Top Two banks gives best interest rate on Fixed Deposit 2021 In India compare with others bank.

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Now NDA Government policy interest rate being too lower for savings and fixed deposit, Senior citizens and normal citizens are in a seriously thinking what to do after previous fixed deposit maturity. where to invest to get more interest rate to secure his/ her lifeline, we search all the bank website and check interest rates comparatively same but two bank which is most trust-able gives best interest rate

IndusInd Bank
RBL Bank

we already compared interest rate with top three bank like- SBI vs HDFC Bank vs ICICI bank

but IndusInd Bank and RBL Bank offer more interest rate. Follow below interest rate are offering to Domestic fixed deposits for common citizens or senior citizens.

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IndusInd Bank Interest rate offer

Domestic /NRO/ NRE/Senior Citizen Fixed Deposit Rates (all in %)

w.e.f. July 13th, 2020	Less than 2 Cr* (ALL deposits)		Less than 2 Cr* (Senior Citizen)
	NRE deposit rates applicable only for		NA for NRO/NRE deposits
	Tenure 1 year onwards
Tenure	Rate	Annualised Yield*	Rate	Annualised Yield*
7 days to 14 days	3.25%	3.25%	3.75%	3.75%
15 days to 30 days	3.25%	3.25%	3.75%	3.75%
31 days to 45 days	3.75%	3.75%	4.25%	4.25%
46 days to 60 days	4.10%	4.10%	4.60%	4.60%
61 days to 90 days	4.30%	4.30%	4.80%	4.80%
91 days to 120 days	4.50%	4.50%	5.00%	5.00%
121 days to 180 days	5.00%	5.00%	5.50%	5.50%
181 days to 210 days	5.40%	5.44%	5.90%	5.94%
211 days to 269 days	5.60%	5.68%	6.10%	6.19%
270 days or below 1 year	6.15%	6.25%	6.65%	6.76%
*Interest is compounded quarterly. Annualized yield is effective annual return basis the same.

# Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.


Recurring Deposits Rates w.e.f. July 13th, 2020

Tenure	Interest Rates p.a. (%)	Senior Citizen Rates p.a.(%)
09 Months	6.15%	6.65%
12 Months	7.00%	7.50%
15 Months	7.00%	7.50%
18 Months	7.00%	7.50%
21 Months	7.00%	7.50%
24 Months	7.00%	7.50%
27 Months	7.00%	7.50%
30 Months	7.00%	7.50%
33 Months	7.00%	7.50%
3 years to below 61 month	6.75%	7.25%
61 month and above	6.65%	7.15%

Tenor of RD is in multiples of month and corresponding rate of FD will be applicable
Minimum Value of RD is Rs 500 and thereafter in multiples of 100