Top 5 -Years Fixed Deposits in India

*Note: Deposit rates are dynamic and can be updated by banks without prior notice  

Top 5 - year FD Rates of NBFC (Non Banking Financial Company) 

The following is the list of top 5 - year FD interest rates of NBFCs:

Top 5 - year FD Rates of Small Finance Banks 

The following are the top 5 - year FD interest rates of Small Finance Banks in India:

Key highlights on 5 - year FD Rates

1. The highest 5-year FD rates for General Citizens are offered by Jana Small Finance Bank at 8.20% p.a., followed by Unity Small Finance Bank at 8.15% p.a., and Federal Bank also providing competitive returns. 

1. Senior Citizens can benefit from even higher rates, with Suryoday Small Finance Bank leading at 8.75% p.a., followed by Unity Small Finance Bank at 8.65% p.a., and SBM Bank at 8.25% p.a. 

1. Non-banking institutions like PNB Housing Finance and LIC Housing Finance provide attractive fixed deposit options with competitive rates, making them strong alternatives for investment. 

Top 5 Banks for General Citizens: 

1. Suryoday Small Finance Bank: Leading the list, this bank offers the highest 5-year FD rate for General Citizens at 8.25% p.a., making it an attractive option for those seeking secure and high returns on their deposits.
2. Jana Small Finance Bank: Jana Small Finance Bank offers the 5-year FD scheme with an interest rate of 8.20% p.a. 

1. Unity Small Finance Bank: Offering a rate of 8.15% p.a., Unity Small Finance Bank presents a strong option for General Citizens looking for a balance between a high return and financial stability. 
2. Deutsche Bank: Closely following, Deutsche Bank provides a competitive FD rate of 7.50% p.a., ensuring significant returns while maintaining the security of a traditional banking institution. 

1. SBM Bank: With a rate of 7.75% p.a., SBM Bank stands out as a reliable choice for investors who prioritise safety without compromising too much on returns. 

Top 5 Banks for Senior Citizens: 

1. Suryoday Small Finance Bank: Senior Citizens can benefit from the highest FD rate available at 8.75% p.a., making it an ideal choice for those looking to maximise their interest earnings in retirement. 

1. SBM Bank: Offering a rate of 8.25% p.a., SBM Bank provides Senior Citizens with a favourable combination of high returns and financial security. 

1. Unity Small Finance Bank: At 8.65% p.a., Unity Small Finance Bank offers one of the highest FD rates for Senior Citizens, appealing to those seeking higher income from their deposits. 
   

1. Jana Small Finance Bank: Senior citizens are offered an interest rate of 8.20% p.a. on investment made on the 5-year FD scheme offered by Jana Small Finance Bank. 

1. Punjab National: Completing the top five, Punjab National Bank offers a rate of 7.00% p.a., making it a strong contender for Senior Citizens looking for secure and profitable fixed deposit options.

1. Punjab National: Completing the top five, Bandhan Bank offers a rate of 7.30% p.a., making it a strong contender for Senior Citizens looking for secure and profitable fixed deposit options. 

Top 5 Small Finance Banks for General Citizens: 

1. Suryoday Small Finance Bank: Dominating the Small Finance Bank category, Suryoday offers a leading rate of 8.25% p.a., making it the top choice for General Citizens.
2. Jana Small Finance Bank: Jana Small Finance Bank offers the 5-year FD scheme with an interest rate of 8.20% p.a.
   

1. Unity Small Finance Bank: With a rate of 8.15% p.a., Unity Small Finance Bank is a close second, offering competitive returns. 

1. Utkarsh Small Finance Bank: Providing a rate of 7.75% p.a., Utkarsh Small Finance Bank offers a strong option for General Citizens seeking a good balance between risk and return. 

Top 5 Small Finance Banks for Senior Citizens: 

1. Suryoday Small Finance Bank: Once again leading the pack, Suryoday offers Senior Citizens the highest rate at 8.75% p.a., ensuring maximum returns. 

1. Unity Small Finance Bank: Offering a competitive rate of 8.65% p.a., Unity Small Finance Bank provides Senior Citizens with a strong option for securing high interest on their savings. 

1. Utkarsh Small Finance Bank: With a rate of 8.35% p.a., Utkarsh Small Finance Bank remains a solid choice for Senior Citizens looking for profitable investments. 

1. AU Small Finance Bank and Equitas Small Finance Bank: Both offering a rate of 7.75% p.a., these banks provide steady and secure options for Senior Citizens to grow their savings. 

Non-Banking Financial Companies (NBFCs): 

1. PNB Housing Finance: Offering a rate of 7.60% p.a. for General Citizens and an enhanced 7.60% p.a. for Senior Citizens on cumulative deposits up to Rs.1 crore, PNB Housing Finance is a strong alternative to traditional banks for fixed deposits. 

1. LIC Housing Finance: Providing a rate of 7.75% p.a. for deposits up to Rs.20 crore for General Citizens, and 8.00% p.a. for Senior Citizens for deposits up to Rs.2 crore, LIC Housing Finance offers competitive rates in the non-banking sector, appealing to those seeking safe and profitable investment options. 

5-Year Fixed Deposit Rates (2024) for Select Banks 

1. HDFC Bank: HDFC Bank offers a 5-year FD rate of 7.00% p.a., making it a competitive option for those looking for stable returns from a trusted banking institution. The rate for Senior Citizens is higher at 7.50% p.a., providing an added advantage for retirees seeking to maximise their interest earnings. 

1. State Bank of India (SBI): SBI provides a 5-year FD rate of 6.50% p.a., offering a secure and reliable investment option from India's largest public sector bank. Senior Citizens can benefit from a slightly higher rate of 7.00% p.a., ensuring steady returns with the security of a government-backed institution. 

1. ICICI Bank: ICICI Bank offers a 5-year FD rate of 6.90% p.a., providing competitive returns in line with other leading private sector banks. The rate for Senior Citizens is 7.40% p.a., offering an enhanced interest rate for those in retirement. 

1. Yes Bank: Yes Bank provides a 5-year FD rate of 7.25% p.a., offering one of the higher rates among private banks, making it an appealing choice for those seeking higher returns. The rate for Senior Citizens is even more attractive at 8.00% p.a., positioning Yes Bank as a strong option for maximising savings. 

1. Axis Bank: Axis Bank offers a 5-year FD rate of 7.00% p.a., providing solid returns with the backing of a well-established private bank. Senior Citizens receive a higher rate of 7.75% p.a., making it a favourable choice for those seeking secure investments with good interest rates. 

1. Kotak Mahindra Bank: Kotak Mahindra Bank offers a 5-year FD rate of 6.20% p.a., slightly lower than some of its peers, but still a safe and reliable option. The rate for Senior Citizens is 6.70% p.a., offering modest returns for those looking for security in their investments. 

1. IDBI Bank: IDBI Bank provides a 5-year FD rate of 6.50% p.a., offering competitive returns with the stability of a public sector bank. Senior Citizens can benefit from a higher rate of 7.00% p.a., ensuring better earnings on their fixed deposits. 

1. HSBC Bank: HSBC Bank offers a 5-year FD rate of 6.00% p.a., providing a secure investment option with the backing of a global financial institution. The rate for Senior Citizens is 6.50% p.a., offering decent returns with the added security of a well-established international bank. 

1. Bank of Baroda: Bank of Baroda offers a 5-year FD rate of 6.80% p.a. Senior Citizens benefit from a higher rate of 7.40% p.a., making it an attractive choice for those looking to maximise their interest earnings in retirement.