A fixed deposit (FD) is sometimes known as a time deposit or term deposit. It is a type of investment that enables depositors to hold their money for a predetermined amount of time and receive set income. But which bank is best for fixed deposit for 2 years? When choosing a 2-year FD in India, the compelling option lies with small finance banks. They offer significantly higher interest rates than large public or private sector banks.
Which Bank Offer Best FD Rates for 2 Years?
The standout institutions for a 2-year tenure include Suryoday Small Finance Bank, Jana Small Finance Bank, and Utkarsh Small Finance Bank, offering better FD rates to general depositors.
I have shared a few lists below.
| Bank / Institution | General Public (FD rates%) | Senior Citizens (FD rates%) |
Suryoday Small Finance Bank |
7.50% to 7.71% |
7.90% to 8.14% |
Utkarsh Small Finance Bank |
7.50% |
8.00% |
RBL Bank |
7.10% |
7.60% |
Kotak Mahindra Bank |
6.50% to 6.66% |
7.00% to 7.19% |
ICICI Bank |
6.4% |
6.9% |
HDFC Bank |
6.45% |
6.95% |
However, if you prioritise deposit insurance or established brand trust, PSU banks like SBI and public banks still offer a secure, modest return.
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Which Bank is Best for Fixed Deposit for 2 Years?
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6 months
2025-07-22T20:24:51+00:00 2025-07-22T20:24:53+00:00Comment
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