These banks are giving interest up to 7.75% on 3 -year -old FD, great opportunity to invest
Reserve Bank of India (RBI) Most Indian government and private banks have cut interest rates on fixed deposits (FD) since the repo rate reduction. This has shocked investors investing in FD. Senior citizens have the biggest impact that depends on FD for stable income. However, it is not that the option for those who make FD is over. Many banks are still paying good interest on FDs. We are telling you about the same banks who are paying up to 7.75% on 3 years FD.
Canra bank
Canara Bank is paying interest to the common people at the rate of 7.2 percent on 3 years FD. If an investor invests Rs 1 lakh for 3 years, he will get Rs 1.24 lakh on maturity. At the same time, the bank is providing interest to senior citizens at the rate of 7.7 percent. In such a situation, the investment of Rs 1 lakh to senior citizens will be increased to Rs 1.26 lakh after 3 years.
Equitas small finance bank
Equitas Small Finance Bank is paying interest to the common people at the rate of 7.75 percent on 3 years FD. If you invest Rs 1 lakh in it, then you will get Rs 1.26 lakh on maturity. The bank is paying interest to senior citizens at the rate of 8.25 percent. In such a situation, investment of Rs 1 lakh will increase to Rs 1.28 lakh.
AU Small Finance Bank
AU Small Finance Bank is paying interest to the general public at the rate of 7.5 percent on 3 years FD. If you invest 1 lakh rupees, then it will increase to Rs 1.25 lakh after 3 years. At the same time, the interest rate for senior citizens is 8 percent.
Bank of Baroda
Bank of Baroda is paying interest to the general public at the rate of 7.15 percent on 3 years FD. In such a situation, an investment of Rs 1 lakh will increase to Rs 1.24 lakh after 3 years. At the same time, the interest rate for senior citizens is 7.65 percent. At the same time, HDFC Bank, ICICI Bank and Axis Bank are paying interest to the common people at the rate of 6.9 percent on 3 years FD.
SBI and Punjab National Bank
State Bank of India (SBI) and Punjab National Bank are paying interest to the general public at the rate of 6.75 percent on 3 years FD. Investing Rs 1 lakh in these banks, you will get Rs 1.22 lakh on maturity.
Latest business news
