Banks Offering Up to 7.75% Interest on 3-Year FDs Post RBI Rate cut

Following the Reserve Bank of India’s repo rate cut, several banks have adjusted their fixed deposit interest rates. While many have lowered rates, some still offer attractive returns on three-year FDs, making them a solid choice for investors seeking stable earnings.

Equitas Small Finance Bank leads with 7.75% interest for the general public and 8.25% for senior citizens, turning a ₹1 lakh deposit into ₹1.26 lakh and ₹1.28 lakh, respectively. AU Small Finance Bank follows with 7.5% for regular investors and 8% for seniors, growing ₹1 lakh to ₹1.25 lakh and ₹1.27 lakh.

Canara Bank offers 7.2% interest for the general public and 7.7% for seniors, while Bank of Baroda provides 7.15% and 7.65%, respectively. Larger banks like State Bank of India and Punjab National Bank offer 6.75% for regular investors and 7.25% for seniors.

With FD rates fluctuating, investors should compare options before locking in deposits. Senior citizens, in particular, can benefit from higher interest rates, ensuring better returns on their savings.