Saturday, May 14, 2011

Latest Bank FD Interest Rates - As of 12th May, 2011

Interest rates have risen for less than 6 months duration after increase in savings rate. Interest rates are expected to go up further after RBI announced hike in rates early May. We would still recommend investors to invest in FDs only for 1-3 year period as interest rates are less for > 4 years. 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 May, 2011:
Bank
6 months
1 year
2 year
3 year
4 year
5 year
HSBC
8.00%
8.10%
8.00%
8.50%
8.50%
8.00%
ICICI
7.50%
8.50%
9.25%
9.25%
8.75%
8.75%
HDFC
7.75%
8.50%
9.25%
8.25%
8.25%
8.25%
Axis
7.75%
9.25%
9.00%
8.50%
8.50%
8.50%
IDBI
8.15%
9.00%
9.50%
9.25%
9.25%
9.25%
Barclays
8.50%
8.75%
9.25%
9.50%
8.80%
8.80%
PNB
8.00%
9.00%
9.05%
9.25%
8.50%
8.75%
BOI
8.00%
9.00%
8.25%
8.25%
7.75%
8.50%
Oriental
8.00%
9.25%
9.25%
9.25%
9.00%
9.00%
Canara
7.75%
8.75%
8.75%
9.25%
8.50%
8.75%
SBI
7.75%
8.25%
9.25%
9.25%
8.25%
8.50%
Dena
8.00%
9.00%
9.00%
9.25%
9.25%
9.25%
Citibank
8.25%
8.75%
8.75%
8.75%
8.75%
8.75%
IndusInd
8.50%
9.50%
9.00%
9.50%
8.75%
8.75%
Yes
8.00%
8.75%
9.60%
9.30%
8.75%
8.75%
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