Highest profit on ₹1 lakh FD! Choose the best bank from SBI, HDFC, and ICICI to get strong returns!

Fixed deposits (FDs) have long been the top choice of Indian investors because they offer very low risk and guaranteed returns. People invest their hard-earned money in FDs with different banks. This is why banks offer strong returns on FDs to investors. If you're considering investing in FDs and are confused about which one to invest in, such as SBI, HDFC, or ICICI, we'll explore which of these banks offers the best returns.

FDs are Safe for Investment

FDs are an investment option that offers safe and guaranteed returns for everyone. The recent increase in interest rates in the banking sector has provided investors with a golden opportunity to earn. Many banks have started offering attractive returns on three-year FDs, providing investors with higher profits than before.

If you're looking for higher returns, IndusInd Bank could be a great option right now. The bank is offering 6.65% annual interest on its 3-year FDs. This means that if you make an FD of ₹1 lakh, you'll receive approximately ₹1,19,950 upon maturity.

Axis Bank and ICICI Bank's returns are also strong.

Furthermore, both Axis Bank and ICICI Bank are offering a 6.6% interest rate on 3-year FDs. This means that if you invest ₹1 lakh here, it will become approximately ₹1,19,800 after three years.

HDFC and Kotak Mahindra Bank rates

Big names in the private sector, HDFC Bank and Kotak Mahindra Bank, are currently offering an interest rate of approximately 6.4% on 3-year FDs. By investing in these two banks, an amount of ₹1 lakh will reach approximately ₹1,19,200 in three years.

Returns from public sector banks are also better.

Public sector banks like Bank of Baroda and Union Bank of India are also offering investors an interest rate of 6.4%. Returns from these banks are also roughly similar to those from private banks.

SBI (State Bank of India), the country's largest bank, offers a 3-year FD of approximately 6.3%, with which a ₹1 lakh deposit will become approximately ₹1,18,900 after three years.

Canara Bank and PNB are not far behind.

If you invest in Canara Bank or Punjab National Bank (PNB), they also offer an interest rate of approximately 6.25% on a 3-year FD. At this interest rate, a ₹1 lakh deposit will become approximately ₹1,18,750 upon maturity.

What is the best option for investors?

If your goal is safe returns and capital protection, FDs are a good option. However, interest rates vary from bank to bank, so it's important to compare before investing. IndusInd Bank and ICICI Bank currently offer the best returns, while among public sector banks, SBI, Bank of Baroda, and PNB remain stable and affordable investment options.

Bank Interest Rate and Return Comparison Table for 3-Year FDs

Note: Interest rates may change from time to time, so be sure to check your bank's latest FD rates before investing.

FD Conclusion

Investing in a three-year FD can offer good returns without any risk. According to current interest rates, an FD of ₹1 lakh can yield a profit of ₹18,750 to ₹19,950. This means that even small savings can safely increase your earnings. So, if you want a stable income, this is the best time to invest in an FD.

Bank Name 3-Year FD Interest Rate (per annum) Maturity Amount on ₹1 Lakh Investment (after 3 years) Segment

IndusInd Bank	6.65%	₹1,19,950	Private Bank
Axis Bank	6.60%	₹1,19,800	Private Bank
ICICI Bank	6.60%	₹1,19,800	Private Bank
HDFC Bank	6.40%	₹1,19,200	Private Bank
Kotak Mahindra Bank	6.40%	₹1,19,200	Private Bank
Bank of Baroda	6.40%	₹1,19,200	Government Bank
Union Bank of India	6.40%	₹1,19,200	Government Bank
State Bank of India (SBI)	6.30%	₹1,18,900	Government Bank
Canara Bank	6.25%	₹1,18,750	Government Bank
Punjab National Bank (PNB)	6.25%	₹1,18,750	Government Bank

(Note: This article is for informational purposes only and should not be construed as investment advice. It's recommended to consult a financial advisor before making an investment.)

5 FAQs

1. How much interest is being paid on a 3-year IndusInd Bank FD?
IndusInd Bank is offering 6.65% interest on a 3-year FD.

2. What is the interest rate of Axis Bank and ICICI Bank?
Both banks are offering a 6.6% annual interest rate on 3-year FDs.

3. How much return is SBI offering on a 3-year FD?
SBI's 3-year FD offers 6.3% interest, which translates to ₹1,18,900 on ₹1 lakh.

4. Which public sector bank offers better returns?
Bank of Baroda and Union Bank of India offer 6.4% interest on 3-year FDs.

5. Is FD investment safe?
Yes, FDs are a completely safe and guaranteed return investment option, suitable for every investor.