Wednesday, July 2, 2008

Latest Bank FD Interest Rates - As of 2nd July, 2008

Interest Rates have risen after the increase in Rates by the RBI last week. 9.5% is offered by lot of banks for different term period. Comparison of Latest Resident/NRO Bank Fixed Deposit Interest Rates - As of 2nd July, 2008:

Click here to see the latest interest rates!

Bank6 months1 year2 year3 year4 year5 year
HSBC7.00%8.75%9.00%9.00%7.50%7.50%
ICICI6.75%9.25%9.50%8.50%9.00%9.00%
HDFC7.50%8.75%9.00%8.50%8.50%8.50%
Axis7.00%9.00%9.00%9.00%8.00%8.00%
IDBI7.50%9.00%8.75%8.75%8.75%9.00%
Barclays7.50%9.50%8.75%9.00%9.00%9.00%
PNB7.25%8.75%9.00%9.00%9.00%9.00%
Bank of India7.50%9.25%9.25%9.50%9.50%9.50%
Oriental9.00%9.25%9.00%9.00%8.75%8.75%
Canara7.00%8.25%8.75%8.75%8.50%8.50%
SBI8.00%9.50%9.50%9.50%9.00%9.00%
Dena7.25%8.50%9.00%9.00%9.00%9.00%
IndusInd8.00%9.25%9.10%9.10%9.10%9.10%
Yes8.50%9.50%9.00%9.00%8.50%8.50%


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% to 1% more depending on the bank.


1 comments:

Post a Comment