Interest rates on long-term fixed deposits are the highest offered by these six institutions.

Banks generally provide lower interest rates on short-term fixed deposits and higher interest rates on long-term deposits.

Banks would probably follow the Reserve Bank of India's (RBI) 25 basis point repo rate cut after a five-year lull.

As a result, banks will soon begin to lower the interest rates they provide on fixed deposits.

In the meanwhile, banks have not yet lowered the interest rates on their deposits. Therefore, you might want to think about locking some money in a fixed income product before the interest rates drop if you wish to dedicate some of your cash there.

Banks often offer low interest rates on short-term fixed deposits and higher interest rates on long-term fixed deposits.

The interest rates that banks give on their three-year fixed deposits are listed here.

Three-year fixed deposit interest rates
HDFC Bank: The largest private bank gives 7.5 percent to senior residents and 7 percent to general citizens on three-year fixed deposits, as the table below illustrates.

ICICI Bank: This private lender gives senior citizens 7.5 percent and 7 percent on three-year fixed deposits.

Bank	General (%)	Senior citizens (%)
HDFC	7	7.5
ICICI	7	7.5
KMB	7	7.6
Federal	7.1	7.6
BOB	7.15	7.65
PNB	7	7.5