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Quick look at falling bank interest rates
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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
Story first published: Friday, April 27, 2012, 9:28 [IST]