Bank fixed deposits regained their lost glory during the hardening of interest rates.

So much so that they even scored over government saving schemes.

Although taking a cue from the government’s recent policies, banks have now started slashing the deposit rates, term deposit schemes still look attractive, particularly in the light of the current financial crisis as well as the market meltdown.

Check out the latest rates banks are offering:

Interest rates by SBI for domestic term deposits below Rs 1 crore:

7 days to 14 days: 3.50%
15 days to 30 days: 4.25%
31 days to 45 days: 4.50%
46 days to 90 days: 6.00%
91 days to 180 days: 6.25%
181 days to 270 days: 6.75%
271 days to less than 1 year: 7.25%
One Year & above: 7.50%

Interest rates from BOI for deposits less than Rs15 lakh :

Maturity: Revised Rates w.e.f. 19.01.2009

07 days to 14 days: 3.25%
15 days to 30 days: 4.25%
31 days to 45 days: 4.50%
46 days to 90 days: 6.00%
91 days to 179 days: 6.25%
180 days to 269 days: 7.25%
270 days to 364 days: 7.50%
1 year to less than 2 years: 8.00%
2 years to less than 3 years: 8.25%
3 years to less than 5 years: 8.25%
5 years and above: 8.25%

Interest rates for deposits Rs 15 lakh and above but less than Rs1 crore:

Maturity: Revised Rates w.e.f. 19.01.2009

07 days to 14 days: 3.25%
15 days to 30 days: 4.25%
31 days to 45 days: 4.50%
46 days to 90 days: 6.00%
91 days to 179 days: 6.25%
180 days to 269 days: 7.25%
270 days to 364 days: 7.50%
1 year to less than 2 years: 8.00%
2 years to less than 3 years: 8.25%
3 years to less than 5 years: 8.25%
5 years and above: 8.25%

Interest rates from HDFC Bank for regular fixed deposits below Rs 15 lakh:

Maturity Period: Revised Rates w.e.f. 12.01.2009

15 - 29 days: 3.50%
30 - 45 days: 4.00%
46 - 60 days: 4.50%
61 - 90 days: 5.00%
91 – 180 days: 5.50%
6 months 1 day - 6 months 15 days: 7.00%
1 year 17 days - 2 years: 8.00%
2 years 17 days - 3 years: 8.00%
3 years 1 day - 5 years: 8.00%
5 years 1 day - 8 years: 8.00%

Interest rates from ICICI Bank for domestic term deposits

Maturity Period: Deposit of less than Rs 15 lakh w.e.f. 19.01.2009

7 days to 14 days: N.A.
15 days to 29 days: 3.75%
30 days to 45 days: 4.00%
46 days to 60 days: 4.00%
61 days to 89 days: 4.00%
90 days: 5.75%
91 days to 180 days: 6.25%
190 days: 7.75%
191 days to 269 days: 7.25%
270 days to less than 1 year: 8.00%
1 year to 389 days: 8.25%
390 days: 8.75%
391 days to 589 days: 8.25%
890 days: 9.00%
891 days upto 10 years: 8.25%

Interest rates from HSBC Bank for domestic / Non-Resident Ordinary Rupee (NRO) term deposit accounts:

FD Period: Interest rates effective from January 7, 2009

15 days: 3.50%
30 days: 4.25%
60 days: 5.25%
90 days: 5.25%
180 days: 5.50%
270 days: 8.00%
1 year: 8.00%
400 days: 8.50%
4 years: 7.50%
5 years: 7.50%

Interest rates from Axis Bank for domestic deposits:

Period:Interest rate on deposits below Rs 15 lakh effective January 9

15 Days to 29 Days: 3.00%
30 days to 45 days: 4.00%
46 days to 60 days: 5.00%
61 days to less than 3 months: 5.00%
3 months to less than 6 months: 6.00%
6 months to less than 9 months: 7.00%
9 months to less than 1 year: 8.00%
1 year to less than 2 years: 8.90%
2 years to less than 3 years: 8.50%
3 years to less than 5 years: 8.00%
5 years upto 10 years: 8.00%

The interest rates from Corporation Bank on domestic term deposits with effect from January 12, 2009:

Duration: Interest rate on less than Rs 15 lakh

15 days to 29 days: 4.75%
30 days to 45 days:5.00
46 Days to 60 Days: 5.50%
61 Days to 90 Days: 6.00%
91 days to less than 6 months: 7.50%
6 months to less than 9 months: 7.75%
9 Months to less than 12 Months: 8.25%
12 months to Less than 2 Years: 8.75%
2 Years to less than 3 Years: 9.00%
3 Years to less than 5 Years: 8.75%
5 Years and above: 8.75%

Duration: Interest rate on 15 lakh upto Rs 1 cr

15 days to 29 days: 4.75%
30 days to 45 days: 5.00%
46 Days to 60 Days: 5.75%
61 Days to 90 Days: 6.25%
91 days to less than 6 months: 7.25%
6 months to less than 9 months: 7.50%
9 Months to less than 12 Months: 8.00%
12 months to Less than 2 Years: 8.75%
2 Years to less than 3 Years: 9.00%
3 Years to less than 5 Years: 8.75%
5 Years and above: 8.75%