• Best FD Rates For 3 Years 2021

    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.

    Fixed Deposit schemes with a 3-year tenure 2021

    Given below are 10 of the best fixed deposit schemes with a 3-year tenure - Last Updated on 18 Jan 2021

    Top 10 3-year FDs for 2021
    Bank/Company Regular Interest Rate(per annum) Senior Citizen Interest Rate(per annum)
    Fincare Small Finance Bank 6.90% 7.40%
    KTDFC 8.00% 8.25%
    Shriram City 7.86% 8.26%
    Mahindra Finance 6.30% 6.55%
    Sundaram Finance 6.25% 6.75%
    Lakshmi Vilas Bank (LVB) 6.00% 6.50%
    ICICI Home Finance 6.10% 6.35%
    Yes Bank (Special Rates) 7.00% 7.75%
    ICICI Bank 5.15% 5.65%
    HDFC Bank 5.30% 5.80%

    The Interest rates are subject to change and are revised by the banks and financial institutions from time to time

    3-year Fixed Deposit key highlights

    • KTDFC pays the highest interest rate of 8.00% p.a. for the 3-year FD when it is opened by the general public.
    • When 3-year term deposits are opened by senior citizens, Shriram City pays an attractive interest rate of 8.26% p.a.

    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 6.90% p.a. to the general public and 7.40% p.a. for those above 60 years
    • A number of flexible interest payout options and premature withdrawal is provided by the bank

    2. KTDFC

    • A lucrative rate of 8.00% p.a. is paid for term deposits opened for a period of 3 years
    • For senior citizens, the interest rate offered is 8.25% 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 7.86% p.a.
    • They also offer cumulative term deposits
    • The rate of interest offered to senior citizens is 8.26% p.a.

    4. Mahindra Finance

    • The best FD rate is offered for the Samruddhi Cumulative Deposit scheme, where the rate of interest is 6.30% p.a. with regard to general citizens
    • For senior citizens, the interest rate offered is 0.25% higher for Samruddhi Cumulative Deposit Scheme
    • 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 6.25% p.a. is offered to the general public who open a 3-year term deposit with the company
    • Senior citizens are provided an interest of 6.75% p.a.
    • Premature withdrawal and nomination facility available

    6. LVB

    • The bank offers a deposit interest rate of 6.00% p.a. to the general public for opening a term deposit having an investment period of 3 years
    • An interest rate of 6.50% p.a. is offered to 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 6.10% p.a. is offered to the general public for a 3-year investment tenure
    • For those above 60 years, interest of 6.35% p.a. is provided
    • The rates offered include base rates and special rates

    8. Yes Bank

    • Yes Bank offers customers a special rate of 7.00% p.a. for general citizens.
    • Senior citizens are paid at the rate of 7.75% p.a.
    • Reinvestment is available for a minimum tenure of 6 months 1 day

    9. ICICI Bank

    • The annual percentage rate paid by ICICI Bank on FDs opened for a period of 3 years is 5.15% p.a.
    • Senior citizens are paid an interest of 5.65% p.a.

    10. HDFC Bank

    • The rate of interest paid on HDFC Bank FDs for a 3-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.

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