Fixed Deposits: Which Bank Offers Highest Interest on Rs 5 Lakh for 3 Years?

• Fixed Deposits are a preferred investment for those prioritizing safety and stable returns over market-linked risks.
• Interest rates and tenures for FDs vary across banks, making it crucial to compare before investing.
• For a 3-year FD of Rs 5 lakh, ICICI Bank, HDFC Bank, and Axis Bank offer the highest interest at 6.45%, maturing to approximately Rs 6.05 lakh.
• SBI offers 6.30%, while Canara Bank and Bank of Baroda provide 6.25% for the same tenure and amount.
• DICGC insures deposits up to Rs 5 lakh per depositor per bank; for larger amounts, consider opening FDs in multiple banks.

Why It Matters: Compare bank interest rates for FDs; ICICI, HDFC, and Axis offer top rates for a 3-year Rs 5 lakh deposit.