7.00% p.a. for regular depositors
    • Senior citizens will get an additional 0.50% on all FD schemes
    • Nomination facility and joint account option is available
    • A wide range of FD schemes offered

    9. Deutsche Bank

    • Customers can avail up to 7.00% p.a. for a tenure of 4 years
    • For senior citizens Deutsche bank pays interest at the rate of 7.25% p.a.
    • Up to 95% of the FD amount can be taken as a loan/overdraft
    • Online booking option available

    10. Janata Bank

    • Janata Bank offers a wide range of FD options and for this tenure range the interest rate applicable is 7.00% p.a.
    • Those who are 60 years and above will be paid interest at the rate of 7.25% p.a.
    • Special FD schemes available for different tenure ranges
    • TDS applicable

    *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

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