Indian customers still rely most on Fixed Deposits (FD) to get guaranteed income with bumper interest after a fixed period.
In the last few years, banks have started paying higher interest on fixed deposits. Many banks and non-banking financial companies (NBFCs) are offering interest up to 9.60 percent to their customers.
If you are also thinking of earning better profits by investing your savings in a bank for 3 years, then this news is for you.
Let us know about 5 such banks which are offering maximum interest of up to 8.60% to their customers on FD of 3 years.
SBM Bank
If you want to invest your savings in FD for 3 years, then SBM Bank can be a better option for you.
SBM Bank is offering 8.10% interest on FD for 3 years to its general customers while 8.60% interest for the same period to its senior citizen customers.
DCB Bank
DCB Bank is giving 8% interest to its general customers on 3 year FD. At the same time, the bank is offering interest up to 8.50% for the same period to its senior citizen customers.
Yes Bank
If you are a normal customer and invest your savings in Yes Bank for 3 years FD, then you will get 7.75% interest. Whereas senior citizen customers will get 8.25% interest on FD in this bank for 3 years.