Fixed deposits have not been so fixed with their interest rates in the last few months. Most of the banks have cut down their interest rates by at least 0.50 percent for their medium to long term fixed deposits. The story has been the same for both the private and public sector banks. However, there are still some banks which offer you the magical 9 percent returns on your fixed deposits.
9.05 percent returns fixed deposit
Allahabad Bank leads the nine plus interest rate returns fixed deposit brigade. Fixed deposits with up to 4 years term will fetch you 9.05 percent returns and for all other fixed deposit tenures, you will get under 9 percent.
9 percent returns fixed deposit
Next up is the Andhra Bank fixed deposit. The fixed deposit from Andhra Bank offers 9 percent for the one and two year term, while the remaining fixed deposit schemes fetch you a return of under nine percent.
9.15 percent returns fixed deposit
The Central Bank of India takes the center stage with a whopping 9.15 percent returns. This interest rate is applicable for all the fixed deposits for the one and two year tenure.
9 percent returns fixed deposit for three years
Yes, seems unbelievable but Corporation Bank has done it again. The bank offers straight nine percent returns on your fixed deposit for a tenure ranging from two to three years. The fixed deposits with other varying tenures will get you returns under the 9 percent mark.
9 percent returns fixed deposit for five years
Just when you thought you have seen the impossible, along comes the attractive fixed deposit returns from Dena Bank. The bank offers 9 percent for a tenure of one to five years.
9 percent and 8.75 percent fixed deposit
Indian Bank too offers 9 percent fixed deposit for its one and two years term deposits. You get 8.75 percent for deposits of more than two years.
9 percent fixed deposit for one, two and three years
Punjab National Bank fixed deposit scheme offers flat 9 percent interest returns for all fixed deposits ranging in tenure from one, two and three years. All other fixed deposits will fetch you just under nine percent returns.
Final Returns
There are fixed deposits schemes from the likes of other public sector banks namely Syndicate Bank, Union Bank of India and State Bank of India which offer just under nine percent returns.
On the whole, interest rates have been heading downwards since the last few months thanks to poor spending and low credit demand in the market. Interest rates do not look too bright and might only fall if the same situation continues. RBI too may propose additional rate cuts to make people spend more money and take supplementary loans and discourage savings. So if you are looking at investing in fixed deposits with a time horizon of up to 3 years, then now will be the best time.
9.05 percent returns fixed deposit
Allahabad Bank leads the nine plus interest rate returns fixed deposit brigade. Fixed deposits with up to 4 years term will fetch you 9.05 percent returns and for all other fixed deposit tenures, you will get under 9 percent.
9 percent returns fixed deposit
Next up is the Andhra Bank fixed deposit. The fixed deposit from Andhra Bank offers 9 percent for the one and two year term, while the remaining fixed deposit schemes fetch you a return of under nine percent.
9.15 percent returns fixed deposit
The Central Bank of India takes the center stage with a whopping 9.15 percent returns. This interest rate is applicable for all the fixed deposits for the one and two year tenure.
9 percent returns fixed deposit for three years
Yes, seems unbelievable but Corporation Bank has done it again. The bank offers straight nine percent returns on your fixed deposit for a tenure ranging from two to three years. The fixed deposits with other varying tenures will get you returns under the 9 percent mark.
9 percent returns fixed deposit for five years
Just when you thought you have seen the impossible, along comes the attractive fixed deposit returns from Dena Bank. The bank offers 9 percent for a tenure of one to five years.
9 percent and 8.75 percent fixed deposit
Indian Bank too offers 9 percent fixed deposit for its one and two years term deposits. You get 8.75 percent for deposits of more than two years.
9 percent fixed deposit for one, two and three years
Punjab National Bank fixed deposit scheme offers flat 9 percent interest returns for all fixed deposits ranging in tenure from one, two and three years. All other fixed deposits will fetch you just under nine percent returns.
Final Returns
There are fixed deposits schemes from the likes of other public sector banks namely Syndicate Bank, Union Bank of India and State Bank of India which offer just under nine percent returns.
On the whole, interest rates have been heading downwards since the last few months thanks to poor spending and low credit demand in the market. Interest rates do not look too bright and might only fall if the same situation continues. RBI too may propose additional rate cuts to make people spend more money and take supplementary loans and discourage savings. So if you are looking at investing in fixed deposits with a time horizon of up to 3 years, then now will be the best time.