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Top 10 Public, Private Sector Banks Offering Highest Rates On 3-Year Fixed Deposits

Fixed deposits are financial instruments banks offer that let investors make a one-time payment at a set interest rate for a set period. The specified tenure ensures a fixed return on investment.

Zee Media Bureau|

Updated:Oct 29, 2024, 08:41 AM IST

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Fixed Deposits (FDs) are a well-liked investment choice renowned for their reliability. Fixed deposits may be just what you need to increase your savings. However, you should be aware of the interest rates various banks provide on fixed deposits before investing in them. Check the interest rates offered by the top 10 banks in India on their three-year fixed deposits.

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State Bank of India (SBI)

State Bank of India offers 6.75 percent to general citizens and 7.25 percent to senior citizens. These rates were introduced on June 15, 2024.

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Punjab National Bank

On its three-year fixed deposit, Punjab National Bank offers 7 percent and 7.5 percent to general citizens and senior citizens, respectively.

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Union Bank of India

Union Bank of India offers 6.70 and 7.20 percent to general citizens and senior citizens, respectively. The rates are effective from Aug 2, 2024.

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HDFC Bank

For its three-year fixed deposit, HDFC Bank offers 7 percent per annum to general citizens and 7.5 percent to senior citizens. The latest rates came into force on July 24, 2024.

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ICICI Bank

ICICI Bank is offering 7 percent and 7.5 percent to general citizens and senior citizens on its 3-year fixed deposits. The rates came into force on Oct 28, 2024.

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Kotak Mahindra Bank

Kotak Mahindra Bank is offering 7 percent to general citizens and 7.6 percent to senior citizens. These rates were introduced on June 14, 2024.

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Federal Bank

Federal Bank offers 7 percent and 7.5 percent to general and senior citizens. The latest announcement was made on Oct 16.

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Bank of Baroda

Bank of Baroda is offering 7.15 percent to general citizens and 7.65 percent to senior citizens. The rates were rolled out on Oct 14.

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IndusInd Bank

IndusInd Bank offers 7.25 percent and 7.75 percent to general citizens and senior citizens respectively.

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Central Bank of India

Central Bank of India offers 6.75 percent and 7.25 percent to general citizens and senior citizens respectively. The rates came into effect from Aug 10, 2024.