Friday, December 17, 2010

Latest Bank FD Interest Rates - As of 17th Dec, 2010

Interest rates have shot up after staying low for a long time. SBI was the first bank to raise interest rates and other banks have followed suit. We would still recommend investors to invest in FDs only for a year or so as the interest rates are expected to go 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 17th December, 2010:
Bank
6 months
1 year
2 year
3 year
4 year
5 year
HSBC
6.50%
7.55%
7.90%
8.00%
8.05%
8.05%
ICICI
6.50%
7.75%
8.00%
8.25%
8.25%
8.25%
HDFC
6.50%
7.75%
8.25%
8.25%
8.25%
8.25%
Axis
6.25%
8.25%
7.75%
7.75%
7.00%
7.50%
IDBI
7.25%
8.15%
8.25%
8.75%
8.60%
8.60%
Barclays
6.85%
7.50%
7.80%
8.10%
8.10%
8.10%
PNB
7.00%
8.00%
8.25%
8.50%
8.25%
8.50%
BOI
6.50%
8.25%
8.25%
8.25%
7.25%
7.25%
Oriental
7.25%
8.00%
8.25%
8.75%
8.50%
8.50%
Canara
7.25%
8.25%
8.25%
8.60%
8.25%
8.25%
SBI
7.25%
7.75%
8.25%
8.50%
8.25%
8.50%
Dena
7.50%
8.25%
8.25%
8.25%
8.25%
8.25%
BOR
6.50%
7.75%
8.00%
8.25%
8.25%
8.25%
IndusInd
8.00%
8.75%
8.50%
8.75%
8.50%
8.50%
Yes
7.25%
7.75%
8.00%
8.25%
8.25%
8.25%

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