ICICI Home Finance has launched a special offer on fixed deposits with an interest rate at 11.15 per cent per annum, payable annually on 15, 20 and 30 months fixed deposits.No wonder they're not cutting rates. 11.15% for heaven's sake! Home loan takers, beware, this is a sign they will squeeze you for all you've got - because they are getting squeezed.It is also offering additional benefit of 0.35 per cent for senior citizens, a press release issued here on Monday said.
Btw, CDS spreads are down to 875 bps, and SBI is down to 470.
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>DBS bank if offering 11.25% and 11.75% (Seniors) for one year upto two years FDs.
11.11.08 at 11:01 AM
>Deepak
please do a review about which pvt banks u think are safe, now that the fm has played politics with the psu banks to force them to cut rates
As the avenues of safer investments shrink this will be quite useful
11.11.08 at 4:40 PM
>Every housing finance company (except LIC housing finance) is offering 1-2 year deposits at rates similar to or even marginally higher than ICICI Home Finance. Even PNB Housing (subsidiary of PSU Punjab National Bank) is offering 11.5% senior citizens on 12-24 months deposits. Irresponsible people, like yourself, are manipulating every newsflow to create a scare. get a life and spare us this “for heaven’s sake” routine!
11.17.08 at 11:23 AM
>Ah, I see. You come to my blog, spend time reading my posts and then writing in a comment about some arbit irresponsibility you don’t even begin to understand, and you want *me* to have a life?
I would suggest you get yourself some lessons in logic. All i’ve said is they’re not going to cut rates because they have to pay such high deposit rates. You probably want to hear only good news; that time is over.
11.17.08 at 12:11 PM
>In US they have FDIC through which the savings are insured upto $100K and I guess it is $250 now. What about India ? Do we have like that ? What if ICICI goes bankrupt if I invest in FD now ?
Thanks.
11.18.08 at 6:22 PM
>humble: Unfortunately our insurance is only upto Rs. 100,000 (one lakh) per customer.
11.18.08 at 6:36 PM
>http://fixeddepositindia.blogspot.com/
http://deal4investments.blogspot.com/
01.07.09 at 2:22 PM