FD Rates: Still most people consider investing in Fixed Deposit to be the safest. Most investors look for short term FDs in which they can get higher interest. Here we are telling you about three year investment option in which you can get more profit.
FD Rates: Still most people consider investing in Fixed Deposit to be the safest. Most investors look for short term FDs in which they can get higher interest. Here we are telling you about three year investment option in which you can get more profit. According to data from BankBazaar.com, the average interest rate on three-year FD is 7.6 percent. Here is the list of those banks which are giving the highest interest on 3 year FD.
Suryoday Small Finance Bank
Suryoday Small Finance Bank gives 8.6 percent interest on three-year FD. This is the best rate on 3 year FD among small finance banks. Here an investment of Rs 1 lakh increases to Rs 1.29 lakh in three years.
AU Small Finance Bank
Small Finance Bank and Equitas Small Finance Bank offer 8 percent interest on three-year FDs. An investment of Rs 1 lakh here will increase to Rs 1.27 lakh in three years.
DEUTSCHE BANK
Among foreign banks, Deutsche Bank is offering 7.75 percent interest on three-year FD. The amount of Rs 1 lakh invested in FD of these banks will increase to Rs 1.26 lakh in three years.
DCB Bank
DCB Bank gives 7.60 percent interest on three-year FD. It is offering the highest interest among private sector banks. Here an investment of Rs 1 lakh will increase to Rs 1.25 lakh in three years.
Bandhan Bank
Bandhan Bank, IDFC First Bank, IndusInd Bank and Yes Bank offer 7.25 percent interest on three-year FDs. An investment of Rs 1 lakh will grow to Rs 1.24 lakh in three years.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank gives 7.20 percent interest on three-year FD. An investment of Rs 1 lakh grows to Rs 1.24 lakh in three years.
