FD Interest Rate: The Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the 10th consecutive time in its monetary policy meeting. With this, the stance of its monetary policy was changed from withdrawal of accommodation to neutral.
FD Interest Rate: The Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the 10th consecutive time in its monetary policy meeting. With this, the stance of its monetary policy was changed from withdrawal of accommodation to neutral. This means that if the inflation rate decreases in the future, a reduction in interest rates is possible. Now experts believe that if you want more interest on FD, then you should get it done now because the interest rate may decrease in the future. We are telling you how much interest the big banks of the country are offering on three-year FD.
DCB Bank
DCB Bank is offering an interest rate of 7.55 percent on three-year FD. This bank is giving the best interest among private banks. In three years, an FD of Rs 1 lakh will become Rs 1.23 lakh.
RBL Bank
RBL Bank is offering 7.50 percent interest on three-year FDs. Here a deposit of Rs 1 lakh will become Rs 1.23 lakh.
SBM Bank
SBM Bank India is offering an interest rate of 7.30 percent on FDs. If you invest Rs 1 lakh, it will become Rs 1.22 lakh on maturity.
Bandhan Bank
Bandhan Bank is offering 7.25 percent interest on three-year FDs. Here Rs 1 lakh will become Rs 1.22 lakh on maturity.
IndusInd Bank
If you open an FD of Rs 1 lakh in IndusInd Bank, you will get interest at the rate of 7.25 percent. In this, you will get Rs 1.22 lakh on maturity. Yes Bank is also offering the same interest. Here also 1 lakh will increase to Rs 1.22 lakh.
Also Read- Bank FD Highest Interest: 5 banks giving the highest interest on 1 year FD, know FD interest rates & benefits
Bank of Baroda
Bank of Baroda is offering 7.15 percent interest on three-year FDs. It is offering the highest interest among public sector banks. In three years, Rs 1 lakh will grow to Rs 1.21 lakh.
Axis Bank
Axis Bank offers an interest rate of 7.10 percent on three-year FDs, which means Rs 1 lakh will become Rs 1.21 lakh on maturity.
Federal Bank
Rs 1 lakh on three-year FD in Federal Bank at an interest rate of 7 percent will become Rs 1.21 lakh on maturity.
HDFC Bank
HDFC Bank is offering 7 percent interest on 3-year FDs. Here the money will become Rs 1.21 lakh on maturity. ICICI Bank, IDFC First Bank and Karur Vysya Bank are also offering 7 percent interest on three-year FDs.
| Interest Rate on Three Year FD | ||
| Name of the Bank | Rate of interest (per annum) for a period of three years | How an amount of Rs 1 lakh grows in 3 years |
| DCB Bank | 7.55 | 1.23 Lakh |
| RBL Bank | 7.5 | 1.23 Lakh |
| SBM Bank India | 7.3 | 1.22 Lakh |
| Bandhan Bank | 7.25 | 1.22 Lakh |
| Indusind Bank | 7.25 | 1.22 Lakh |
| yes bank | 7.25 | 1.22 Lakh |
| Bank Of Baroda | 7.15 | 1.21 Lakh |
| Axis Bank | 7.10 | 1.21 Lakh |
| Federal Bank | 7 | 1.21 Lakh |
| HDFC Bank | 7 | 1.21 Lakh |
| ICICI Bank | 7 | 1.21 Lakh |
| IDFC First Bank | 7 | 1.21 Lakh |
| Karur Vysya Bank | 7 | 1.21 Lakh |
| Kotak Mahindra Bank | 7 | 1.21 Lakh |
| Punjab National Bank | 7 | 1.21 Lakh |
| Interest Rates as on October 8, 2024 | ||
| Source: Paisabazaar.com | ||
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