short term deposit rates in indian banks

You can invest in both cumulative and non-cumulative FDs. The interest rate for senior citizens is 0.5 higher.

Domestic Term Deposit Interest Rate : Historical Data Interest Rate On Sarvottam (Non-Callable) Domestic Term Deposits w.e.f. Share PriceĪdani Ports & Special Economic Zone. On renewing an investment, you will receive an additional interest rate of 0.25. Domestic term deposits (Rs 2 crore and above) interest rates revised w.e.f. 'In the next few months if the trend continues then we will have no other option but to raise deposit rates because the market conditions are also not very favourable for us to go to the market to raise growth capital,' said a senior executive at a state-owned bank. Going ahead, while the prospects for credit growth appear promising, high inflation and rate hikes may cast a shadow, CARE said.īanks' credit-deposit ratio - currently 73% of banks total deposits are being lent out - has been steadily rising, indicating that their earning capacity is also improving.īut as credit demand picks up, there could be pressure on funding unless deposit growth matches up. 'Personal loans have been the main growth driver for the Indian banking sector during the past few years, as corporate lending has stalled due to NPAs (non-performing assets) and deleveraging,' CARE Ratings said in a report earlier this week. Retail loan growth which includes personal loans, mortgages, auto loans has steadily been growing at a faster clip and continues to outpace corporate credit.

Short term deposit rates in indian banks