4 Banks Offering Over 8% Interest On 3-Year FDs – A Great Opportunity For Customers

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Looking to grow your savings? Fixed deposits (FDs) can be a better option than traditional piggy banks, providing a safer way to earn interest . By investing a lump sum amount for a fixed period, you can lock in a stable return, with banks offering various interest rates based on the chosen tenure. These rates can fluctuate over time.

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With FDs, customers can invest for periods ranging from 7 days to 10 years, selecting a duration that fits their needs, such as 1, 2, or 5 years. In October, many banks are offering highly competitive interest rates on 3-year fixed deposits, with some exceeding 8%. Let’s take a look at the banks offering the highest interest rates on 3-year domestic FDs.

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Jana Small Finance Bank ( 3-Year FD Rates)

Jana Small Finance Bank is providing an attractive interest rate of 8.25% for regular customers on 3-year FDs. Senior citizens can benefit from an additional 0.5%, making the rate 8.75%. You can invest up to ₹10 lakh in this FD.

Utkarsh Small Finance Bank (Fixed Deposit Interest)

Utkarsh Small Finance Bank offers 8.5% interest on FDs with tenures of 2 to 3 years for general citizens, while senior citizens enjoy a higher rate of 9.10%. Investments below ₹3 crore are eligible for these rates.

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Surya Small Finance Bank (SSFB FD Rates)

Surya Small Finance Bank is also offering lucrative returns, with 8.60% interest for general citizens on FDs lasting from 2 years 3 days to 3 years. Senior citizens are offered a rate of 9.10%. Like Utkarsh, investments under ₹3 crore are accepted.

Unity Small Finance Bank

At Unity Small Finance Bank, general citizens can earn 8.15% on 3-year FDs, while senior citizens can benefit from an 8.65% rate. Tenure options range from 1002 days to 3 years.

Disclaimer: This article is for informational purposes only and is based on various sources. It does not constitute investment advice. Readers are encouraged to seek professional guidance before investing in bank FDs , schemes, the stock market, IPOs, or funds.