Saturday, December 13, 2008

Latest Bank FD Interest Rates - As of 12th Dec, 2008

Interest rates have come down significantly. HDFC, Barclays, HSBC and SBI have already lowered interest rates. There are very few banks offering above 10% interest rate. This is also going to be for a short duration. Interest Rates will come down more for the next 1-2 months. For Senior Citizens, there is additional 0.25% to 1% more depending on the bank. Comparison of Latest Resident/NRO Bank Fixed Deposit Interest Rates - As of 12th December, 2008:

Bank
6 months 1 year 2 year 3 year 4 year 5 year
HSBC 7.00% 8.00% 8.25% 8.25% 7.50% 7.50%
ICICI 7.50% 10.50% 10.50% 9.50% 9.50% 9.50%
HDFC 8.25% 9.50% 9.00% 9.00% 9.00% 9.00%
Axis 7.75% 11.00% 10.00% 10.00% 8.50% 8.50%
IDBI 9.50% 10.25% 10.50% 10.00% 9.50% 9.50%
Barclays 8.75% 9.00% 9.75% 9.75% 9.75% 9.75%
PNB 8.50% 10.50% 10.50% 10.00% 9.75% 9.75%
Bank of India 8.75% 9.75% 9.75% 9.75% 9.75% 9.75%
Oriental 7.75% 10.00% 10.10% 10.10% 9.50% 9.50%
Canara 8.00% 10.00% 10.00% 10.00% 9.75% 9.75%
SBI 8.00% 9.50% 9.50% 10.00% 9.25% 9.25%
Dena 8.00% 9.75% 9.75% 9.75% 9.25% 9.25%
IndusInd 11.00% 11.00% 9.10% 11.00% 9.10% 9.10%
Yes 10.50% 10.75% 10.75% 10.00% 10.00% 10.00%


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