FD interest rates: These 7 banks offer highest interest on 3-year fixed deposits; check details
Live MintBefore investing in a fixed deposit, it is recommended to compare the interest rates offered by different banks. The largest private lender HDFC Bank offers 7 percent interest on its three-year fixed deposit to general citizens, and 7.5 percent to senior citizens. ICICI Bank also offers similar rates i.e., 7 percent to general citizens and 7.5 percent to senior citizens. Another private bank Federal Bank offers 7 percent to general citizens and senior citizens as per the rates which were announced on October 16. FD interest rates on 3-year fixed deposit Bank General Senior Citizens HDFC Bank 7 7.5 ICICI Bank 7 7.5 Kotak Mahindra Bank 7 7.6 Federal Bank 7 7.5 Union Bank of India 6.7 7.2 State Bank of India 6.75 7.25 Bank of Baroda 6.8 7.4 State lenders The largest lender State Bank of India offers 6.75 percent to general citizens and 7.25 percent to senior citizens as per the rates which came into effect on June 15.