Quick look at falling bank interest rates

Written by: Sneha.B.K
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Ever since the Reserve Bank of India slashed its repo rate by 50 basis points on April 17, banks have dropped their deposit rates. Goodreturns.in has complied the revised interest rates for various banks that have announced a cut.

PSU banks

Banks
Tenor
Revised I R
SBI
7 days – 1year
1 year - 3 years
3 years-10 years
7.25%-7.80%,
9%,
8.75%
PNB
7 days - 1 year
1 year- 5 years
5 years- 10 years
4%-9.25%,
9.25%-9.50%,
9.00%
BOB
7 days- 1 year
1 year- 3 years
3 years-10 years
5%- 8%,
9.25%-9.35%,
8.50%- 9.00%
IDBI
46 day- 1 year
1 year- 5 years
5 years -10 years
7.50%-9.50%,
10%,
9.75%    

Private Banks 

Banks
Tenor
Revised I R
ICICI
7 days - 1 year
1 year - 5 year
5 years-10 years
3.75%-7.50%,
8.00%-9.25%,
8.50%
HDFC
7 days – 1 year
1 year - 5 years
5 years 10 years
3.50%-9.00%,
8.50%-9.25%,
8.25%
Kotak bank
7 days - 1 year
1 year -5 years
5 Years - 10 years
6.00%- 9.00%,
9.00-9.58%,
9.00%

Post office

Banks
Tenor
Revised I R
Post office
1 year,
3 years,
5 years
8.20%,
8.40%,
8.50%

GoodReturns.in

Read more about: interest rates, sbi, pnb, hdfc, rbi, banks
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