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FD interest rates: These 7 banks are offering the highest interest on 3-year FD, see the list – Times Bull

FD interest rates: These 7 banks are offering the highest interest on 3-year FD, see the list

by
HDFC Bank

Fixed Deposit as well as known to FD has been a traditional investment option in India. Due to almost zero risk, people’s trust in FD is quite good. This is the reason why even today a large number of people make FDs. If you are also thinking of making an FD, then first know about the rates offered by various banks on FDs. Small finance banks offer higher interest rates on FDs as compared to big banks. Usually, banks offer higher interest on longer-term FDs. Whereas relatively lower interest rates are offered on short-term FDs. Here’s a look at the interest rates offered by different banks on 3-year FDs.

HDFC Bank

HDFC Bank is offering a 7% interest rate to general citizens and a 7.5% interest rate to senior citizens on a 3-year FD.

ICICI Bank

ICICI Bank is offering a 7% interest rate to general citizens and a 7.5% interest rate to senior citizens on a 3-year FD.

Kotak Mahindra Bank

Kotak Mahindra Bank is offering a 7% interest rate to general citizens and a 7.6% interest rate to senior citizens on a 3-year FD.

Federal Bank

Federal Bank is offering a 7% interest rate to general citizens and a 7.5% interest rate to senior citizens on a 3-year FD.

Union Bank of India

Union Bank of India is offering a 6.7% interest rate to general citizens and a 7.2% interest rate to senior citizens on a 3-year FD.

State Bank of India

State Bank of India is offering a 6.75% interest rate to general citizens and a 7.25% interest rate to senior citizens on a 3-year FD.

Bank of Baroda

Bank of Baroda is offering a 6.8% interest rate to general citizens and a 7.4% interest rate to senior citizens on a 3-year FD.

The interest rates may vary depending on the bank, and senior citizens usually get higher rates. For investors looking for secure returns, FDs remain an attractive option, especially with higher returns offered by small finance banks compared to traditional large banks.

Disclaimer: For any financial investment anywhere on your responsibility, Times Bull will not be responsible for it.

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