After the cut in repo rate by the Reserve Bank of India (RBI), most of the public and private banks have reduced the interest rates on fixed deposits (FDs). This has upset the investors investing in FDs. The biggest impact has been on senior citizens, who depend on FDs for a stable income. However, the options for FD holders are not over yet. Even today, many banks are giving good interest on FDs. We are telling you about those banks that are giving up to 7.75% interest on 3-year FDs. So, if you also want to get good returns along with a safe investment, then this news is for you.

You will get huge interest in these banks

Even though many banks have reduced the interest rates after the cut in the repo rate, there are still some banks that are offering you attractive interest rates on 3-year FDs. These banks can prove to be even more beneficial, especially for senior citizens. Let us know which banks are those banks and what their interest rates are.

Canara Bank

Canara Bank is now providing interest at the rate of 7.2 percent to the general public on the 3-year FD. If an investor invests ₹ 1 lakh for 3 years, he will get ₹ 1.24 lakh on maturity. At the same time, the bank is providing the interest at the rate of 7.7 percent to the senior citizens. In such a situation, the investment of ₹ 1 lakh of senior citizens will become ₹ 1.26 lakh after 3 years.

Equitas Small Finance Bank

Equitas Small Finance Bank is providing interest at the rate of 7.75 percent to the all general public on the 3-year FD. If you invest ₹ 1 lakh in it, you will get ₹ 1.26 lakh on maturity. The bank is providing interest at the rate of the 8.25 percent to the all senior citizens of India. In such a situation, an investment of ₹ 1 lakh will grow to ₹ 1.28 lakh. This bank is offering the highest interest rate for senior citizens!

AU Small Finance Bank

AU Small Finance Bank is now providing interest at the rate of the 7.5 percent to the Indian general public on the 3-year FD. If you invest ₹ 1 lakh, it will become ₹ 1.25 lakh after 3 years. At the same time, the new interest rate for the senior citizens is now 8 percent. This bank also promises to provide you best returns.

Bank of Baroda

Bank of Baroda is giving interest at the rate of 7.15 percent to the general public on a 3-year FD. In such a situation, an investment of ₹ 1 lakh will become ₹ 1.24 lakh after 3 years. At the same time, the interest rate for senior citizens is 7.65 percent. This is a big and reliable bank that can give you stable returns.

HDFC Bank, ICICI Bank, and Axis Bank

Big private banks like HDFC Bank, ICICI Bank, and Axis Bank are giving interest at the rate of 6.9 percent to the general public on 3-year FDs. If you are thinking of investing in these banks, then you may get a slightly lower interest rate.

SBI and Punjab National Bank

Big government banks like State Bank of India (SBI) and Punjab National Bank are giving interest at the rate of 6.75 percent to the general public on 3-year FDs. By investing ₹ 1 lakh in these banks, you will get ₹ 1.22 lakh on maturity. These banks are good options in terms of security, but the interest rates may be slightly lower.