From SBI to ICICI Bank, where how much interest will be available on 3 -year FD

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Best 3-Year FD Rates: If you are thinking of getting fixed deposits, then before investing, compare the interest rates of different banks. Here the interest rates of 3 years fixed deposits of some major private and public sector banks have been given.

From SBI to ICICI Bank, where how much interest will be available on 3 -year FD

Best 3-Year FD Rates: Fixed Deposit (FD) is still considered the most trusted investment option in the country. Due to guaranteed and safe returns, investors of all ages like it. From tax saving to emergency funds, FD is beneficial in many ways. It proves useful for both short term and long -term investment. If you are thinking of getting FD, then before investing, please compare the interest rates of different banks. The rates may look slightly different, but this small difference makes a big difference in your earnings.

Here are the 3 -year fixed deposit interest rates of some major private and public sector banks, which are for investment of up to Rs 1 crore. These figures are till September 22 and for ordinary citizens (non-serial citizens). We have also done calculations of returns on investment of Rs 1 lakh.

IndusInd Bank: 6.65 percent interest rate, FD of Rs 1 lakh will be Rs 1,19,950 after three years.
ICICI Bank and Axis Bank: 6.6 percent interest rate, FD of Rs 1 lakh will be Rs 1,19,800 in three years.
Kotak Mahindra Bank and HDFC Bank: 6.4 percent interest rate, FD of Rs 1 lakh will be Rs 1,19,200 after three years.
Bank of Baroda and Union Bank of India: 6.4 percent interest rate, FD of Rs 1 lakh will be Rs 1,19,200 in three years.
State Bank of India (SBI): 6.3 percent interest rate, FD of Rs 1 lakh will be Rs 1,18,900 after three years.
Canara Bank and Punjab National Bank: 6.25 percent interest rate, FD of Rs 1 lakh will be Rs 1,18,750 in three years.

If the bank drown, you will get an amount up to Rs 5 lakh

Explain that under the Deposit Insurance and Credit Guarantee Corporation Act (DICGC), in the event of the bank’s closure or drowning, the amount of up to Rs 5 lakh of customers will be safe. If your money is deposited in a bank, then you can check by clicking on the link given below whether it is registered for deposit insurance or not…

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Vinoy Jha

After starting a career with print media, he has been working as a senior copy editor in AyraNews24x7Hindi for the last 8 years. Business news team is part of the team for almost 4 years. He has experience of about one and a half decades in the media. Business …Read more

After starting a career with print media, he has been working as a senior copy editor in AyraNews24x7Hindi for the last 8 years. Business news team is part of the team for almost 4 years. He has experience of about one and a half decades in the media. Business … Read more

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From SBI to ICICI Bank, where how much interest will be available on 3 -year FD

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