FD Tips: Want to invest in FD? These banks are giving the highest returns on 3-year FD..

Fixed deposit is a traditionally safe investment platform. Investors have been investing in FDs for centuries. If you are planning to deposit money in FD. Then this article is going to be very useful for you.

Today we will talk about such banks, in which the highest return is available on three-year FD. However, the interest rate available in these banks may increase further. Because recently RBI has decided to cut the repo rate under its MPC meeting.

The effect of the cut in the repo rate can be seen in the floating rate of fixed deposit and loan interest rates. Investment can be made in FD from a few days to many years. The duration of all the FDs mentioned below is 3 years.

These banks are offering the highest interest.

Bank of Baroda- Bank of Baroda is offering a 7.15 percent interest rate on a three-year FD. At the same time, senior citizens get 7.65 percent return in FD.

ICICI Bank- If you have an account in ICICI Bank, then you get up to 7 percent return on its three-year FD. At the same time, this bank offers up to 7.5 percent return to senior citizens.

Kotak Mahindra Bank- Like ICICI Bank, Kotak Mahindra Bank is also offering 7 percent return on three-year FD. Along with this, the bank is giving 7.5 percent return to senior citizen account holders.

HDFC Bank- The country's leading private bank, HDFC is offering 7 percent interest on three-year FD. Apart from this, senior citizens are being given up to 7.5 percent return.

IDFC Bank- However, IDFC Bank is offering lower interest rate than the banks mentioned above. This bank gives up to 6.8 percent return on three-year FD. Apart from this, 7.3 percent interest is being offered to senior citizens.

State Bank of India- The country's leading government bank SBI i.e. State Bank of India is also included in this list. This bank is offering 6.75 percent interest rate on three-year FD. Along with this, senior citizens get 7.25 percent return in this.

Union Bank of India- Union Bank of India is giving 6.7 percent return on three-year FD. Senior citizens get 7.2 percent return in this.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.