Bank FD Rates: Most people do something about their future. Someone deposits money in the bank and someone fixes or invests money somewhere. Do you also want to do something about the future? But can’t decide what to do? Then today’s article is for you. Today we are going to discuss about FD or Fixed Deposit. Fixed deposit is a traditional safe investment platform. Investors have been investing in FD for centuries. If you are planning to deposit money in FD, then this article is going to be very useful for you.

Today we will talk about such banks in which the highest returns are available on three-year FDs. However, the interest rate offered by these banks may increase further. Because recently RBI has decided to cut the repo rate under its MPC meeting.
The effect of the reduction in repo rate can be seen in the floating rate of fixed deposits and the interest rates of loans. Investments in FD can be made from a few days to many years. The duration of all the FDs mentioned below is 3 years.

These banks are offering the highest interest

ICICI Bank

If you have an account in ICICI Bank, then you get up to 7 percent return on its three-year FD . At the same time, this bank offers up to 7.5 percent return to senior citizens.

Kotak Mahindra Bank

Like ICICI Bank, Kotak Mahindra Bank is also offering 7% return on three-year FD . Along with this, the bank is giving 7.5% return to senior citizen account holders.

HDFC Bank

The country’s leading private bank, HDFC is offering 7 percent interest on three-year FDs . Apart from this, senior citizens are being given up to 7.5 percent return.

IDFC Bank

IDFC Bank however offers the lowest interest rate among the banks mentioned above. This bank gives up to 6.8% return on three-year FD. Apart from this, senior citizens are being offered an interest rate of 7.3%.

Union Bank of India

Union Bank of India is giving 6.7 percent return on three-year FD . Whereas senior citizens get 7.2 percent return in it .

Bank of Baroda

Bank of Baroda is offering 7.15 percent interest rate on three-year FD . Whereas senior citizens get 7.65 percent return on FD.

State Bank of India- The country’s leading government bank SBI i.e. State Bank of India is also included in this list. This bank is offering 6.75 percent interest rate on three-year FD. Along with this, senior citizens get 7.25 percent return in it.