In such a case, when money is required before maturity, the bank or financial institution gives the facility to the customer to withdraw the deposited amount by levying a nominal penalty. Some banks are also providing loan facility against fixed deposit amount. Along with these features, the attractive interest rate has encouraged investors to invest in FDs.

In fixed deposits, banks offer different interest rates to general citizens and senior citizens. Here is a list of 5 banks offering the highest interest rate on 2-year FDs, where you can invest.

Bandhan Bank

Bandhan Bank offers interest rate between 3% to 8% to common citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 8% is offered for a tenure of 1 year 7 months and 20 days.

IDFC First Bank

IDFC First Bank is offering interest rates ranging from 3.50% to 7.75% to the general public for tenures ranging from 7 days to 10 years. The bank is offering 7.75% interest rate on 18 months 1 day to 3 years tenure, while 367 days to less than 18 months (367 days to 548 days) 7.25% interest rate is offered on FD investment.

IndusInd Bank

IndusInd Bank offers interest rates ranging from 3.50% to 7.75% to the general public for tenures ranging from 7 days to 10 years. The bank offers the highest interest rate of 7.75% on tenure of 1 year 6 months to 2 years 9 months.

Yes bank

Yes Bank is offering interest rates ranging from 3.25% to 7.50% to the general public for tenures ranging from 7 days to 10 years. The bank has announced to give the highest interest rate of 7.50% for a period of 15 months to less than 35 months.

RBL Bank

RBL Bank has announced to give interest rate between 3.50% to 7.80% to the general public for a period ranging from 7 days to 10 years. RBL Bank offers the highest interest rate of 7.80% on FD investments with a tenure of 453 to 459 days (15 months).

The post Best FDs: 5 banks giving up to 8% interest on 2 years investment, premature withdrawal and loan facility too first appeared on Rightsofemployees.com.