Investment: Want to invest in FD? Know which bank is offering the highest interest rate..

If you are thinking of investing your money safely, then a Fixed Deposit (FD) is a good option. By investing money in an FD, you get fixed interest and your money is also safe. But before getting an FD, one important thing is to compare the interest rates.

Nowadays, all banks offer different interest rates, and if you want more benefits, then it is better to get an FD in the bank that is giving the highest interest. Especially to senior citizens, banks often give more interest than to regular citizens. In most banks, this difference is about 50 basis points (0.50%).

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Know the banks giving the highest interest on 3-year FD
HDFC Bank, the country's largest private bank, is giving 6.45% interest to its regular customers and 6.95% interest to senior citizens on FD.

ICICI Bank is also a leading private bank, and it is giving a 6.60% interest rate on FD to customers and a 7.10% interest rate to senior citizens.

Kotak Mahindra Bank is giving a 6.40% interest rate to general citizens and a 6.90% interest rate to senior citizens on fixed deposits. These rates are applicable from 18 June.

Federal Bank Federal Bank has implemented new rates from 17 July. In this, general citizens are getting 6.60% and senior citizens are getting 7.10% interest rate.

Union Bank of India Government bank, is giving 6.60% interest to general citizens and 7.10% interest to senior citizens from July 7, 2025.

Punjab National Bank (PNB), a Government bank PNB gives 6.40% interest to general citizens and 6.90% interest to senior citizens.

Repo rate stable, but interest rates are falling
The Reserve Bank of India (RBI) had cut the repo rate by 100 basis points (1%) in the three recent Monetary Policy Committee (MPC) meetings. The repo rate is the rate at which banks borrow from the RBI. When this rate decreases, banks also start paying less interest to their customers. This is the reason why FD interest rates have also been decreasing for some time. However, in today's policy, the repo rate has been kept stable, due to which there has not been much change in the current interest rates of FD.

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