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    Top 10 Fixed Deposit Schemes for 2 Years Tenures

    We found 111 Top 10 Fixed Deposit Schemes for 2 Years Tenures

    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% - 8.15% 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% - 6.9% 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% - 6.4% 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

    • 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? 0
      , 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? 0
      , 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? 0
      , 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? 0
      , 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? 0
      , 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? 3
      , 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? 4
      , 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? 3
      , hyderabad
      Reviewed on May 09, 2017
    • Bank of Baroda Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had Fixed Deposit account with Bank of Baroda about quite long back. The tenure period is six years and the fixed amount is four to five lakhs. The percentage of interest rate is quite good and they returned the money back with the promised interest amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 09, 2017
    • ICICI Bank Fixed Deposit
      "Average "
      0.5 2.0/5 "Expected more"
      I have withdrawn my fixed deposit account with the ICICI bank and the interest rate was around 7%. It took around one to two hours of time to open the account through online. There are no charges while withdrawing the amount , also it took around one month of time to get it.
      Was this review helpful? 1
      , pudukkottai
      Reviewed on May 08, 2017
    • IDBI Fixed Deposit
      "Very Responsive"
      0.5 4.0/5 "Great!"
      I deposited some amount with IDBI bank as a fixed deposit. Actually I deposited this amount for future savings also I will be getting some good interest rate at the end of the year. I got good support from the bank executives and they provided all the information regarding FD.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • YES Bank Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Yes bank have some banking issues with them I believe. I have savings account, recurring and fixed deposit account with them. I never received quick response from the bank. But the bank is good for my fixed deposit account. Simply I opened an account with them and getting better service on it.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • Kotak Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have savings account with Kotak Mahindra bank. Even I have fixed deposit account as well. The period of FD is for one year. The bank is assigned relationship manager for me as I have so many accounts with them. I got good response from them for my FD. 1 years, 1years, relationship manager
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Satisfactory Service"
      0.5 5.0/5 "Blown Away!"
      Even I have fixed deposit with State bank of India. The tenure period is one year. I deposit certain amount with them as their interest rate is good and incomparable. SBI gives good response to the people and they are very supportive as well. I have no issues with SBI.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • Punjab National Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit with Punjab National Bank. I have deposited ceratin amount on my account. I got good response from the bank when I opened FD. The bank was so supportive and they provided all the information regarding FD. The interest rates too are pretty attractive.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Average "
      0.5 1.0/5 "Really Bad"
      I had invested in fixed deposit with the State bank of India and the interest rate is very less like its around 7.15%, also the returns are also very less, which will be also applicable with the tax. Services provided by them is really not good and I would like to suggest that they need to provide the customer service in a much better way.
      Was this review helpful? 2
      , bhopal
      Reviewed on May 03, 2017
    • SBI Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      In terms of interest rate and everything State Bank of India is fine to have the fixed deposit and the service aspects are working fine with them. I am having this account from the last six to seven years of time and the response is always very good with the State Bank of India.
      Was this review helpful? 2
      , mundra
      Reviewed on May 03, 2017
    • HDFC Bank Fixed Deposit
      "Excellent to Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the HDFC bank and the interest rate is differed according to the offers. All of my deposits will be taken care by my relationship manager. Total tenure is around five years of time and its a kind of small deposits. Net banking services are an excellent one with them.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 26, 2017
    • Punjab National Bank Fixed Deposit
      "Customer service should be good and unique for everyone"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the Fixed deposit and they have provided around 8.5% as interest rate. Services are perfect one for me and I do have good relationship with them because my relatives are working there. Net banking services are also working good and they are started to exhibit most of the services there.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Apr 26, 2017
    • Axis Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit account with the Axis bank and the minimum tenure is around five years of time. Response is a good one with them and everything was done through online. Net banking services are working in an excellent way and it is really wonderful.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 25, 2017
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    Top 10 Fixed Deposit Schemes for 2 Years Tenures is Rated as "Excellent!" by 1739 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Overview

    Mobilizing idle savings into the economy and providing a rate of returns which works for the investor as well as the bank / NBFC / institution that’s providing investment services has been made possible by Fixed Deposits. FDs, as they’re also known, are incredibly popular in India, where there is a larger base of people who value the idea of saving more than spending. Savings don’t grow on their own and fixed deposits are among the most viable options for most Indians, who don’t mind a lower rate of return in exchange for security of their funds. Interest on these types of investments are usually compounded monthly, quarterly, half-yearly or even yearly. Interest rates vary depending on various factors like tenure, total amount invested, compounding frequency, etc. Fixed deposits can be taken for various tenures and offer good returns on investment – as good as can be allowed without causing an inflated economy or overburdening the investors with greater returns.

    Top 10 Fixed Deposit Schemes for 2 Year Tenure

    Listed below are some of the best schemes for a 2 years tenure.

    RBL Bank Fixed Deposit for 2 Years

    One of the least advertised but most trusted private sector banks in India – RBL Bank – offers a range of options for fixed deposits in terms of tenure. The interest rate is 8.25% for deposits up to 2 years. Senior citizens get a preferential interest rate of 9.04% depending on the amount invested, for the same tenure. The bank offers 5 different FD plans.

    Interest Rate & Compounding Amount Invested Tenure
    Compounded at 7.75% Less than Rs.1 crore 2 years

    Shriram City Union 2 Years Fixed Deposit

    Shriram City Finance, an NBFC, is among the most successful and trusted fixed deposit providers in the country. Interest rates provided by this FD provider are 8.33% under the half-yearly compounding system, and 8.50% under the yearly compounding system. There are other tenures and scheme options, above rates are for a tenure of 2 years.

    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounded at 7.58% Less than Rs.1 crore 2 years
    Under quarterly compounded at 7.63% Less than Rs.1 crore 2 years
    Under half-yearly compounded at 7.70% Less than Rs.1 crore 2 years
    Under annually compounded at 7.85% Less than Rs.1 crore 2 years

    Bandhan Bank Two Years Fixed Deposit

    Bandhan bank offers 2 FD schemes, differing based on various factors and that can be chosen depending on the customer’s requirement. Frequency of interest compounding can be chosen as either monthly or quarterly, and the interest rate is 8.00% for the tenure of 2 years.

    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounding at 7.50% Less than Rs.1 crore 2 years
    Under quarterly compounding at 8.00% Less than Rs.1 crore 2 years

    Indian Post Office FD for 2 Years

    The Indian Post Office fixed deposits are among the most widely available in India. The post office’s interest rate is slightly lower compared to most banks and NBFCs, but is arguably the most trustworthy and reliable place in which to park your funds. Interest is compounded quarterly, but paid out annually, and is currently being offered at 7.2% for a tenure of 2 years.

    Interest Rate & Compounding Amount Invested Tenure
    Under quarterly compounding at 7.1% Less than Rs.1 crore 2 years

    LIC Housing 2 Years Fixed Deposit

    The LIC Housing Finance Company has been rated FAAA by CRISIL, and offers interest rates on par with most banks and leading NBFCs for deposits of a 2 year tenure. Senior citizens are offered an additional interest rate of 0.10% on top of the advertised interest rate which is 7.90% for fixed deposits of a 2 year tenure. Interest compounds annually only.

    Interest Rate & Compounding Amount Invested Tenure
    Under annual compounding at 7.90% Less than Rs.1 crore 2 years

    Shriram Transport Finance Company 2 Years FD

    This is an NBFC that’s expanded its operations from offering financing for those that require transportation related assets and has moved into deposits, etc. Interest can be compounded in these deposits on a monthly, quarterly, half-yearly, and yearly basis. Interest rates offered are 7.81% for monthly compounding, 7.86% for quarterly compounding, 7.94% for half-yearly compounding, and 8.10% for annual compounding.

    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounding at 7.58% Less than Rs.1 crore 2 years
    Under quarterly compounding at 7.63% Less than Rs.1 crore 2 years
    Under half-yearly compounding at 7.70% Less than Rs.1 crore 2 years
    Under yearly compounding at 7.85% Less than Rs.1 crore 2 years

    Mahindra Finance Fixed Deposit for 2 Years

    This private NBFC provides higher interest rates than most banks, and has been around long enough to be widely considered a trusted name in personal finance. Senior citizens get an additional 0.25% on the interest rate through Mahindra finance. Mahindra Finance offers 7.85% interest on its 2 year tenure fixed deposits. Interest is compounded either quarterly or half-yearly.

    Interest Rate & Compounding Amount Invested Tenure
    Under quarterly compounding at 7.75% Less than Rs.1 crore 2 years
    Under half-yearly compounding at 7.85% Less than Rs.1 crore 2 years

    Sundaram Finance FD for Two Years

    Another very successful and widely trusted NBFC that offers fixed deposits is the Sundaram Finance NBFC. The deposits can be made for a tenure of one year and interest is compounded monthly at the rate of 7.70%, and quarterly at the rate of 7.75% both for tenures of 2 years. Investors are offered the choice of having interest compounded monthly or quarterly.

    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounding at 7.85% Less than Rs.1 crore 2 years
    Under quarterly compounding at 7.75% Less than Rs.1 crore 2 years

    ICICI Home Finance2 Years FD

    The minimum deposit tenure offered by the ICICI Housing Finance Company is 1 year. Interest can be compounded annually, quarterly, or monthly. The current interest rates are 7.65% for the monthly compounding option, 7.70% for the quarterly compounding option, and 7.90% for the annual compounding option for a tenure of 2 years.

    Interest Rate & Compounding Amount Invested Tenure
    Under monthly compounding at 7.90% Less than Rs.1 crore 2 years
    Under quarterly compounding at 7.70% Less than Rs.1 crore 2 years
    Under annual compounding at 7.65% Less than Rs.1 crore 2 years

    IndusInd Bank Fixed Deposit for 2 Years

    One of the better options to take a fixed deposit out from a private sector bank is the IndusInd Bank. Investors in this FD can make partial withdrawals from their accounts. The interest rate currently is 7.35% for 2 year tenure, which is lower than most other deposits, but comes from an institution that’s been rated as one of the most trustworthy and reliable in this kind of business.

    Interest Rate & Compounding Amount Invested Tenure
    Under annual compounding at 7.37% Less than Rs.1 crore 2 years

    Updated on January, 2017

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