What are the top interest rates on 3-year FDs offered by Indian banks?

ICICI Bank and Federal Bank are offering the highest rates of 6.6% for regular customers and 7.1% for senior citizens on 3-year fixed deposits.

How do the FD rates of public sector banks in India compare to private banks?

Public sector banks like Union Bank of India and Bank of Baroda are also providing competitive rates, with Union Bank offering 6.6% to regular customers and 7.1% to seniors on 3-year FDs.

Home / Business and Economy / Seniors Earn More: Banks Offer Attractive Rates on 3-Year Fixed Deposits

Seniors Earn More: Banks Offer Attractive Rates on 3-Year Fixed Deposits

Q: Why is the extra 50 basis points for senior citizens important?

The additional 50 basis points offered by most banks to senior citizens can make a noticeable difference to their income, especially if they depend on interest for day-to-day expenses.

6 Aug

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Summary

ICICI Bank and Federal Bank offer 7.1% on 3-year FDs for seniors
HDFC Bank, Kotak Mahindra Bank also provide competitive rates
Extra 50 basis points for seniors can make a noticeable difference

Seniors Earn More: Banks Offer Attractive Rates on 3-Year Fixed Deposits

As of August 6th, 2025, the interest rates on fixed deposits (FDs) in India have been gradually softening, following earlier cuts by the Reserve Bank of India (RBI). However, banks are still offering attractive rates, particularly on 3-year FDs, which can be a smart financial move for those looking for steady returns without risk.

Among the leading banks, ICICI Bank and Federal Bank are currently providing the most attractive interest rates for 3-year FDs. Both banks are offering 6.6% to regular customers and 7.1% to senior citizens. HDFC Bank follows closely, offering 6.45% for general depositors and 6.95% for senior citizens. Kotak Mahindra Bank also stands out, with 6.4% for regular customers and 6.9% for seniors.

In the public sector banking space, Union Bank of India and Bank of Baroda are offering competitive rates as well. Union Bank is giving 6.6% to regular customers and 7.1% to senior citizens, while Bank of Baroda is providing 6.5% and 7% for general and senior citizens, respectively.

The extra 50 basis points offered by most banks to senior citizens can make a noticeable difference to their income, especially if they depend on interest for day-to-day expenses. With repo rates possibly heading downward in the future, locking in higher FD rates now could be a smart financial move for seniors and other investors.

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