If you are thinking about investing your money safely, then fixed deposits (FD) are a good option. You get a definite interest on investing money in FD and your money is also safe. But before getting FD, there is an important thing to compare interest rates.

Nowadays all banks offer different interest rates and if you want more profit, then it is better to get FD in that bank which is paying the most interest. Especially senior citizens (Senior Citizens) often pay more interest than regular citizens. In most banks, this difference is about 50 basis points (0.50%).

Know the banks are paying the most interest on 3 -year -old FD

• HDFC Bank is paying 6.45% to its regular customers on HDFC Bank FD and 6.95% interest to senior citizens on HDFC Bank FD.
• ICICI Bank ICICI Bank is also a major private bank and is giving customers 6.60% on FD and 7.10% to senior citizens.
• Kotak Mahindra Bank Kotak Mahindra Bank is giving interest rates to general citizens on 6.40% and 6.90% senior citizens on fixed deposits. These rates are applicable from June 18.
• Federal Bank Federal Bank has implemented new rates from 17 July. In this, ordinary citizens are getting 6.60% and senior citizens are getting 7.10% interest rate.
• Union Bank of India is paying 6.60% to ordinary citizens and 7.10% to senior citizens since July 7, 2025.
• Punjab National Bank (PNB) PNB pays 6.40% to general citizens and 6.90% to senior citizens.

Repo rate stable, but interest rates are falling

The Reserve Bank of India (RBI) had cut a 100 basis point (1%) in the repo rate in three meetings of the recent Monetary Policy Committee (MPC). The repo rate is the rate on which banks borrow from RBI. When this rate decreases, banks also start paying less interest to their customers. This is the reason that the interest rates of FD are also decreasing for some time. However, in today's policy, the repo rate has been kept stable, due to which the current interest rates of FD have not changed much.