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  • Best FD Rates For 3 Years 2019

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    Best FD Rates For 3 Years 2019

    Many banks are offering good interest rates on 3-year fixed deposits. In fact, in many cases, the interest earned on 3-year deposits are much higher when compared to 1-year or 2-year tenures. In this page, readers can get information about the best fixed deposits for 3 years in the market.

    Given below are 10 of the best fixed deposit schemes with a 3-year tenure in 2019:

    Top 10 3-year FDs for 2019
    Bank/Company Regular Interest Rate (per annum) Senior Citizen Interest Rate (per annum)
    Fincare Small Finance Bank 9.00% 9.50%
    KTDFC 8.25% 8.50%
    Shriram City 7.85% 8.10%
    Mahindra Finance 7.55% 7.80%
    Sundaram Finance 7.21% 7.70%
    Lakshmi Vilas Bank (LVB) 7.15% 7.75%
    ICICI Home Finance 7.10% 7.35%
    Yes Bank (Special Rates) 7.00% 7.50%
    ICICI Bank 6.50% 7.00%
    HDFC Bank 6.00% 6.50%

    *Interest rates are subject to change and will be revised from time to time

    3-year Fixed Deposit key highlights

    • Fincare Small Finance Bank pays the highest interest rate on 9.00% p.a. for this tenure range on all regular deposits
    • For senior citizen term deposits, Fincare pays an attractive interest rate of 9.50% p.a.
    • Then interest range offers for 3-year deposits range from 6.00% p.a. to 9.00% p.a. for regular FDs
    • For those above 60 years, the interest paid ranges from 6.50% p.a. to 9.50% p.a.
    • KTDFC also pays a high interest rate of 8.25% p.a. for those below 60 years and 8.50% p.a. for senior citizens
    • LVB pays more than 7% p.a. on deposits held for 3 years

    List of 10 best FD schemes for 3 years

    1. Fincare Small Finance Bank

    • Fincare offers better rates of interest when compared to other banks in the industry
    • They offer up to 9% p.a for term deposits and 9.50% p.a. for those above 60 years
    • The bank offers ‘Smart Fixed Deposit’ and ‘Priority Plus Fixed Deposit’
    • A number of flexible interest payout options and premature withdrawal

    2. KTDFC

    • A lucrative rate of 8.25% p.a. is paid on normal term deposits offered by KTDFC
    • For those who are 60 years and above the deposit rate offered is 8.50% p.a.
    • TDS is applicable on all FD schemes
    • They offer Periodic Interest Payment Schemes (PIPS) and Money Multiplier Schemes (MMS)

    3. Shriram City

    • The rate of interest offered on non-cumulative deposits for 3 years is 7.85% p.a.
    • They also offer cumulative term deposits
    • The rate of interest offered to senior citizens is 8.10% p.a.
    • The minimum deposit amount is Rs.5,000

    4. Mahindra Finance

    • The best FD rate is offered for the Samruddhi Cumulative Deposit scheme, where the rate of interest is 7.55% p.a.
    • For senior citizens, the rate paid is 0.25% higher than the regular rate
    • The interest on these deposits are compounded on an annual basis
    • Various interest payout options available

    5. Sundaram Finance

    • Promising FD schemes with attractive interest rates and other benefits
    • An interest rate of 7.21% p.a. is offered for regular deposit holders
    • Senior citizens can expect an interest rate of 7.70% p.a.
    • Premature withdrawal and nomination facility available

    6. LVB

    • LVB offers a deposit interest rate of 7.15 p.a. on all regular deposit schemes
    • An interest rate of 7.75% p.a. is offered for senior citizens
    • 1% penalty fee applicable in case of premature withdrawal
    • Penalty not applicable for deposits above Rs.1 crore

    7. ICICI Home Finance

    • Competitive interest rate of 7.10% p.a. offered
    • For those above 60 years, a rate of 7.35% p.a. is applicable
    • The rates offered include base rates and special rates
    • All senior citizens get an additional 0.25% p.a. on term deposits

    8. Yes Bank

    • Yes Bank offers customers a special rate of 7.00% p.a. on time deposits
    • Senior citizens will be paid at the rate of 7.50% p.a.
    • Interest is compounded on a quarterly basis
    • Reinvestment of interest option available

    9. ICICI Bank

    • The annual percentage rate paid on ICICI Bank FDs is 6.50% p.a.
    • The deposit rate that is applicable for senior citizens is 7.00% p.a.
    • Premature withdrawal option is available on this type of ICICI Bank term deposit
    • TDS will be applicable

    10. HDFC Bank

    • The rate of interest paid on HDFC Bank FDs for a 3-year tenure is 6.00% p.a.
    • All those who fall in the senior citizen bracket can earn interest at the rate of 6.50% p.a.
    • A wide range of benefits offered on HDFC FDs such as loan and overdraft facility and credit card issual
    • Nomination and joint account facility available

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