Day: November 6, 2019

FD Interest Rates of Major Banks for Tenure Less than 1 year (Nov 2019)

Latest Fixed Deposit Interest Rates of Major Banks November 2019

FD Interest Rates of Major Banks (November 2019)

Introduction

In this article you will find the Fixed Deposit interest rates provided by major banks in India. These fixed deposit interest rates are as on last updated by the banks on their respective websites.

Fixed Deposit Interest Rates of Major Banks November 2019

What are Fixed Deposits (FDs)?

  • Fixed Deposits (FDs) enable investors to earn higher interest on their extra funds. Interest rate on fixed deposits is guaranteed for the duration of the deposit.
  • Interest rates on FDs are fixed when you open the deposit and the rate depends on the tenure that you wish to hold it for. The rate of interest may vary as per amount, period and from bank to bank.

Below you can find the interest rates on fixed deposits for various tenures provided by major banks in India :-

FD Interest Rates for tenure less than 1 year :

 FD Interest Rates of Major Banks for Tenure Less than 1 year November 2019 
 Source : Bank Website
FD Interest Rates of Major Banks for Tenure Less than 1 year November 2019
Source : Bank Website
FD Interest Rates of Major Banks for Tenure Less than 1 year November 2019 
 Source : Bank Website
FD Interest Rates of Major Banks for Tenure Less than 1 year November 2019
Source : Bank Website
FD Interest Rates of Major Banks for Tenure Less than 1 year November 2019 
 Source : Bank Website
FD Interest Rates of Major Banks for Tenure Less than 1 year November 2019
Source : Bank Website
eBook by Invest Yadnya
eBook by Invest Yadnya

FD Interest Rates for tenure from 1 year up to 10 years :

FD Interest Rates of Major Banks for Tenure from 1 year up to 10 years November 2019
 Source : Bank Website
FD Interest Rates of Major Banks for Tenure from 1 year up to 10 years November 2019
Source : Bank Website
FD Interest Rates of Major Banks for Tenure from 1 year up to 10 years November 2019
 Source : Bank Website
FD Interest Rates of Major Banks for Tenure from 1 year up to 10 years November 2019
Source : Bank Website
FD Interest Rates of Major Banks for Tenure from 1 year up to 10 years November 2019
 Source : Bank Website
FD Interest Rates of Major Banks for Tenure from 1 year up to 10 years November 2019
Source : Bank Website

Summary

  1. For tenure less than 1 year, Yes bank (Maximum= 7.15%) offers highest interest rate. IndusInd Bank and RBL Bank also offers higher and competitive interest rates (7%).
  2. For tenure from 1 year up to 10 years RBL bank (maximum= 7.65%), IndusInd bank, IDFC First bank, Bandhan bank and DBS bank are among the highest interest rates offering banks.

 Note:-

  • Senior citizens attract an additional 0.50% on their FD interest rates. All most all the bank provide additional 0.50%.
  • A few banks such as RBL bank and IDBI bank provide FD’s with a tenure of 20 years.
  • The above tenures are not common to all the banks. Some banks may have different tenures and may be presented in a different manner. Some may also have some extra tenures.
  • The above interest rates are for deposits less than Rs. 1 crore and in some cases less than Rs. 5 crores. (as specified by the bank on their website)
Interest Rates on Home Loan of Major Banks (Nov 2019)

Interest Rates on Home Loan of Major Banks (Nov 2019)

Home Loan Interest Rates November 2019

Introduction

In this article you will find the Interest Rates on Home Loan of Major Banks in India. These interest rates are as on last updated by the respective websites.

Interest Rates on Home Loans of Major Banks

  • Home loan can be used for purchasing a new house, construction of house on a plot, home improvement, extension and renovation of your existing house.
  • These rates can vary depending upon the value of the property and your repayment capacity. Higher the loan amount, higher will be the rate of interest.
  • You can choose the bank which provides lowest interest rates and also which you think has good reputation, great service and easy accessibility.

Given below are the interest rates for home loans offered by major banks for November 2019 :

Interest Rates on Home Loan of Major Banks (November 2019)
Source : Bank Websites
Interest Rates on Home Loan of Major Banks (November 2019)
Source : Bank Websites
eBook By Invest Yadnya
Interest Rates on Home Loan of Major Banks (November 2019)
Source : Bank Websites
Interest Rates on Home Loan of Major Banks (November 2019)
Source : Bank Websites

Note:-

  • The above details are as specified by the banks on their website.
  • Some banks have only mentioned a range of the interest rate offered by them. For a more detailed specification will have to contact the bank.
  • The above way of presentation of interest rates is not common to all the banks. It has been standardized for a neat presentation of interest rates. Some banks may have presented the information differently.

Summary –

  • State Bank of India has lowered its interest rates for home loans up to Rs.30 lakh.
  • Punjab National Bank, Canara Bank , Oriental Bank of Commerce and Indian Overseas Bank also offer comparatively lower interest rates on home loans provided by them.
  • The above list of interest rates on home loans of major banks can help you decide which bank to choose. You can choose the bank which provides lowest interest rates and also which you think has good reputation, great service and easy accessibility.

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