FD Rates: Investors who do not want to take risk mostly invest in Fixed Deposit. Many small finance and private sector banks in the country are offering 8.6 percent interest on FD. This interest is higher than that of big government banks in the country.
FD Rates: Investors who do not want to take risk mostly invest in Fixed Deposit. Many small finance and private sector banks in the country are offering 8.6 percent interest on FD. This interest is higher than that of big government banks in the country. According to data from BankBazaar.com, the average interest rate of top 10 banks 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.
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