Latest Bank Interest FD rates in India (Aug-2013)
Due to RBI repo rates changes in Jul and Aug-13 (till date), 8 banks have increased the bank interest on FD rates in India and 4 banks have reduced the bank FD Rates. Myinvestmentideas.com is the only website in India which tracks FD rates month on month and provides whether a particular bank has increased the FD rate or slashed the FD rates. This is a unique feature of our blog.
Deutsche Bank, HSBC Bank, Axis Bank, HDFC Bank, Yes Bank, Kotak Bank, Bank of Baroda, Indian Bank and Karnataka Bank have increased the interest rates for specific tenures.
Federal Bank, Andhra Bank, Corporate Bank and SBH have reduced the Bank FD rates for specific tenures.
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.
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Latest Bank Interest FD rates in India
I have seen that the interest for 2 to 5 years is 10% from the below bank
Is it trustable? is it good to invest in this bank?
All banks are monitored by RBI. However for individuals still the trust level is low for small banks and co-opertave banks. Personally, I would not be investing in such banks.