Bachhat has updated the interest rates on fixed deposits offered by various banks. The updated list (as of 17th October 2011) is available at the following link: http://goo.gl/bko0w
Interesting to note here is since the last rate hike by Reserve Bank of India, very few banks have raised their rates on fixed deposits. Infact, in some cases, banks have reduced the rates they were offering on fixed deposits for certain tenure.
RBI's next monetary policy is on 25th October and depending on whether RBI goes for rate hike or take a pause, we need to see how the banks react.
Bachhat plans to do a post on how the banks react to the monetary policy along with its next update on interest rates which shall be due on 31st October 2011.
Interesting to note here is since the last rate hike by Reserve Bank of India, very few banks have raised their rates on fixed deposits. Infact, in some cases, banks have reduced the rates they were offering on fixed deposits for certain tenure.
RBI's next monetary policy is on 25th October and depending on whether RBI goes for rate hike or take a pause, we need to see how the banks react.
Bachhat plans to do a post on how the banks react to the monetary policy along with its next update on interest rates which shall be due on 31st October 2011.
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