Monday, November 25, 2013

SBI Fixed Deposit Interest Rates

Following are the fixed deposit interest rates for resident and non-resident ordinary (NRO) accounts as of 24 November, 2013:

7 days to 179 days: 7.50%
180 days to 210 days: 7.00%
211 days to less than 1 year: 7.50%
1 year up to 10 years: 9.00%

Above Rs 1 crore, following are the interest rates for resident and NRO accounts:

7 days to 60 days: 6.50%
61 days to less than 1 year: 7.75%
1 year to less than 2 years: 8.25%
1 year to less than 10 years: 8.50%

Below Rs 1 crore, following are the interest rates for resident senior citizens:

7 days to 179 days: 7.50%
180 days to 210 days: 7.00%
211 days to less than 1 year: 7.50%
1 year up to 10 years: 9.25%

Above Rs 1 crore, following are the interest rates for resident senior citizens:

7 days to 60 days: 6.75%
61 days to less than 1 year: 8.00%
1 year to less than 2 years: 8.50%
1 year to less than 10 years: 8.75%

Premature payment of term deposits:
Interest to be charged on premature withdrawal of term deposits at 0.50% below the rate applicable for the period deposit has remained with the Bank or 0.50% below the contracted rate, whichever is lower, for tenors above 90 days. Penalty for premature withdrawal of term deposits has been waived for deposits of tenors upto 90 days. However, no interest shall be paid on term deposits that have remained with the Bank for less than 7 days.

SBI savings bank interest rates:
Deposits in SBI savings account get an interest rate of 4%.

Comparison of fixed deposit interest rates with other banks can be checked here!

Sunday, November 24, 2013

Latest Bank FD Interest Rates

Interest rates have starting to climb up after more than 6 months of decline. It is best to invest in fixed deposits for short term for now. The below mentioned interest rates are for normal residents, senior citizens get 0.25% to 1% more depending on the bank.

Click here to check fixed deposit rates for senior citizen.

Comparison of latest resident / NRO bank fixed deposit interest rates - as of 23 November, 2013:

Bank

6 mnth
1 year
2 year
3 year
4 year
5 year
Lakshmi Vilas Bank

9.00%
10.00%
9.25%
9.00%
9.00%
9.00%
Dhanlaxmi Bank

9.00%
9.25%
9.00%
9.00%
9.00%
9.00%
City Union Bank

7.85%
9.50%
9.50%
9.25%
9.25%
9.25%
Tamilnad Mercantile Bank

9.00%
9.50%
9.50%
9.25%
9.25%
9.25%
HSBC

7.75%
8.25%
6.75%
6.50%
6.75%
6.75%
ICICI

7.75%
9.00%
9.00%
8.75%
8.75%
8.75%
HDFC

8.75%
9.00%
8.75%
8.75%
8.75%
8.75%
Axis

8.50%
9.00%
8.75%
8.75%
8.75%
8.75%
IDBI

8.75%
9.00%
9.40%
9.00%
9.25%
9.00%
Kotak Bank

8.75%
9.00%
8.75%
8.75%
8.50%
8.50%
PNB

7.50%
9.00%
9.00%
9.00%
9.00%
9.00%
BOI

8.00%
9.00%
9.00%
9.00%
9.00%
9.00%
Oriental

9.00%
9.00%
9.00%
9.00%
8.75%
8.75%
Canara

7.00%
9.05%
9.05%
9.05%
9.05%
9.05%
SBI

7.00%
9.00%
9.00%
9.00%
9.00%
9.00%
Dena

8.25%
9.00%
9.00%
9.00%
8.50%
8.50%
Citibank

8.00%
8.00%
8.00%
8.25%
8.25%
8.25%
IndusInd

7.75%
9.25%
9.00%
9.25%
8.75%
8.75%
Yes

8.75%
9.00%
9.10%
8.75%
8.75%
8.75%


Recommended Post for you: Latest company fixed deposit interest rates

Saturday, November 23, 2013

Best Senior Citizen FD Interest Rates

Interest rates have gone down for the last few months but have started to inch up at least for the short duration. There are few banks which are still offering high interest rates for senior citizens. Fixed deposits have  always been preferred choice of investment for senior citizens because the returns are predictable and investment up to Rs 1 lakh is insured in banks.

These rates are as of 23 November, 2013:

Bank

6 mnth
1 year
2 year
3 year
4 year
5 year
Lakshmi Vilas Bank

9.00%
10.00%
10.00%
9.75%
9.75%
9.75%
Dhanlaxmi Bank

9.00%
9.75%
9.50%
9.50%
9.50%
9.50%
City Union Bank

7.85%
9.75%
9.75%
9.50%
9.50%
9.50%
Tamilnad Mercantile Bank

9.00%
10.00%
10.00%
9.75%
9.75%
9.75%
HSBC

8.25%
8.75%
7.25%
7.00%
7.25%
7.25%
ICICI

8.25%
9.50%
9.50%
9.50%
9.50%
9.50%
HDFC

9.25%
9.50%
9.25%
9.25%
9.25%
9.25%
Axis

9.25%
9.75%
9.50%
9.50%
9.50%
9.50%
IDBI

9.25%
9.75%
9.90%
9.50%
9.75%
9.50%
Kotak

9.25%
9.50%
9.25%
9.25%
9.00%
9.00%
PNB

8.00%
9.50%
9.50%
9.50%
9.50%
9.50%
BOI

8.50%
9.50%
9.50%
9.50%
9.50%
9.50%
Oriental

9.50%
9.50%
9.50%
9.50%
9.25%
9.25%
Canara

7.50%
9.55%
9.55%
9.55%
9.55%
9.55%
SBI

7.00%
9.25%
9.25%
9.25%
9.25%
9.25%
Dena

8.75%
9.50%
9.50%
9.50%
9.00%
9.00%
Citibank

8.50%
8.50%
8.50%
8.75%
8.75%
8.75%
IndusInd

8.25%
9.75%
9.75%
9.75%
9.25%
9.25%
Yes

9.50%
9.75%
9.85%
9.50%
9.50%
9.50%


Want to earn even higher rate of return on fixed deposit? Checkout company fixed deposits, though invest wisely in small amounts in good companies only.

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