• Best FD Rates offered for a 4-year tenure in 2021

    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.

    Best 2021 FD Interest Rates for Below Rs.2 Crore for 4-Year Tenure

    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.)
    KTDFC 5.75% 6.00%
    Shriram City Union Finance 9.26% 9.66%
    Nainital Bank 5.35% 5.75%
    IDFC 4.50% 5.00%
    ICICI Home Finance 5.95% 6.20%
    Lakshmi Vilas Bank (LVB) 5.50% 6.00%
    ESAF Small Finance Bank 6.00% 6.50%
    Deutsche Bank 6.00% 6.00%
    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

    4- years FD Key highlights:

    • The best FD interest rate for a 4-year tenure is offered by Sriram City Union Finance, which pays an attractive interest rate of 9.26% p.a. to general citizens.
    • For senior citizens investing in Sriram City Union Finance, the interest rate is highly lucrative, at 9.66% p.a.
    • Most banks and financial institutions offer interest in the range of 4.50% p.a. to 9.26% p.a. when it comes to 4-year term deposits for general citizens.
    • Those above 60 years of age can earn additional interest in the range of 5.00% p.a. to 9.66% p.a.

    Top 10 term deposits for 4 years

    1. KTDFC
      • KTDFC pays an interest of 5.75% p.a. to the general citizens for a FD opened for 4 years.
      • Senior citizens are offered an interest rate of 6.00% p.a.
      • The NBFC offers monthly and quarterly schemes
      • TDS is applicable on the FD schemes offered by KTDFC
    2. Shriram City Union Finance
      • For investing in the four-year tenure, general citizens are offered an interest rate of 9.26% p.a.
      • The interest rate offered to senior citizens by the NBFC is 9.66% p.a.
      • Cumulative and non-cumulative deposit schemes are provided
      • The minimum deposit amount is Rs.5,000
    3. Nainital Bank
      • For an investment period of 4 years, Nainital Bank offers an interest of 5.35% p.a. to general citizens
      • 5.75% p.a. is provided to those who fall in the senior citizen age bracket.
      • In case of premature withdrawal, the interest rate offered is 1% less than the regular rate
      • Nomination and joint account facility provided by the bank
    4. IDFC
      • IDFC pays an interest of 4.50% p.a. for the 4-year tenure to general citizens
      • Senior citizens are provided 5.00% p.a.
      • Compound interest is calculated, and the interest is re-invested each quarter
      • The bank provides the option of monthly interest payout
    5. ICICI Home Finance
      • Attractive interest rates of above 6.80% p.a. for the general public and 7.05% for the senior citizens is provided for investing in the 4-year FDs
      • Interest payment frequencies include monthly, quarterly and yearly
      • Both cumulative and non-cumulative plans available
    6. LVB
      • LVB pays an interest rate of 5.50% p.a. to general citizens
      • Those who fall in the above 60 years age bracket are provided 6.00% p.a.
      • Pre-closure charges are applicable
      • In case of investments above Rs.1 crore, premature withdrawal charges are not applicable
    7. ESAF Small Finance Bank
      • ESAF Small Finance Bank offer an interest rate of 6.00% p.a. to the general public
      • Senior citizens will get an interest rate of 6.50%
      • Nomination facility and joint account option is available
      • A wide range of FD schemes offered
    8. Deutsche Bank
      • Customers, both the regular public and senior citizens, can avail up to 6.00% p.a. for a FD having a 4-year tenure
      • Up to 95% of the FD amount can be taken as a loan/overdraft
      • Online booking option available
    9. Janata Sahakari Bank Ltd
      • Janata Bank offers a wide range of FD options
      • The interest rate is 5.65% p.a. for the general public and 6.15% p.a. for senior citizens for the 4-year tenure
      • Special FD schemes available for different tenure ranges
      • TDS applicable
    10. Punjab and Sind Bank
      • The rate of interest paid on Punjab and Sind Bank FDs for a 4-year tenure is 5.30% p.a.
      • Individuals who fall in the senior citizen bracket can earn an interest rate of 5.80% p.a.

    *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

    Frequently Asked Questions (FAQs)

    1. Is there a nomination facility available for fixed deposits?

      Yes, most banks offer a nomination facility for fixed deposit accounts.

    2. Do senior citizens get an additional interest rate for 4-year tenure fixed deposits?

      Yes, most banks do offer additional interest rates for senior citizens for the 4-year tenure fixed deposits as well.

    3. What does a cumulative or reinvestment FD mean?

      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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