Liquidity crunch: Bank FDs the safest investment

[Sukumar.N]

Where to invest your money?
=====================


With the stock market in the grip of a severe bear grip, chances are
you aren't too sure of your equity investments. Debt-oriented mutual
funds too are giving low returns.

In such a scenario, bank fixed deposits look like safe investments.
Moreover, Indian banks are more secure than their Western
counterparts, making FDs a safe bet.

Here's a list of the intersest rates offerred by different banks.


State Bank of India
==============

91-120 days- 7.50%

181-270 days- 8.50%

1-2 years- 10.00%

2-3 years- 9.50%

3-5 years- 9.75%


Punjab National Bank
===============

Interest rates:

91-120 days- 7.00%**

181-270 days- 8.50%**

1-2 years- 10.50%

2-3 years- 10.00%

3-5 years- 9.75%

(** The bank gives 0.25% higher interest for amounts above Rs 15 lakh)


ICICI Bank
========

Special Scheme:

390,590 and 890 days- 10.50%

Interest rates:

91-120 days- 6.25%

181-270 days- 7.50%

1-2 years- 9.50%

2-3 years- 9.50%


HDFC Bank
=========

Special Scheme:

6 months, 15 days: 10.50%

9 months, 15 days: 10.50%

1 year, 15 days: 10.50%

Interest rates:

91-120 days- 7.00%

181-270 days- 8.00%

1-2 years- 9.00%

2-3 years- 9.50%

3-5 years- 9.50%


Canara Bank
==========

Interest rates:

91-120 days- 7.50%

181-270 days- 8.75%

1-2 years- 10.50%

2-3 years- 9.75%

3-5 years- 9.50%


Union Bank
========

Special Scheme:

900 days: 10.50%

Interest rates:

91-120 days- 7.00%

181-270 days- 9.05%

1-2 years- 9.75%

2-3 years- 9.50%

3-5 years- 9.50%


ING Vysya
========

Interest rates:


91-120 days- 9.00%

181-270 days- 9.00%

1-2 years- 9.75%

2-3 years- 8.75%

3-5 years- 8.75%


Barclays
======

Interest rates:


91-120 days- 8.50%

181-270 days- 9.25%

1-2 years- 10.00%

2-3 years- 10.00%

3-5 years- 10.00%


N.Sukumar
Research Analyst
www.kences1.blogspot.com