FD interest rates, Nov. 8 -- Before you open a fixed deposit, it is recommended to compare the interest rates offered by different banks. Even a small difference of 50 basis points can lead to significant savings over a period of time.

For instance, if you invest Rs.5 lakh in a fixed deposit over a period of 3 years, a higher interest of only 50 basis points can lead to extra savings of Rs.7,500. Now if the amount of deposit increases to Rs.10 lakh, it will lead to total savings of Rs.15,000.

Interetingly, banks offer extra 50 basis points to depositors who are senior citizens, thereby enabling them to earn a higher income.

Here, we list out interest rates offered by different banks on three-year fixed deposits.

HDFC Bank: This bank o...