SBI 3-Year FD vs HDFC 3-Year FD vs ICICI Bank 3-Year FD: Which FD will give the highest return on an investment of Rs 3 lakh?

Investing in fixed deposits (FDs) is a reliable way to protect your funds while earning interest. These deposits allow people to invest a lump sum for a fixed tenure, usually ranging from seven days to ten years. The interest rate offered may vary depending on the bank, the amount of the deposit, and the period chosen, which makes it important for investors to choose wisely.
Here’s a detailed look at the estimated return on a three-year fixed deposit of Rs 3,00,000 with State Bank of India (SBI), HDFC Bank, and ICICI Bank for both general and senior citizens.
State Bank of India (SBI)
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FD interest rates:
- Ordinary Citizens: 6.75% pa
- Adults: 7.25% pa
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Returns a Count:
-
General Citizen:
- Amount Invested: Rs 3,00,000
- Estimated returns: Rs 66,718
- Total Amount After 3 Years: Rs 3,66,718
-
Senior Citizen:
- Amount Invested: Rs 3,00,000
- Estimated returns: Rs 72,164
- Total Amount After 3 Years: Rs 3,72,164
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HDFC Bank
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FD interest rates:
- General Citizens: 7.00% pa
- Adults: 7.50% pa
-
Returns a Count:
-
General Citizen:
- Amount Invested: Rs 3,00,000
- Estimated returns: Rs 69,432
- Total Amount After 3 Years: Rs 3,69,432
-
Senior Citizen:
- Amount Invested: Rs 3,00,000
- Estimated returns: Rs 74,915
- Total Amount After 3 Years: Rs 3,74,915
-
ICIC Bank
-
FD Interest Rates:
- General Citizens: 7.00% pa
- Adults: 7.50% pa
-
Returns a Count:
-
General Citizen:
- Amount Invested: Rs 3,00,000
- Estimated returns: Rs 69,432
- Total Amount After 3 Years: Rs 3,69,432
-
Senior Citizen:
- Amount Invested: Rs 3,00,000
- Estimated returns: Rs 74,915
- Total Amount After 3 Years: Rs 3,74,915
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Choosing the right fixed deposit plan can have a huge impact on your savings. With SBI, HDFC Bank, and ICICI Bank offering competitive interest rates, investors can make informed decisions based on their financial goals and age group. Fixed deposits are always a safe investment option, they give you solid returns and help you grow your savings over time.