Allahabad bank has updated its interest rates on Friday on 18th Feb 2011. I think the interest rates have come a bit late and low, compared to other banks. The rates could have been higher considering the competition in the market. But, who can predict or rather understand their move of keeping such low interest rates.
SBI FIXED DEPOSIT OR TERM DEPOSIT INTEREST RATES ACCORDING TO 3 August, 2011
7 days to 14 days – 7.00%
15 days to 45 days – 7.00%
46 days to 90 days – 7.00%
91 days to 179 days – 7.25%
180 days to 240 days – 6.50%
241 days to less than 1 year – 7.75%
1 year to less than 2 years – 9.25%
2 years to 999 days – 9.25%
1000 days – 9.25%
1001 days to less than 3 years – 9.25%
3 year to less than 5 years – 9.25%
5 years to less than 8 years – 9.25%
8 years and up to 10 years – 9.25%
- There is no premium for senior citizen for investment above 15 lakhs.
The below interest rates are for deposits above 1 Crore
7 days to 14 days – 7.50
15 days to 30 days – 7.50
31 days to 45days – 7.50
46 days to 90 days – 7.50
91 days to 179 days – 8.00
180 days to 240 days – 8.00
241 days to 270 days – 8.00
271 days to less than 1 year – 8.25
1 year to less than 2 years – 9.00
2 years and above – 8.75
HDFC TERM FIXED DEPOSIT INTEREST RATES
7 – 14 days – 3.50%
15 – 29 days – 4.00%
30 – 45 days – 5.00%
46 – 60 days – 6.25%
61 – 90 days – 6.50% (more…)
These interest rates are for general public not senior citizens.
KARNATAKA BANK “1 YEAR” – 9.75
CANARA BANK “555 DAYS” – 9.50
BANK OF BARODA 444 DAYS DEPOSIT – 9.35
OBC BANK “500 DAYS” – 9.25%
SBI 1 year to 8 years – 9.25%
SOUTH INDIA BANK 1 year to 2 years – 9.75%
ING VYSYA BANK 366 days to 500 days – 9.50%
AXIS BANK 1 YEAR TO less than 14 MONTH – 9.25 %
YES BANK “960 DAYS” – 9.60 %
DENA BANK “3 YEARS” – 8.25 %
HDFC Bank “1 YEAR 16 days and 2 YEAR 16 days DEPOSIT SCHEME” – 9.25%
BANK OF INDIA “555 SCHEME” – 9.25 %
Allahbad Bank 450 days scheme – 9.25%
List of Foreign Banks in India
Total 11 Foreign Banks are operating in India.
- ABN-AMRO Bank N.V.
- Abu Dhabi Commercial Bank Ltd.
- American Express Bank Ltd.
- Barclays Bank PLC
- BNP Paribas
- Citibank N.A.
- DBS Bank Ltd
- Deutsche Bank AG
- HSBC Ltd.
- Standard Chartered Bank
- State Bank of Mauritius Ltd .
List of Private Banks in India
Total no of Private banks in India are 19 .
- Bank of Punjab
- Bank of Rajasthan
- Catholic Syrian Bank
- City Union Bank
- Dhanalakshmi Bank
- Development Credit Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- IndusInd Bank
- ING Vysya Bank
- Jammu & Kashmir Bank
- Karnataka Bank
- Karur Vysya Bank
- Laxmi Vilas Bank
- South Indian Bank
- United Western Bank
- Axis Bank