Sunday, June 5, 2011

Latest Bank FD Interest Rates - As of 5th June, 2011

Very minor changes to interest rates since the last month. Interest rates are getting stabilized now and depends on the next RBI action. 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 5th June, 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
7.75%
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%
9.25%
9.00%
8.50%
8.75%
Oriental
8.00%
9.25%
9.25%
9.25%
9.00%
9.00%
Canara
8.00%
9.10%
9.25%
9.00%
9.00%
8.75%
SBI
7.75%
8.25%
9.25%
9.25%
8.25%
8.50%
Dena
8.00%
9.25%
9.25%
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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