Fixed Deposit (FD) is a safe way to invest your savings, guaranteeing income after a fixed period.
Notably, several smaller banks are now offering attractive interest rates to customers on 3-year FDs.
Suryoday Small Finance Bank is offering an impressive 8.6% interest rate on 3-year FDs. Investing Rs 1 lakh initially will grow your savings to Rs 1.29 lakh in 3 years.
AU Small Finance Bank and Equitas Small Finance Bank both provide an 8% interest rate on 3-year FDs. An initial investment of Rs 1 lakh will yield Rs 1.27 lakh after 3 years.
Deutsche Bank offers a competitive 7.75% interest rate on 3-year FDs, with an initial investment of Rs 1 lakh resulting in Rs 1.26 lakh after 3 years.
DCB Bank provides a 7.60% interest rate on 3-year FDs. An initial investment of Rs 1 lakh will grow to Rs 1.25 lakh after 3 years.
Bandhan Bank, IDFC First Bank, and IndusInd Bank offer a 7.25% interest rate on 3-year FDs. If you invest Rs 1 lakh initially in FDs with these banks, your savings will increase to Rs 1.24 lakh after 3 years.
Ujjivan Small Finance Bank offers a 7.20% interest rate on 3-year FDs. Investing Rs 1 lakh in this FD will yield a return of Rs 1.24 lakh after 3 years.
