This paper proposes a new encryption and decryption method for triple color images using 2D multiple parameter fractional discrete Fourier transform (MPFrDFT) and 3D Arnold transform (AT). The proposed method converts three color images into Bayer images, which are considered as the three components of a color image. These three Bayer images are combined vertically and then baker chaotic map is applied to permute rows and columns and a similar process is applied in the horizontal combination, the image then obtained is considered as the complex valued image (CVI). Then apply 2D MPFrDFT on this CVI. The output of 2D MPFrDFT is separated into three components. Apply 3D AT into the three components and the output is considered as the three color components of the encrypted image. The experimental results and the security analysis of the proposed method are given to validate the feasibility and robustness of the method. The statistical analyses like histogram, correlation and entropy confirm the robustness of the proposed method against statistical attacks and experimental results show that the method is resistant to occlusion attack. The mathematical analysis shows that the brute force attack is not possible in proposed method.