Interest 9.

25
Deposit 9.25%
NRO PASSPORT COPY VISA ID BATAQA 1 PHOTOGRAPH 11000/_ DD FROM EXCHANGER MIN 1LAC ONLINE TRANSACTION FOR INDIA HDFC executive RAMESH 0558173695 1 YEAR 15 DAYS

Annual 9250 18500 27750 37000 46250 55500 64750 74000 83250 92500 101750 111000

Monthly 758.1967 1516.393 2274.59 3032.787 3790.984 4549.18 5307.377 6065.574 6823.77 7581.967 8340.164 9098.361

NRI Account

100000 200000 300000 400000 500000 600000 700000 800000 900000 1000000 1100000 1200000

Updated on Feb 8th 2012.

I updated my tax saver fixed deposits page today, and I thought Id create a separate page to record some of the better

With that in mind, here is a list with some of the best interest rates on fixed deposits that are covered under Se Im sure there are some that I have missed, so if you know of any banks that pay well, please leave a comment
Bank Interest Rate 9.50% 9.50% 9.50% 9.50% 9.25% 9.25% 9.25% 9.25% 9.09% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 8.75%

City Union Bank State Bank of Travancore IDBI Bank Axis Bank State Bank of Hyderabad South Indian Bank SBI J&K Bank Central Bank of India Kotak Bank Karur Vysya Bank Canara Bank Punjab National Bank Bank of Maharashtra Indian Overseas Bank ICICI Bank

Vijaya Bank Bank of Baroda Allahabad Bank

8.75% 8.50% 8.50%

Interest 9.50
Annual 9500 19000 28500 38000 47500 57000 66500 76000 85500 95000 104500 114000 Monthly 778.6885 1557.377 2336.066 3114.754 3893.443 4672.131 5450.82 6229.508 7008.197 7786.885 8565.574 9344.262

Interest 9
Annual 9000 18000 27000 36000 45000 54000 63000 72000 81000 90000 99000 108000 Monthly 737.7049 1475.41 2213.115 2950.82 3688.525 4426.23 5163.934 5901.639 6639.344 7377.049 8114.754 8852.459

o record some of the better paying interest rates on these tax saving FDs.

that are covered under Section 80C that I could find.

, please leave a comment or drop in an email, and I will update the list.

..

Savings Bank Accounts

able NRE (Non Resident External) Savings Bank Accounts

Running accounts - Frequent credits and withdrawals allowed [ can also be opened as Current Accoun Maintained in Indian Rupees Cheque book facilities Current income of NRIs such as rent, dividend, interest, pension etc net of applicable taxes can be cr Can be opened with drafts, travelers cheques/currencies issued from abroad. Drafts issued in approve Balance can be repatriated abroad. Nomination Facilities available. Nominee can be resident or non-resident Eligible for tax concessions. Interest earned exempt from Income Tax Can be opened jointly with another Non-Resident Indian Can be operated by a resident, duly authorised by the NRI Account Holder

n-Repatriable NRO (Non Resident Ordinary) Account

When an existing resident goes abroad, his resident Savings Bank Accounts are to be termed as Non Balance in the account can be repatriated upto US Dollars 1 million per calendar year for any purpose Interest earned is subject to deduction of Income Tax at source. The NRI's local funds generated in India can be credited to these accounts. Interest earned in NRO A/C repatriable Nomination Facilities available Joint account with a resident permitted Operation by resident [Power of Attorney holder permitted]

.. Fixed Deposits Repatriable NRE Fixed Deposits

NRE Rupee fixed deposits can be opened with the option of interest being payable once in a quarter o These deposits can be Ordinary Term Deposits

- Interest amount can be credited to the depositor's account or an accou

or Special Term Deposits - Interest earned on the deposits is added to the principal and compounded No interest is payable if the deposit is prematurely closed before the minimum period of 12 months. Premature closure attracts penalty of 1%

Loans can be granted against these deposits subject to a maximum of Rs.100 lakh as per RBI Guideli NRE Thrift deposits Fixed sums can be depoited every month for a fixed period Deposits maintained in Indian Rupees on repatriable basis Compound interest at same rates as applicable to other term deposits Periods from 12 months to 60 monthhs Eligible for tax concessions

Non Resident Ordinary Term Deposits (NRO)

When an existing resident goes abroad, his resident fixed deposits are to be termed as Non Resident New accounts can also be opened. The NRI's local funds generated in India can be credited to these accounts. Periodicity from 15 days to 10 years Balance in the account can be repatriated upto US Dollars 1 million per calendar year for any purpose

Earn Interest at domestic deposit rates

Interest earned is subject to deduction of Income Tax at source. Interest earned in NRO A/C repatriable Nomination Facilities available Can be held jointly with a resident

o be opened as Current Account]

t of applicable taxes can be credited to this account. broad. Drafts issued in approved foreign currencies can also be converted into Indian Rupees.

unts are to be termed as Non resident (Ordinary) Savings Bank Accounts. calendar year for any purpose. This includes sales proceeds of immovable property credited to NRO accounts subject to p

ng payable once in a quarter or compounded at quarterly periods and payable along with principal on maturity. The minim

epositor's account or an account of his choice, normally once in a quarter. Monthly interest payment permissible conditiona

the principal and compounded at quarterly intervals. The principal amount together with interest is repaid on maturity of t

inimum period of 12 months.

Rs.100 lakh as per RBI Guidelines

to be termed as Non Resident (Ordinary) Term deposits

calendar year for any purpose. This includes sales proceeds of immovable property credited to NRO accounts which has b

d to NRO accounts subject to payment of applicable Taxes.

ncipal on maturity. The minimum period for which an NRE term deposit can be opened is 12 months and the maximum pe

ayment permissible conditionally.

rest is repaid on maturity of the deposit.

to NRO accounts which has been held by the NRI.

months and the maximum period is 60 months.