IN PICS | Banks Offering Up To 8 Per Cent Interest On Three-Year Fixed Deposits

Smaller private banks and small finance banks are offering higher interest rates, compared to larger banks to attract new deposits.

AU Small Finance Bank offers 8 per cent interest on FDs for investments made for a maximum of three years, one of the best interest rates among small finance institutions.

Union Bank of India offers an interest rate of 7.30 per cent. This is one of the most lucrative interest rates among public sector banks. In three years, an initial investment of Rs 1 lakh will increase to Rs 1.24 lakh.

IDFC First Bank and IndusInd Bank offer 7.75 per cent interest on FDs with three-year tenure. A sum of Rs 1 lakh invested in FDs of these banks grows to Rs 1.26 lakh in three years.

DCB Bank offers 7.60 per cent interest on FDs with three-year tenure. A sum of Rs 1 lakh invested in this fixed deposit will grow to Rs 1.25 lakh in three years.

Bandhan Bank offer 7.25 per cent interest on FDs with three-year tenure. A sum of Rs 1 lakh invested in this fixed deposit will grow to Rs 1.24 lakh in three years.

Deutsche Bank offers 7.75 per cent interest for FDs with a three-year tenure.