If you have FD If you are thinking of doing so, then this is the right time. This is because banks are giving bumper returns on FDs due to the Reserve Bank of India (RBI) not cutting the repo rate. Today we are telling you about those 5 banks which are giving the highest interest on 3-year FDs. So let us know which are those five banks and how much interest they are giving on 3-year FDs.
- HDFC Bank: The largest private sector bank HDFC is offering 7 percent interest on FDs of 3 years duration. Senior citizens are being given 7.5 percent interest on deposits of the same duration. These rates came into effect on July 24, 2024.
- ICICI Bank: ICICI Bank is offering 7 per cent interest per annum to depositors on its fixed deposits (FDs) of 3-year tenure, while senior citizens are being given interest at the rate of 7.5 per cent.
- State Bank of India (SBI): SBI is offering 6.75 per cent interest on three-year term deposits. Senior citizens are getting 7.25 per cent interest on deposits of the same duration.
- Bank of Baroda: Bank of Baroda is giving 7.15 percent interest to depositors on FDs of three years duration. Senior citizens are being given 7.65 percent interest on these deposits. These rates are effective from July 15, 2024.
- Kotak Mahindra Bank: Kotak Mahindra Bank is offering 7 percent interest on 3-year fixed deposits. Senior citizens are offered interest at the rate of 7.6 percent. Interestingly, the highest interest rate of 7.4 percent is offered on 390 and 391 days fixed deposits. These rates are applicable on June 14, 2024.
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