Fixed Deposit: Up to 7.75% interest on 3-year FD, know which banks are paying the most interest

New Delhi, Business Desk. FD is one of the most popular schemes of investment in the country. Investments in this scheme provide guaranteed returns, so many investors prefer to invest in this fund. At the same time, many investors consider FD or fixed deposit scheme more secure and invest in this scheme instead of equity. Fixed deposits are also called term deposits. This is because any investor makes a Fixed Deposit for a predetermined period. In such a situation, at the time of making a fixed deposit, it is known that you will get a return at the time of maturity.  

It is important for you to know here that since February last year till date the Reserve Bank of India has reduced the repo rate by a total of 2.50 percent. This has also affected the interest paid by banks on FDs and in recent times banks have also reduced their FD rates significantly. However, there are still some banks that are paying interest of up to 7.75 percent on 3-year FD. Let’s know who is paying more interest on FDs up to two crore rupees: 

1. Utkarsh Small Finance Bank: This small finance bank is offering interest of 7.75% to common depositors on FDs of more than 701 days. The bank will pay 8.25 percent interest to senior citizens for the same period. 

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2. RBL Bank: If you make a three-year FD in this bank, you will get interest at the rate of 7.25% from the bank. 

3. AU Small Finance Bank: This small finance bank is paying interest at the rate of 7.25 percent on the FD of three years.

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