Best FD Rates For 3 Years 2018

• Team Antworks

Given below are 10 of the best-fixed deposit schemes with a 3-year tenure in 2018:

*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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