Before investing your money in a fixed deposit (FD), it is important that you compare the interest rates offered by different banks on their term deposits. Generally, interest rates are higher on long-term fixed deposits, while short-term deposits offer lower interest rates. Here we are mentioning the interest rates offered by big banks on 3-year fixed deposits.

HDFC Bank: This bank offers a 7 percent interest rate on 3-year fixed deposits, while senior citizens get a 7.5 percent interest rate. This rate has come into effect from 24 July 2024.

ICICI Bank: India's second largest private bank ICICI Bank also offers interest rates like HDFC Bank. A 7 percent interest rate is available on 3-year fixed deposits and 7.5 percent for senior citizens.

Kotak Mahindra Bank: From June 14, 2024, this bank is offering a 7 percent interest rate for general citizens and a 7.6 percent interest rate for senior citizens on 3-year fixed deposits.

Axis Bank: From October 21, 2024, Axis Bank is offering a 7.1 percent interest rate to general citizens and a 7.6 percent interest rate to senior citizens on 3-year fixed deposits.

SBI (State Bank of India): State Bank of India gives a 6.75 percent interest rate to general citizens and a 7.25 percent interest rate to senior citizens on 3-year fixed deposits. This rate has come into effect from June 15, 2024.

PNB (Punjab National Bank): From October 1, 2024, Punjab National Bank is offering a 7 percent interest rate to general citizens and a 7.5 percent interest rate to senior citizens on 3-year fixed deposits.