Business: Banks offering highest fixed deposit rates in India as of January 25, 2009

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posted by ramvis 1213 days ago
While banks have been reducing fixed deposit rates recently, there are still many banks offering attractive interest rates on fixed deposits. For non-senior citizens (people below the age of 60), Lakshmi Vilas Bank, a private sector bank, is offering the highest interest rate of 11.00% for fixed deposits. This interest rate is being offered for deposit periods of 1 to 2 years as well as 2 years to 3 years. Development Credit Bank, also a private sector bank, is offering the next best interest rate of 10.75% on fixed deposits for non-senior citizens. This rate is being offered for a period of 1 year. Among public sector banks, Canara Bank is offering the highest fixed deposit interest rate of 10.00% for non-senior citizens for terms of 1 year to 2 years as well as 2 years to 3 years.
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