FD interest rates: highest interest on 3 -year fixed deposit

FD interest rates: If you are planning to open a fixed deposit for regular income, first one should compare the interest rates offered by different banks on various sustainable FDs. So you can choose a bank that provides the highest interest rate. Generally, long -fixed deposits provide a high interest rate.

Even a high income with little difference

Here we will list interest rates on these seven banks from private and public sector for a period of 3 years. It is important to note that a slight difference of 50 basis points at interest rates may lead to high income in a long time. For example, if a bank provides a 50 basis point higher interest in Rs 10 lakh, 50 basis points will earn an additional income of Rs 15,000 in three years.

7 banks that provide highest interest rate on FD

Let us find out the details of the top 7 banks that provide the highest interest rate on a three -year fixed deposit.

Hdfc bank: This private bank provides 7 % interest on its 3 -year deposit and 7.5 % and 7.5 percent for senior citizens.

ICICI Bank: This private bank provides 7 % interest on its 3 -year fixed deposit for ordinary citizens and 7.5 % for senior citizens.

Kotak Mahindra Bank: This private bank provides 7.6 % interest for ordinary citizens for its 3 -year period and 7.6 % for senior citizens.

Federal Bank: The bank offers 7.1 percent on three years deposit and 7.6 percent for senior citizens

State Bank of India (SBI): India’s largest bank SBI provides 6.75 percent for common citizens and 7.25 percent for senior citizens in three years of FD.

Bank of Baroda: Public sector Bank of Baroda provides 7.15 percent interest for common citizens and 7.65 percent for senior citizens on three -year FD.

Union Bank of India: The bank offers 6.7 per cent for common citizens and 7.2 per cent for senior citizens on three years FD.

Meanwhile, investors do not lock much money in term deposits. Therefore, the high taxpayers will lose one -subject of their interest income.