Quick look at falling bank interest rates

By Sneha.b.k

Published: Friday, April 27, 2012, 9:28 [IST]

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%

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Story first published: Friday, April 27, 2012, 9:28 [IST]

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