Fixed deposits are among the most preferred traditional investment avenues in the country. Not only do they offer attractive interest rates but also flexible tenors. You can choose to invest in an FD for 3 months, to even 10 years without hassles.
The timeline you choose will dictate whether you have invested in a short-term FD, mid-term FD, or long-term FD. Each of these is primarily differentiated by its tenor.
Read on to learn more about the applicable FD interest rates for 3-month tenors across issuers, their benefits, and more.
The FD rates for 3 months are fairly competitive and can help you earn adequate profits. The interest rates offered to you depend on numerous factors, one of which is your age.
Check out this table to know the FD interest rates for 3 months across various issuers.
Name of the Institution |
Regular Citizens (p.a.) |
Senior Citizens (p.a.) |
PNB Housing Finance |
NA |
NA |
Mahindra Finance |
NA |
NA |
Bajaj Finance |
NA |
NA |
YES Bank |
4.10% |
4.60% |
AU Small Finance Bank |
4.25% |
4.75% |
Ujjivan Small Finance Bank |
4.75% |
5.25% |
SBI Bank |
4.50% |
5.00% |
Canara Bank |
5.25% |
5.25% |
IDFC First Bank |
4.50% |
5.00% |
Punjab National Bank |
4.50% |
5.00% |
Bank of India |
4.50% |
5.00% |
Disclaimer: The above interest rates are subject to change at the issuer’s discretion.
Your earnings on a fixed deposit primarily depend on the deposit amount, tenor, and the applicable interest rates. The interest rates applicable on a 3-month tenor vary for each issuer, so your earnings will also vary.
People, sometimes, for a short tenor as it is an efficient way to earn returns when you hold transitory funds. It offers liquidity and is also a low-risk option.
An easy way to calculate returns is to use an online FD calculator. All you need to do is enter the tenor and principal amount with your interest rate to get your estimated earnings.
Yes, various financial institutions offer FD for 3 months. Compare various issuers and choose one offering the best interest rates for a tenor of 3 months.