Saturday, October 25, 2008

Best Fixed Deposit Rates in India - October 25, 2008

Fixed deposit rates comparison available from Ratekhoj.com indicates that DBS Bank, is now offering the highest interest rate for fixed deposits among all the banks in India for non-senior citizens. DBS Bank is offering the highest fixed deposit rate of 11.25% for non-senior citizens. This fixed deposit rate is being offered for a term of 1 year to 2 years for fixed deposit amounts below Rs. 15 lacs.

For senior citizens, DBS Bank is offering the highest fixed deposit rate of 11.75% for a term of 1 to 2 years. Karur Vysya Bank, Lakshmi Vilas Bank, Karnataka Bank and ING Vysya Bank are all offering fixed deposit products with an interest rate of 11.50% for terms ranging between 1 and 5 years duration. City Union Bank is offering the next highest rate of 11.35% for senior citizens for a term of 400 days. Tamilnad Mercantile Bank is offering a rate of 11.30% for a term of 777 days to senior citizens.

If you are considering only Public Sector banks, then Union Bank of India is offering the highest rate of 11.00% for a term of 1 year, but the deposit amount has to be at least 1 crore. For fixed deposit amounts below Rs. 15 lacs, State Bank of Travancore is offering the highest fixed deposit rate of 10.60% for a term of 400 days.

Visit Ratekhoj.com's fixed deposit comparison section to get the highest fixed deposit rates in India.

1 comment:

administrator said...

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