Latest NRE Term Deposit Interest Rate Comparison - As of 19th April, 2008

NRE Term Deposit Interest Rate comparison as of 19th April, 2008:

Bank		1-2 year	2-3 year	3-5 year
HSBC		2.49%	2.50%	2.81%
ICICI		2.49%	2.50%	2.81%
HDFC		2.49%	2.50%	2.81%
Axis		2.49%	2.50%	2.81%
IDBI		2.49%	2.50%	2.81%
Barclays		2.48%	2.49%	2.81%
PNB		2.49%	2.50%	2.81%
Bank of India		2.49%	2.50%	2.81%
Oriental		2.49%	2.50%	2.81%
Canara		2.49%	2.50%	2.81%
SBI		2.49%	2.50%	2.81%
Dena		2.49%	2.50%	2.81%
Yes		2.49%	2.50%	2.81%

Given that most of the banks are offering same interest rates, what an investor needs to watch out for are:
- Minimum deposit amount
- Service Charges

Given that savings bank interest rate is 3.5%, not sure why any investor would want to lock in his/her money for lesser interest rate.

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