Positive FD interest rate news! Seniors may examine these banks' offerings to see whether they qualify for interest payments of Rs. 26,000

Positive FD interest rate news! Seniors may examine these banks' offerings to see whether they qualify for interest payments of Rs. 26,000

Positive FD interest rate news! Seniors may examine these banks' offerings to see whether they qualify for interest payments of Rs. 26,000

Rates on FDs: For the majority of older individuals, investing in FDs is the safest option. This is due to two factors. Firstly, the money, or primary amount, is kept secure in it. Its set interest, or revenue, is its second feature. These are some bank options if you're also interested in investing in three-year fixed-rate bonds.

FD Rates: According to the majority of older adults, investing in FDs is the safest option. This is due to two factors. Firstly, the money, or primary amount, is kept secure in it. Its set interest, or revenue, is its second feature. Here are some bank offerings that provide the highest interest rate on three-year fixed-rate bonds (FDs) if that's what you're also searching for. By investing Rs 1 lakh, you may earn up to Rs 26,000 in interest over a three-year period.

Baroda Bank

Baroda Bank

For three-year fixed-rate bonds, Bank of Baroda is providing interest at a rate of 7.75 percent. Bank of Baroda is the public sector bank that offers older folks the highest interest rate. In three years, the current investment of Rs 1 lakh will increase to Rs 1.26 lakh.

Bank Axis

Bank Axis

Seniors who have a three-year fixed deposit account (FD) with Axis Bank may earn interest at a rate of 7.60 percent. In three years, the current investment of Rs 1 lakh will increase to Rs 1.25 lakh.

Bank HDFC

Bank HDFC

Three-year fixed-rate deposits (FDs) from HDFC Bank, ICICI Bank, and Punjab National Bank have interest rates as low as 7.50%. In three years, the current investment of Rs 1 lakh will increase to Rs 1.25 lakh.

Bank Canara

Seniors who invest for three years at Canara Bank may earn an interest rate of 7.30 percent. In three years, the current investment of Rs 1 lakh will increase to Rs 1.24 lakh.

Indian State Bank (SBI)

Indian State Bank (SBI)

Senior folks may get 7.25 percent interest on three-year fixed-rate deposits from State Bank of India (SBI). In three years, the current investment of Rs 1 lakh will increase to Rs 1.24 lakh.

Indian Bank

On three-year fixed-rate deposits, Bank of India and Union Bank of India give interest at a rate of 7%. In three years, the current investment of Rs 1 lakh will increase to Rs 1.23 lakh.

Bank of India

Bank of India

Senior adults who invest for three years at Indian Bank may earn interest at a 6.75 percent rate. In three years, the current investment of Rs 1 lakh will increase to Rs 1.22 lakh.

India's Reserve Bank

India's Reserve Bank

The Reserve Bank of India (RBI) subsidiary Deposit Insurance and Credit Guarantee Corporation (DICGC) offers investment guarantees on FDs up to Rs 5 lakh. Put simply, it indicates that your Rs 5 lakh fixed deposit money is entirely secure.