Saturday, August 9, 2008

Latest Bank FD Interest Rates - As of 9th Aug, 2008

Interest Rates have risen after the increase in Rates by the RBI last week. 10% is offered by lot of banks for different term period. Comparison of Latest Resident/NRO Bank Fixed Deposit Interest Rates - As of 9th August, 2008:


Click here to see the latest interest rates!

Bank 6 months 1 year 2 year 3 year 4 year 5 year
HSBC 7.00% 9.50% 9.75% 9.75% 7.50% 7.50%
ICICI 7.50% 10.00% 10.00% 9.50% 9.50% 9.50%
HDFC 8.25% 10.00% 10.00% 9.50% 9.50% 9.50%
Axis 7.50% 9.50% 9.50% 9.00% 8.00% 8.00%
IDBI 8.25% 9.50% 9.50% 9.25% 9.00% 9.00%
Barclays 7.50% 9.50% 8.75% 9.00% 9.00% 9.00%
PNB 8.00% 9.75% 9.75% 9.75% 9.50% 9.50%
Bank of India 7.50% 9.50% 9.60% 9.60% 9.50% 9.50%
Oriental 9.00% 9.25% 9.00% 9.00% 8.75% 8.75%
Canara 8.25% 9.50% 9.50% 9.50% 9.00% 9.00%
SBI 8.00% 9.50% 9.50% 9.50% 9.00% 9.00%
Dena 7.75% 9.50% 9.50% 9.50% 9.25% 9.25%
IndusInd 8.75% 10.00% 9.10% 9.10% 9.10% 9.10%
Yes 9.00% 10.00% 10.00% 9.50% 8.50% 8.50%
5 year or more deposits also qualify for tax rebate under section 80C. 9.5% from ICICI, HDFC, PNB, 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.


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