Monday, December 6, 2010

Latest Bank FD Interest Rates - As of 6th Dec, 2010

Most of the banks including SBI and ICICI Bank have increased interest rates upto 150 basis points over the last 2 months. SBI is offering the highest interest rates in most of the tenors. The bank fixed rates are still low considering the inflation. It is best to invest for a short or medium 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 6th December, 2010:

Bank
6 months1 year2 year3 year4 year5 year
HSBC6.70%7.60%7.25%7.40%7.40%7.50%
ICICI6.50%7.75%8.00%8.25%8.25%8.25%
HDFC6.50%7.25%7.50%7.50%7.50%7.50%
Axis6.25%7.10%7.35%7.35%7.00%7.00%
IDBI6.75%7.40%7.50%8.00%7.75%8.00%
Barclays6.85%7.50%7.80%8.10%8.10%8.10%
PNB6.25%7.25%7.25%7.60%7.50%7.75%
BOI6.00%7.00%7.50%7.75%7.25%7.25%
Oriental6.50%7.50%7.50%7.50%7.50%8.00%
Canara6.50%7.75%7.75%8.25%7.50%7.75%
SBI7.25%7.75%8.25%8.50%8.25%8.50%
Dena6.25%8.00%7.75%7.75%7.75%7.75%
BOR6.50%7.75%8.00%8.25%8.25%8.25%
IndusInd7.50%8.00%7.75%8.25%8.00%8.00%
Yes6.75%7.50%7.75%7.75%7.75%8.00%
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