High interest on Fixed Deposit: If you have not yet started investing money in your FD, then start it soon because many banks offer great interest on FD. Despite having many investment options, fixed deposits are still a favorite among people.
FD is not just a way to invest money but if you need money then you can take a loan against FD and you can repay it as per your convenience.
The biggest advantage of investing in this is that you are told at the very beginning of the investment how much profit you will get on maturity.
Let us tell you which are those banks in which you can get huge interest on FD of 3 years by depositing Rs 1 lakh.
Invest in SBI FD
If you make an FD of Rs 1 lakh for 3 years in SBI Bank with an interest rate of 7%, you will get Rs 1,23,144.
Apart from this, SBI had increased the interest rates on deposits with maturity of 1 year to 6.80 percent in February 2023. According to this, if you have deposited Rs 1 lakh for 1 year, then you will get interest of Rs 6,975 in a year and on maturity you will get a total of Rs 1,06,975.
Invest in HDFC Bank FD
HDFC Bank gives you Rs 1,23,144 for an FD of Rs 1 lakh for 3 years with an interest rate of 7%.
Let us tell you that the FD interest rates of HDFC Bank are 3 to 7.25% per annum for common people, while for senior citizens it is 3.50%-7.75% per annum. HDFC Bank offers tax saving FD at 7.00% per annum for general citizens and 7.50% per annum for senior citizens for a tenure of 5 years.
Invest in PNB Bank FD
If you make an FD of Rs 1 lakh in this bank for 3 years, then with an interest rate of 7% you will get Rs 1,23,144.
For your information, let us tell you that FD interest rates of Punjab National Bank start from 3.50-7.25% per annum and for senior citizens from 4.00-7.75% per annum. These interest rates are applicable for tenures ranging from 7 days to 10 years.
Invest in RBL Bank FD
You get Rs 1,25,710 by making an FD of Rs 1 lakh for 3 years in RBL Bank with an interest rate of 7.70%.
Invest in IDFC Bank FD
You will get Rs 1,24,055 by making an FD of Rs 1 lakh for 3 years in IDFC Bank with an interest rate of 7.25%.
Apart from these banks, you can also get a three year FD in Axis Bank. In this you get 7.10 percent interest rate.
Rs 1 lakh invested in this FD for three years will increase to Rs 1,23,508 lakh. At the same time, ICICI Bank, Punjab National Bank and HDFC Bank offer 7 percent interest rate on three-year FD. Rs 1 lakh invested for three years will grow to Rs 1,23,144 lakh.
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