Saturday, October 2, 2010

Latest Bank FD Interest Rates - As of 1st Oct, 2010

SBI has raised interest rates for some tenors. Other banks are likely to follow suit. The bank fixed rates are still low considering the inflation. It is best to invest for a short term FD as the interest rates are expected to move up further. 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 1st October, 2010:
Bank
6 months 1 year 2 year 3 year 4 year 5 year
HSBC 6.70% 7.60% 7.25% 7.40% 7.40% 7.50%
ICICI 6.00% 7.00% 7.50% 7.75% 7.75% 7.75%
HDFC 6.25% 7.00% 7.50% 7.50% 7.50% 7.50%
Axis 6.25% 7.10% 7.35% 7.35% 7.00% 7.00%
IDBI 6.75% 7.40% 7.50% 8.00% 7.75% 8.00%
Barclays 6.75% 7.05% 7.75% 8.00% 8.00% 8.00%
PNB 6.25% 7.25% 7.25% 7.50% 7.50% 7.50%
BOI 6.00% 7.00% 7.50% 7.75% 7.25% 7.25%
Oriental 6.00% 7.00% 7.00% 7.25% 7.25% 7.50%
Canara 6.00% 7.00% 7.25% 7.50% 7.25% 7.50%
SBI 6.00% 7.00% 7.50% 7.75% 7.25% 7.50%
Dena 5.75% 7.00% 7.00% 7.25% 7.25% 7.25%
BOR 6.00% 7.00% 7.50% 7.75% 7.75% 7.75%
IndusInd 6.25% 7.50% 7.75% 7.75% 7.75% 7.75%
Yes 6.50% 7.25% 7.75% 7.75% 7.75% 7.75%
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