Highest Interest rate on 2 year FD: Fixed Deposit or FD is a very popular option among investors who want to earn good interest on their savings. Keeping money in FD is considered very safe. That is, the money of the investors is safe in it. In this, investors get the benefit of guaranteed returns. FD protects investors from market volatility along with security. This option is very important for those who want to get better returns while keeping their savings safe. FD is a safe way to earn income during a fixed period and at a fixed interest rate. If you want a good return on your hard-earned money, then you can invest in FD. Before investing, know why you can invest money in FD?
Why invest money in FD?
Investing in FDs offers several benefits. First, FDs offer assured returns, giving investors, especially retirees or those with a low risk appetite, a steady income stream. Second, FDs offer flexibility in terms of investment tenure, allowing investors to choose the tenure as per their financial goals and liquidity requirements. Moreover, FDs are easily available and can be opened at most banks and financial institutions across India, making it a convenient investment option for individuals from all backgrounds.
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When to invest in FD?
The ideal time to invest in FDs depends on various factors, including current interest rates, market conditions and your financial goals. Generally, when interest rates are high, locking your money in FDs can provide higher returns over the investment period. Conversely, when interest rates are low, it may be wise to wait for rates to stabilize or explore alternative investment options that offer better returns.
Keep these things in mind while making FD?
Before investing in FDs, it is important to consider factors such as interest rate, maturity period and liquidity. Compare the interest rates offered by different banks and financial institutions to earn a good return on your investment. Also, evaluate the tenure of the FD to ensure that it suits your financial objectives and liquidity needs. While FDs offer capital protection, premature withdrawal may attract a penalty, so it is important to plan your investment after considering all these aspects.
Also read: Bajaj Finserv Savings+: A special scheme for higher returns on the money lying in the savings account, what are its special features
After understanding all the aspects of FD, if you are thinking of making a 2-year FD, then this month 2-year bank FDs are getting up to 9.10 percent interest. For your convenience, a list of more than 20 banks has been shared here. In this list, how much interest is being given in which bank on 2-year FD for both common people and senior citizens. You can check the complete details.
Interest on 2 year FD |
Interest on 2 year FD |
|
Name of bank |
For the common people |
For senior citizens |
Suryoday Small Finance Bank FD |
8.60% |
9.10% |
ESAF Bank FD |
8.50% |
9.00% |
Utkarsh Small Finance Bank FD |
8.25% |
8.85% |
Jana Small Finance Bank FD |
8.25% |
8.75% |
RBL Bank FD |
8.00% |
8.50% |
7.85% |
||
Fincare Small Finance Bank FD |
7.75% |
7.98% |
Mahindra Finance FD |
7.75% |
Contact the Bank |
Sundaram Finance FD |
7.75% |
8.25% |
IndusInd Bank FD |
7.75% |
8.25% |
DCB Bank FD |
7.55% |
8.05% |
7.50% |
||
Bandhan Bank FD |
7.25% |
7.75% |
7.25% |
||
7.25% |
||
Capital Small Finance Bank FD |
7.15% |
7.80% |
7.15% |
||
7.10% |
||
7.10% |
||
7.00% |
||
7.00% |
||
7.00% |
||
6.80% |
(Note: This list of banks is for the information of investors who want to keep money in FD. This list has been taken from Paisa Bazaar.com and Bank Bazaar.com. Please note that banks keep changing interest rates from time to time, so investors are advised to decide on investment by getting accurate information from your nearest branch or the official website of the bank before making a 2-year FD in any bank included in this list.)
The list includes the names of government, private and small finance banks. For the information of investors, it is important to mention here that most banks offer 0.50 percent more interest on FD to their senior citizens i.e. people above 60 years of age than the general customers. At the same time, special benefits are also given to super senior citizens.