Best Fixed Deposit schemes in India

Fixed deposit for customers below the age of 60

Investors above 60 years of age can gain a 0.25% p.a. p.a. higher interest rate

• Tenor ranges from 12 months to 60 months
• Choose to get interest payout at maturity, or opt for periodic payouts
• Invest online through a paperless mode, and get NA additional rate benefit
  

Fixed deposit for senior citizens

• Additional rate benefits up to 0.25% p.a. p.a. for senior citizens
• Invest over a fixed tenor and earn at up to 8.50% p.a.
  
• Tenor ranges from 12 months to 60 months

Fixed deposit for NRIs

• For Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs) with NRO accounts
  
• Deposit an amount for a fixed tenor and earn at up to 8.30% p.a.
• Tenor ranges from 12 months to 36 months
• Payment is accepted only through cheque or RTGS/ NEFT from an NRO bank account

Systematic Deposit Plan (SDP):

• Make monthly deposits of Rs. 5,000 or more
• Have 6 to 48 deposits in total
• The tenor for each deposit ranges from 12 months to 60 months
  
• Opt for the Monthly Maturity Scheme (deposits mature over successive months) or Single Maturity Scheme (deposits mature on a single date)