Not much changes happening with interest rates since the last month post. Interest rates inching towards 10% mark for normal citizens. For senior citizens, it is already 10%+ and have become attractive even for 4-5 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 9th October, 2011:
Bank
|
6 months
|
1 year
|
2 year
|
3 year
|
4 year
|
5 year
| |
HSBC
|
8.00%
|
9.00%
|
8.00%
|
8.50%
|
8.50%
|
8.00%
| |
ICICI
|
7.75%
|
9.25%
|
9.25%
|
9.25%
|
8.75%
|
8.75%
| |
HDFC
|
7.75%
|
9.25%
|
9.25%
|
8.50%
|
8.25%
|
8.25%
| |
Axis
|
8.50%
|
9.40%
|
9.30%
|
9.30%
|
8.50%
|
8.50%
| |
IDBI
|
9.00%
|
9.50%
|
9.50%
|
9.50%
|
9.50%
|
9.50%
| |
Barclays
|
8.00%
|
8.25%
|
9.00%
|
9.25%
|
9.25%
|
9.25%
| |
PNB
|
8.00%
|
9.25%
|
9.35%
|
9.50%
|
9.25%
|
9.25%
| |
BOI
|
8.00%
|
9.00%
|
9.25%
|
9.00%
|
8.50%
|
8.75%
| |
Oriental
|
9.00%
|
9.75%
|
9.75%
|
9.25%
|
9.25%
|
9.25%
| |
Canara
|
8.10%
|
9.25%
|
9.25%
|
9.25%
|
9.00%
|
9.00%
| |
SBI
|
7.00%
|
9.25%
|
9.25%
|
9.25%
|
9.25%
|
9.25%
| |
Dena
|
8.00%
|
9.60%
|
9.25%
|
9.25%
|
9.25%
|
9.25%
| |
Citibank
|
7.75%
|
9.00%
|
8.75%
|
8.75%
|
8.75%
|
8.75%
| |
IndusInd
|
8.50%
|
9.50%
|
9.00%
|
9.50%
|
8.75%
|
8.75%
| |
Yes
|
8.25%
|
9.25%
|
9.60%
|
9.30%
|
8.75%
|
8.75%
|
I hope by HDFC you mean HDFC bank. I was checking up HDFC FD rates at HDFCwebsite and found the following rates
ReplyDelete9 months 17 days - 1 year :7.25%
1 year 1 day - 1 year 15 days:9.00%
1 year 16 days :9.25%
bemoneyaware,
ReplyDeleteThanks for pointing this out. I have updated the interest rates for HDFC Bank.
Thanks.