Investors prefer to invest their money in fixed deposits of big public sector banks and private banks. Here we are going to tell you how much interest is available on FD for three years in top government banks.
According to the data of Reserve Bank of India for the financial year 2022, investors prefer to invest their money in fixed deposits of big public sector banks and private banks. According to statistics, FD investment in big government banks and private banks is 76 percent of the total bank deposits. This is despite small private banks and small finance banks offering higher interest rates. With fixed deposits, investors get liquidity and fixed interest income at regular intervals.
Here we are going to tell you how much interest is available on FD for three years in top government banks. According to Moneycontrol, this data has been compiled by Bankbazaar.
Bank of Baroda
Bank of Baroda offers interest rates up to 7.25 percent on three-year FDs. This bank offers the best interest rates among government banks. The amount of Rs 1 lakh invested here will increase to Rs 1.24 lakh in three years.
Punjab National Bank
Punjab National Bank offers interest rates up to 7 percent on three-year FDs. The amount of Rs 1 lakh invested here will increase to Rs 1.23 lakh in three years.
Canara Bank
Canara Bank offers interest rates up to 6.8 percent on three-year FDs. The amount of Rs 1 lakh invested here will increase to Rs 1.22 lakh in three years.
State Bank of India and others
State Bank of India (SBI), Union Bank of India, Bank of India and Indian Overseas Bank offer interest rates up to 6.5 percent on three-year FDs. The amount of Rs 1 lakh invested here will increase to Rs 1.21 lakh in three years.
UCO Bank offers interest rates up to 6.3 percent on three-year FDs. The amount of Rs 1 lakh invested here will increase to Rs 1.21 lakh in three years.
