Top 5 banks promising up to 7.25% interest on 5-year fixed deposits

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Jana Small Finance Bank

Amid the low interest rate regime on banks’ term deposits, Jana Small Finance Bank is now the only bank that offers the highest interest rates on term deposits therefore incomparable with the major banks in the sector. private or public. The reason for my take can be seen below.

Period Regular FD interest rate (pa) FD interest rate for the elderly (pa)
7-14 days 2.50% 3.00%
15-60 days 3.00% 3.50%
61-90 days 3.75% 4.25%
91-180 days 4.50% 5.00%
181-364 days 5.50% 6.00%
1 year[365 Days] 6.25% 6.75%
> 1 year – 2 years 6.50% 7.00%
> 2 years-3 years 6.50% 7.00%
> 3 years- 6.75% 7.25%
5 years[1825 Days] 6.50% 7.00%
> 5 years – 10 years 6.00% 6.50%
Source: Bank website, Wef 05/07/2021
Suryoday Small Finance Bank

Suryoday Small Finance Bank

Suryoday Small Finance Bank is second on our list and now offers the best yields on 5-year fixed-term deposits after Jana Small Finance Bank. With effect from September 9, 2021, Suryoday SFB revised its interest rates on term deposits which are as follows.

Period Regular FD interest rate (pa) FD interest rate for the elderly (pa)
7 days to 14 days 3.25% 3.25%
15 days to 45 days 3.25% 3.25%
46 days to 90 days 4.25% 4.25%
91 days to 6 months 4.75% 4.75%
More than 6 months to 9 months 5.25% 5.25%
More than 9 months to less than 1 year 5.75% 5.75%
1 year to 1 year 6 months 6.50% 6.75%
Above 1 year 6 months to 2 years 6.50% 6.75%
More than 2 years to less than 3 years 6.25% 6.50%
3 years 7.00% 7.30%
More than 3 years to less than 5 years 6.50% 6.50%
5 years 6.75% 7.00%
More than 5 years to 10 years 6.00% 6.00%
Source: Bank website, (Effective: from September 09, 2021)
Small Northeast Financing Bank

Small Northeast Financing Bank

Among the smaller corporate banks, North East Small Finance Bank also promises good returns on 5-year term deposits. For a deposit amount of less than Rs 2 Cr, North East Small Finance Bank offers the following interest rates to ordinary and senior citizens on deposits with a maturity of 5 years.

Mandate Regular FD interest rate (pa) FD interest rate for the elderly (pa)
7-14 days 3 3.5
15-29 days 3 3.5
30-45 days 3 3.5
46-90 days 3.5 4
91-180 days 4 4.5
181-365 days 5 5.5
366 days to 729 days 6.75 7.25
730 days to less than 1095 6.75 7.25
777 days 7 7.5
1096 days to less than 1825 days 6.5 7
1826 days to less than 3650 days 6.25 6.75
Source: Bank website, as of April 19, 2021
Small Equitas Corporate Bank

Small Equitas Corporate Bank

For a deposit amount of less than Rs 2 Cr, Equitas Small Finance Bank revised its interest rates with effect from June 1, 2021. Here are the bank’s most recent interest rates on term deposits.

Mandate Regular FD interest rate (pa) FD interest rate for the elderly (pa)
7 – 14 days 3.50% 4.00%
15 – 29 days 3.50% 4.00%
30 – 45 days 3.50% 4.00%
46 – 62 days 4.00% 4.50%
63 – 90 days 4.00% 4.50%
91 – 120 days 4.75% 5.25%
121 – 180 days 4.75% 5.25%
181 – 210 days 5.25% 5.75%
211 – 270 days 5.25% 5.75%
271 – 364 days 5.25% 5.75%
1 year to 18 months 6.35% 6.85%
18 months 1 day to 2 years 6.25% 6.75%
2 years 1 day to 887 days 6.35% 6.85%
888 days 6.50% 7.00%
889 days to 3 years 6.35% 6.85%
3 years 1 day to 4 years 6.25% 6.75%
4 years 1 day to 5 years 6.25% 6.75%
5 years 1 day to 10 years 6.50% 7.00%
Source: Bank website, from June 1, 2021
Small Ujjivan Financial Bank

Small Ujjivan Financial Bank

With deposit security of up to Rs 5 lakhs provided by DICGC, Ujjivan Small Finance Bank is currently promising fairly good interest rates on 5 year fixed deposits of tax saving fixed deposits. For a deposit amount of less than Rs 2 Cr, the bank is currently offering the interest rates below to ordinary citizens and the elderly.

Mandate Interest rate (pa)
7 days to 29 days 2.90%
30 days to 89 days 3.50%
90 days to 179 days 4.25%
180 days to 364 days 4.75%
1 year to 2 years 6.00%
2 years and 1 day to 3 years 6.50%
3 years and 1 day to 5 years 6.25%
5 years and 1 day to 10 years 6.00%
Additional interest rate for seniors 0.50%
Source: Bank website, from August 16, 2021


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