These 5 Private Sector Banks Offering Highest Interest Rates On 3-Year FD Up To 6.60%

| Updated: Thursday, June 23, 2022, 19:39 [IST]

Fixed deposit investments can assist you in both saving and growing your money. They're also one of the safest investments you'll ever make. Market conditions do not affect the interest rate on your FD until it matures. Since repo hike by RBI, FD rates are rising, it is an excellent moment to invest your money. The interest rate on a fixed deposit is critical in deciding your return on investment. You can take advantage of rising rates by employing a variety of strategies to increase your profits.

With these 5 private sector banks, you can earn interest rates up to 6.60% p.a. for 3-year tenure, allowing you to earn significant profits quickly. You may invest in these FDs with ease because of straightforward online processes and a low minimum deposit requirement.

DCB Bank

The bank recently hikes the Fixed Deposit Interest rates. The new FD rates are effective from 22 June 2022. According to the bank, the tenure options from DCB Bank FD range from seven days to ten years. The bank offers the highest 7.10 per cent and lowest4.80 per cent interest rate on deposits less than Rs 2 Crore. The 3-year bank FD interest rate is 6.60 per cent for regular deposits and 7.10 per cent for senior citizen deposits.

Fixed Deposit Rates For Deposits Below 2 Crore

Tenor	Normal Deposits	Senior Citizen
More than 700 days to less than 36 months	6.60%	7.10%
36 months	6.60%	7.10%
More than 36 months to 60 months	6.60%	7.10%

Source-DCB Bank

IndusInd Bank

IndusInd Bank has also hiked its FD rates recently. With effect from June 21, 2022, the bank has hiked the interest rate on fixed deposits on deposits below 2 Crore. According to the bank, the Interest is compounded quarterly. For maturity periods 2 years 9 months to less than 3 years and 3 years to below 61 Months the interest rates are 6.50 per cent for normal deposits and 7% for senior citizens.

FD Rates for deposits below 2 Crore effective from 22 June 202

Tenor	Normal Deposits	Senior Citizen
2 years 9 Months to below 3 years	6.50%	7.00%
3 years to below 61 month	6.50%	7.00%

Source- IndusIndbank.com

Yes Bank

According to the Yes Bank, for deposits below 2 crores, the bank offers 6% & 6.50% on normal deposits & senior citizen deposits for tenure between 1 year to less than 18 Months. Between 18 months to 3 years and for the tenure of 3 years to 10 years the bank offers 6.50% on normal deposits and 6.66% on senior citizen deposits.

FD rates for deposits below 2 Crore effective from 18th June 2022

Tenor	Normal Deposits	Senior Citizen
18 Months to < 3 Years	6.50%	7.00%
3 Years to <= 10 years	6.50%	7.25%

Source- yesbank.in

RBL Bank

According to the RBL Bank, the current interest rate on deposits below 2 crores is effective from June 8, 2022. RBL Bank offers fixed deposit accounts with several special features to meet various needs of the investor. The bank offers the highest 6.50 per cent to normal deposits and 7 per cent to senior citizens on maturity period between 24 months to less than 36 Months. For 36 months or 3 years to 60 months, the bank offers 6.30 to normal deposits & 6.80 per cent to senior citizens A 3-year bank FD is available at a 6.30 per cent interest rate.

FD rates for deposits below 2 Crore effective from June 08, 2022

Tenor	Normal Deposits	Senior Citizen
24 months to less than 36 months	6.50%	7.00%
36 months to less than 60 months	6.30%	6.80%
60 months to 60 months 1 day	6.30%	6.80%

Source- rblbank.com

IDFC First Bank

FD with IDFC FIRST Bank comes with many features and benefits to help you make more money. The bank is one of the leading private sector banks. FD with the IDFC bank offers a variety of features. Seniors also benefit from an additional 0.50 per cent in interest earnings. For deposits below 2 crores, the bank offers 6.25 per cent interest on normal deposits and 6.75 per cent on senior citizens' deposits 3-year tenure.

FD rates for deposits below 2 Crore