Top 10 Banks With Highest Interest Rates On 3-Year FDs In 2021

Our take

In its most recent monetary policy review, the Reserve Bank of India (RBI) predicted retail inflation at 5.3 percent for the current fiscal year. This effectively suggests that once inflation gets back to normal, the RBI may seek to lower interest rates to stimulate economic growth. Interest rates are projected to continue low as central banks seek to revive the economy decimated by the epidemic through monetary policy actions.

With a further reduction in repo rates, banks may drop their interest rates even further, and both inflation and interest rates are expected to decline over time, therefore we recommend that our readers invest in short-term fixed deposits or, to avoid this problem, they can break their investment into separate amounts and invest it for different tenors. And while we are on the subject of short-term fixed deposits, here are the country's top 5 banks based on our research that are currently offering the highest interest rates on three-year fixed deposits of less than Rs 2 Cr.

Top 10 Public Sector Banks Promising Highest Interest Rates On 3 year FDs In 2021

Based on our research, here are the top 10 public sector banks that are currently providing the highest interest rates on 3 year fixed deposits in the country.

Top 10 Private Sector Banks Offering Highest Interest Rates On 3 year FDs In 2021

According to our findings, the below listed are the top ten private sector banks in the country offering the highest interest rates on three-year fixed deposits.

Top 10 Small Finance Banks Providing Highest Interest Rates On 3 year FDs In 2021

According to our analysis, here are the top 10 small finance banks in the country which are now offering the highest interest rates on three-year fixed deposits.