Saturday, January 1, 2011

Latest NRE Term Deposit Interest Rate Comparison - As of 1st January, 2011

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Interest Rates have gone up over the last few months. These interest rates are effective from 1st January, 2011:
Maturity PeriodInterest rates (percent per annum)
1 Year to less than 2 Years2.54
2 Years to less than 3 Years2.51
3 Years to less than 5 Years2.79

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
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