Investment: Looking to invest money for just 3 years? These top 6 banks are offering you the opportunity...

Fixed deposits (FDs) have always been a reliable option for investors. They are safe and offer fixed interest rates. However, interest rates are not the same across banks. That's why it's crucial to compare banks before investing.

People often open FDs with their home bank without thinking. However, a little research can help you reap the benefits of higher interest rates over the years, especially if you're looking for a long-term FD (3-year term deposit). Let's find out the interest rates offered by the top six banks in the country on 3-year FDs.

1- HDFC Bank

HDFC Bank offers 6.45% interest on three-year FDs, while the rates for one-year and two-year FDs are 6.25% and 6.45%, respectively. Senior citizens receive an additional 0.50% interest. These rates are effective from June 25, 2025.

2- ICICI Bank

ICICI Bank offers 6.60% interest on three-year FDs for general citizens and 7.10% for senior citizens. One-year FDs offer 6.25% interest, and two-year FDs offer 6.40% interest. These rates are ideal for those seeking long-term investments.

3- Federal Bank
Federal Bank offers nearly the same interest rate across all FD tenures. One-year, two-year, and three-year FDs offer 6.40%, 6.50%, and 6.50% interest rates, respectively. These rates are effective from August 18, 2025.

4- State Bank of India (SBI)
SBI, the country's largest bank, offers 6.30% interest on three-year FDs for general customers and 6.80% interest for senior citizens. One-year and two-year FDs offer 6.25% and 6.45% interest, respectively. These rates are effective from July 15, 2025.

5- Bank of Baroda

Bank of Baroda offers 6.50% interest on three-year FDs to general citizens and 7% to senior citizens. One-year and two-year FDs offer 6.25% and 6.50% interest, respectively. These new rates came into effect from September 12, 2025.

6- Union Bank of India
Union Bank offers 6.60% interest on three-year FDs and 7.10% interest on senior citizens. One-year FDs offer 6.40% interest, and two-year FDs offer 6.50% interest. These rates came into effect from August 20, 2025.

Conclusion
While fixed deposits are considered a safe investment, it's worth comparing banks to find a higher interest rate. Both private and public sector banks offer attractive returns on three-year FDs. By choosing the right bank, investors can secure good returns in the coming years.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.