Best Fixed Deposit Interest Rate Bank: Know if you invest Rs 1 lakh in FD of these top public and private sector banks of the country, then how much money you will have after a period of just three years.
Private and public sector banks offer strong returns to senior citizens on three-year fixed deposits. According to the data compiled by Bank Bazaar, see which bank is giving what return on FD for a period of three years.
- Bank of Baroda offers an interest rate of 7.75 percent on three-year FD. Among public sector banks, it offers the highest interest rates to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.26 lakh in three years.
- Axis Bank offers 7.60 percent interest rate on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.25 lakh in three years.
- HDFC Bank, ICICI Bank and Punjab National Bank offer interest rates of 7.50 percent on three-year FDs. The amount of Rs 1 lakh invested now will increase to Rs 1.25 lakh in three years.
- Canara Bank gives 7.30 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.24 lakh in three years.
- State Bank of India (SBI) offers 7.25 percent interest rate on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.24 lakh in three years.
- Bank of India and Union Bank of India offer 7 percent interest rate on three-year FD. The amount of Rs 1 lakh invested now will increase to Rs 1.23 lakh in three years.
- Indian Bank gives 6.75 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.22 lakh in three years.
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