Tuesday, January 4, 2011

Latest Bank FD Interest Rates - As of 4 Jan, 2010

Interest rates have shot up again so good news in the new year for fixed income investors - especially senior citizens. The interest rates are pretty attractive for 6 months to 3 years period. SBI was the first bank to raise interest rates and other banks have followed suit. 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 4th January, 2010: 

Bank
6 months
1 year
2 year
3 year
4 year
HSBC
7.50%
8.00%
8.50%
8.25%
7.75%
ICICI
6.75%
8.00%
8.50%
8.50%
8.50%
HDFC
7.00%
8.25%
9.00%
8.25%
8.25%
Axis
6.25%
8.25%
7.75%
7.75%
7.00%
IDBI
7.25%
8.50%
9.00%
9.25%
8.60%
Barclays
6.85%
7.50%
7.80%
8.10%
8.10%
PNB
7.00%
8.00%
8.25%
8.50%
8.25%
BOI
7.25%
8.50%
8.25%
8.25%
7.75%
Oriental
7.25%
8.25%
8.25%
8.75%
8.50%
Canara
7.25%
8.25%
8.25%
8.60%
8.25%
SBI
7.75%
8.25%
9.00%
9.00%
8.25%
Dena
7.50%
8.50%
8.50%
8.50%
8.25%
StanChart
7.00%
8.25%
7.50%
7.50%
7.50%
IndusInd
8.00%
8.75%
8.50%
8.75%
8.50%
Yes
7.25%
7.75%
8.00%
8.25%
8.25%

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