SBI (State Bank of India) recently advertised its rates for NRE Term Deposit Rates in leading newspapers. The advantage of NRE Term deposit is that the interest paid is tax free in India and both principal and interest is fully Repatriable. The interest rate is 9.25% across tenures. The other thing to note is No […] Continue reading →
Below is the list of top banks Term Deposit or fixed deposit (FD) rates for tenure of 6 Months – 1 Year, 1 – 2 Years, 2 – 3 Years, 3 – 5 Years and more than 5 years. The best fixed deposit rates for 6 months to less than a year is offered by Corporation Bank at 9.75% […] Continue reading →
State bank of India (SBI) has increased its short term Fixed Deposit (FD) rates by 1% from March 28, 2012. Its expected more banks would follow deposit rate hikes. This hikes comes after Government announced Interest rate hikes in the range of 0.2% – 0.5% on small savings schemes such as public provident funds (PPF), post office deposits and National Savings […] Continue reading →
State bank of India (SBI) has increased its short term Fixed Deposit (FD) rates by 1% from March 28, 2012. Its expected more banks would follow deposit rate hikes. This hikes comes after Government announced Interest rate hikes in the range of 0.2% – 0.5% on small savings schemes such as public provident funds (PPF), post […] Continue reading →
With deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits in December 2011, banks have started offering very competitive interest rates for NRE fixed deposits. The icing on the cake is the principal and interest earned on NRE fixed deposits are tax free in India. The table below lists down some of the best NRE Fixed […] Continue reading → Below is the list of top 5 bank fixed deposit rates for tenure of 1, 2 ,3 and 5 years. Best Fixed Deposit Rates for Tenure of 1 Year Banks Interest Rate (%) Maturity Amount for Rs. 10,000 Lakshmi Vilas Bank 10.50% 11,092 Karnatka Bank 9.75% 11,011 Catholic Syrian Bank 9.60% 10,995 Dena Bank 9.50% […] Continue reading →
SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket of 30%, your post tax yield would come to 14.15% (from […] Continue reading →
SBI had today advertised its fixed deposit rates for different tenures in all leading dailies. Get Latest SBI Fixed Deposit Rates here. Continue reading →
In a few weeks most of salaried people have to submit their tax saving investment proofs and this is the time when we all rush to make our investments. Also with stock markets in doldrums for the year a lot of you might be interested in fixed deposits. I have compiled the prevailing interest rates […] Continue reading →