Top 5-Year Fixed Deposits in India

Top Five - Year FD Rates of NBFC (Non Banking Financial Company) 

The following is the list of top five - year FD interest rates of NBFCs:

Note: The interest rates listed above are as on 7 August 2025 and are subject to change at the discretion of the bank.

Top Five - Year FD Rates of Small Finance Banks 

The following are the top five-year FD interest rates of Small Finance Banks in India:

Note: The interest rates listed above are as on 7 August 2025 and are subject to change at the discretion of the bank. 

Eligibility Criteria for Fixed Deposits (FDs) in India 

The following entities are eligible to open a Fixed Deposits account in India: 

1. Residents 

1. Hindu Undivided Families (HUFs) 

1. Non-resident Indians (NRIs) 

1. Minors 

1. Senior Citizens 

1. Companies 

1. Individuals (Single or Joint Investors) 

1. Societies or Clubs 

1. Sole Proprietorships 

1. Partnership Firms 

1. Trust Accounts 

1. Documents Required for Opening an FD 

Existing Customers: 

If you already have an account with the bank, you may only need to provide your Know Your Customer (KYC) documents and recent passport-sized photographs. 

New Customers: 

1. KYC Documents: PAN Card, Aadhaar Card, Voter ID, or Passport 

1. Recent Passport-sized Photographs 

Hindu Undivided Family (HUF): 

1. HUF Deed and Declaration 

1. KYC Documents 

1. PAN Card 

1. Recent Passport-sized Photographs 

Public or Private Limited Company: 

1. Company PAN Card 

1. Latest Utility Bills 

1. Board Resolution to Open FD 

1. Bank Account Statement 

1. Recent Passport-sized Photographs 

1. Registration or Incorporation Certificates 

1. KYC of Authorised Signatories 

Partnership Firm: 

1. PAN Card 

1. Registration Certificate 

1. KYC of all Authorised Signatories 

1. Recent Passport-sized Photographs 

1. Partnership Deed 

Statutory Board or Local Authority: 

1. PAN Card 

1. Latest Utility Bills 

1. Bank Account Statement 

1. Certificate of Registration or Incorporation 

1. KYC of all Authorised Signatories 

1. Permission from Ministry or Government Authority 

1. Recent Passport-sized Photographs 

Registered Societies: 

1. Board Resolution to Open FD 

1. PAN Card 

1. KYC of all Authorised Signatories 

1. Latest Utility Bills 

1. Bank Account Statement 

1. Recent Passport-sized Photographs 

1. Certificate of Registration or Incorporation 

1. Articles & Memorandum of Association 

Trusts: 

1. Board Resolution to Open FD 

1. Copy of Trust Deed 

1. Registration Certificate 

1. Recent Passport-sized Photographs

How to Open a Fixed Deposit Online? 

Follow the steps given below to open a fixed deposit online:

1. Step 1: Visit the bank's official website. 

1. Step 2: Log in to your existing account or create a new one. 

1. Step 3: Select the 'Fixed Deposit' option. 

1. Step 4: Enter required details such as tenure, amount, nominee, and digital signature. 

1. Step 5: Upload all necessary documents. 

1. Step 6: Review and submit the application. 

1. Step 7: Make the payment via internet banking. 

1. Step 8: Keep the receipt for future reference. 

How to Open a Fixed Deposit Offline? 

Follow the steps given below to open a fixed deposit offline:

1. Step 1: Visit the bank and collect a Fixed Deposit opening form. 

1. Step 2: Fill out the form with accurate details, including the deposit amount and tenure. 

1. Step 3: Submit the completed form along with the required documents. 

1. Step 4: Provide the deposit amount either in cash or by cheque. 

1. Step 5: The bank will process your application and open the FD account.

Why is a 5-year FD a Smart Investment Choice?  

1. Guaranteed Returns: One of the main benefits of a 5-year Fixed Deposit (FD) is the assurance of guaranteed returns. The interest rate remains constant throughout the deposit term, ensuring a stable and predictable return on investment. 

1. Low-risk Investment: FDs are considered safe investments as they are backed by the government and insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). This provides protection for the investor's deposit up to a certain limit, even in the rare event of a bank failure. 

1. Tax Benefits: Investing in a 5-year FD also offers tax advantages. The interest earned is taxed according to the investor's income tax slab. Additionally, senior citizens can benefit from an annual tax exemption on interest income of up to Rs. 50,000.