Even today many people choose FD for investment. Bank fixed deposit is definitely included in everyone’s portfolio. Today we have brought for you a list of such banks which are giving the highest returns on 3-year FD. We have included all the big banks in this.
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New Delhi: Today there are many options for investment from stock market to ETF, mutual fund. But people still trust bank FD the most. You get guaranteed returns in bank FD. At the same time, it also works to keep the portfolio balanced.
Today we will know which are those big banks, which are giving the highest returns in 3-year FD. We have included both private and public banks in this list.
Banks giving the highest returns
| Bank | interest rate |
| Axis Bank | 6.60% |
| ICICI Bank | 6.60% |
| Union Bank Of India | 6.60% |
| bank of baroda | 6.50% |
| HDFC Bank Ltd | 6.45% |
| Punjab National Bank | 6.40% |
| State Bank Of India | 6.30% |
| Canara Bank | 6.25% |
| bank of india | 6.25% |
We have taken the above list from the website of Paisa Bazaar. According to this list, among the big public banks, Axis Bank is giving the highest return on 3-year FD. Axis Bank is offering 6.50 percent return on 3-year FD.
Among the private banks, Union Bank of India is giving the highest returns. It is also offering 6.50% return on 3-year FD.
Apart from this, famous banks like ICICI is offering 6.60% and HDFC is offering 6.45% in 3-year FD. Similarly, big government banks like SBI are offering 6.30% and Punjab National Bank is offering 6.40%.
When will the money deposited in FD double?
When the money will double in any investment platform depends on its return or interest rate. You just have to use this formula-
72/ Return received = Years (Money will double in this time)
In this way you can easily find out how much time it will take for the deposited money to double.
