Where to invest your money? - Current FD rates

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

Interest rates:  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%  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%