Latest Bank Interest FD rates in India (May-2013)

Latest Bank Interest FD rates in India (May-13)Latest Bank Interest FD rates in India (May-2013)

There are no major changes in the latest bank interest FD rates in India compared to our previous month article. ICICI Bank has marginally increased FD rates for 3 and 4 year term deposits. Canara Bank has marginally reduced the FD rates from 1 year to 5 years.

Among the various fixed income options available for an investor the best and safe investment option is investment in Bank fixed deposits (FD) in India.

Comparison of latest bank FD interest rates among various banks in India.

The comparison list would help investors to choose the right bank for fixed deposits. Green indicates that the rates have been increased compared to our previous month article and RED indicates that the rates are reduced comparing to our previous month article.

Latest Bank Interest FD rates in India (May-2013)

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Suresh
Latest Bank Interest FD rates in India

14 comments

  • david

    Dear Suresh,

    Thanks for your endless efforts you survey the market for people like me and others who are on this site, I had a query I am an NRI and saw thise FD companies like Unitch Ltd,DHFL, Rosoya Protiens and Gitanjali can I invest in this companies and how do I contact them and what precautions should I take before opening a FD scheme with these companies, what would be the minimum and maximum amount I need to invest with them.

    Kindly do reply to my email address davidcolasso@gmail.com

     

    • David, You can refer the prospectus about whethr NRI’s are allowed to invest in it or not. Company FD’s are little risky, you should keep this in mind before investing. Prospectus has all the details about how to invest. If you observe, I analyse all latest FD products which are coming up now and then and provide the analysis and process on how to apply them. There is no maximum amount or limit to invest. You SHOULD invest in more than 1 company if you are investing in any such company FD’s so that your risk is diversified.

  • devang

    Dear suresh,

    I am NRI, i have 2 lakhs in my NRI account.

    please suggest me which is the best and safe investment plan ?

    Also suggest me, which is the best child future plan ?

     

     

  • Rahul

    Dear Suresh , Thanks for all the rich info on your site, i try and learn from it.i have a small question. i have about 2 lk in citibk and 1lk in yes bk , and 1 lk in bk of baroda , i was thinking of putting these amts in the same respective,banks for FD's for a year by breaking the principle amnts into 20k each. i was not sure if this is a good idea plus i am not sure if i should maintain my ac with citibank as they have increased min balance to 2 lakhs for savings ac but since its a foreign bank i thought good to keep a ac there. would have any guidance on if the FD's are a good idea or any other suggestions. 

    Thanks

    Appreciate your reply in advance

    Rahul

    • Rahul, Min balance in Citi bank is Rs 2 Lakhs ? Some thing is wrong. It might be Rs 2,000. What is your objective of breaking them into Rs 20K each. Your 4L would split into 20 deposits. If you want to do this so that in future if you want to use a specific amount, you need to break all the amount ? Other than this reason, I do not see any advantage. Your current break-up should be ok. 

  • gunjan

    Please include UCO bank, as presently it is giving 9.10 % interest for one year.

  • Ajit

    Dear Sir,

    I am regular reader of your articles and find them very useful. However, request you to kindly include IDBI bank FD rates also in your list.

    Regards.

    Ajit.

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