Saturday, December 27, 2008

Latest NRE Term Deposit Interest Rate Comparison - As of 27th Dec, 2008

Interest Rates have gone up over the last couple of months. These interest rates are effective from 1st December, 2008:

Maturity PeriodInterest rates (percent per annum)
12 months and above but less than 18 months 4.52
18 months and above but less than 24 months 4.52
24 months and above but less than 36 months 3.87
36 months to 120 months 4.14

Given that most of the banks are offering same interest rates, what an investor needs to watch out for are:
- Minimum deposit amount
- Service Charges

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