Saturday, July 9, 2011

Latest Bank FD Interest Rates - As of 11th July, 2011

Interest rates inching towards 10% mark for normal citizens. For senior citizens, it is already 10%+. We would still recommend investors to invest in FDs only for 1-3 year period as interest rates are less for more than 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 11th July, 2011:




Bank
6 months
1 year
2 year
3 year
4 year
5 year
HSBC
8.00%
8.50%
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
8.25%
9.25%
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
8.50%
9.25%
9.25%
9.25%
9.00%
9.00%
Canara
8.00%
9.10%
9.25%
9.00%
9.00%
8.75%
SBI
7.25%
9.25%
9.25%
9.25%
9.25%
9.25%
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
8.25%
9.00%
9.60%
9.30%
8.75%
8.75%


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