Monday, January 14, 2008

Latest Interest Rates - As of 14th Jan, 2008

Following is the comparison of the latest interest rates on domestic term / bank deposits as of 14th Jan, 2008:

Click here to see the latest interest rates!

Bank
6 months
1 year
2 year
3 year
4 year
5 year
HSBC
7%
8%
8.50%
8.75%
7.50%
7.75%
ICICI
6.25%
8%
8%
8%
8.50%
8.50%
HDFC
7.25%
8%
8.25%
8.25%
8.25%
8.25%
Axis
7%
9%
9%
9%
8%
8%
IDBI
7%
8.75%
8.75%
8.75%
8.75%
9%
Barclays
9%
9.50%
8.50%
8.75%
8.75%
8.75%
PNB
7.25%
8.50%
8.50%
8.50%
8.50%
8.50%
Bank of India
7.25%
9%
9%
9.25%
9.25%
9.50%
Oriental
7.75%
8.75%
9%
9%
8.75%
8.75%
Canara
7%
8.25%
8.75%
8.50%
8.50%
8.50%
SBI
6.50%
8.25%
8.25%
8.50%
8.50%
8.50%
Dena
7%
8.25%
8.25%
8.50%
8.50%
8.50%
Yes
7%
9%
9%
8.75%
8.25%
8.25%



5 year or more deposits also qualify for tax rebate under section 80C. 9.5% from Bank of India is the best deal to get good investment return with tax benefit.

For Senior Citizens, there is additional 0.25% t0 0.5% more depending on the bank.

This would change on an ongoing basis but we will try to update this comparison whenever rates change.

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