Latest FD Interest Rates: SBI, PNB, HDFC Bank, ICICI Bank, other lenders pay these returns on 3-year deposits now
Latest FD Rates: Fixed Deposits, commonly known as FDs, are a popular investment choice for those seeking safe, predictable returns. With FDs, you invest a lump sum amount for a specific period of time with a bank. The amount earns interest at a fixed rate, which is set by the bank at the time of account opening.
If you're planning to park your money in a 3-year FD, several banks offer competitive interest rates. Some of the leading options include State Bank of India (SBI), Bank of Baroda (BOB), Punjab National Bank (PNB), HDFC Bank, Canara Bank, and more. These banks provide different interest rates, depending on whether you are a regular investor or a senior citizen.
Image Credit: ANI/Pixabay/Official Website
Current FD Rates Offered By Banks For 3-Year Tenure
While public sector banks like SBI and BOI typically offer stable, slightly lower rates, private sector banks such as HDFC Bank and ICICI Bank may provide higher returns. Here, we compared the current FD rates offered by these for a 3-year tenure, helping you choose the best option to maximise your returns.
SBI
At State Bank of India (SBI), general customers receive an interest rate of 6.75 per cent for FDs with a tenure of 3 years, while senior citizens enjoy a higher rate of 7.25 per cent.
PNB
In Punjab National Bank (PNB), general citizens can earn 7.00 per cent interest on FDs of 3-year tenure, while senior citizens receive 7.50 per cent.
Canara Bank
In Canara Bank, general citizens can earn 6.80 per cent interest on FDs of 3-year tenure, while senior citizens receive 7.30 per cent.
Bank of Baroda
Bank of Baroda (BOB) offers 7.15 per cent interest for general customers and 7.65 per cent for senior citizens on FDs of 3-year tenure.
Bank of India
At Bank of India (BOI), both general customers and senior citizens can earn 6.50 per cent and 7.25 per cent interest, respectively, on 3-year FDs.
HDFC Bank
HDFC Bank offers 7 per cent interest for general customers and 7.50 per cent for senior citizens on FDs of 3-year tenure. These rates are also applicable on FDs of 5-year tenure.
Union Bank of India
At Union Bank of India, general customers receive an interest rate of 6.70 per cent for FDs with a tenure of 3 years, while senior citizens enjoy a higher rate of 7.20 per cent.
ICICI Bank
At ICICI Bank, both general customers and senior citizens can earn 7 per cent and 7.50 per cent interest, respectively, on 3-year FDs. These rates are also applicable on FDs of 5-year tenure.
Central Bank of India
At Central Bank of India, general customers receive an interest rate of 6.75 per cent for FDs with a tenure of 3 years, while senior citizens enjoy a higher rate of 7.25 per cent.
Post Office
In the Post Office scheme, the interest rate on a 3-year FD is 7.10 per cent.