Latest Bank Interest FD rates in India (Apr-2013)
As expected in our previous month analysis, some of the banks FD interest rates have come down. Latest bank interest rates in India indicate that 5 banks have reduced their interest rates and two banks have marginally increased the bank interest rates on their FD's. 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. It continued to be the favorite investment options for several investors including the investments by senior citizens. As part of our monthly article, enclosed are the latest bank interest rates on fixed deposits in India.
Also read: Best unique Bank fixed deposit schemes 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 their bank 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.
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Suresh
Latest Bank Interest FD rates in India
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12 comments
Add a comment ↓Hi Suresh,
Iam interested to invest in Kerala Transport Finance Corp. Whats your thoughts on it ? What kinda of rating does it have. Thanks for your advice.
Kumar, they are not rated by rating agencies. However it is Govt. company, hence the money is secured.
Hi Suresh,
As we see FD interest rates might increase/decrease month on month basis. So the rate at which we open a FD is fixed for my deposit or its a floating rate.
Thanks,
Rohit
A FD or RD or VRD (Variable RD), the interest rate which is offered by bank at the opening of such account is FIXED for the tenure. Recently I heard some banks are offering floating rate FD, but you can ignore for timebing as you would not know what would be the maturity amount with that.
Dear Suresh,
Is it safe to invest in a IDBI Bank FD. I am still confused if it's a Public Sector or Private Bank.
Thanks
Mohan
Mohan, IDBI Bank is a public sector bank (51%+ is owned by central govt.) Here is the link for quick verification. https://idbi.co.in/IDBIBkLtd1.asp
Regd safety, since it is public sector bank, capital should be 100% safe
Dear Suresh
Could also please update the latest recurring deposits rates.
Best regards
Hiren
Hiren, it is in que, would get auto published this week.
Hi
I want to know how safe is the money if
I invest with luxmi vilas bank in
NRE FD. I guess it is s private bank.
Hi Nicl, Avoid such small banks. Open with any large private bank or nationalised bank.
Well suresj g
Only laxmi vilas bank had 9.75%
NRE FD rate. It comes to 75000 diff. Per annum to any other bank. In worst case
What can happen if bank close down.
Can I still safe to get money.
Nick
Hi Naresh, Worst is you may loose money. All FD’s are insured by Insurance deposit corp up to Rs 1 Lakh only. Any thing over and above, one may loose money in case in case bank shut downs.