Survey on the different rate of interest offer on different account by four banks take to private banks and to government banks.
Answers
Survey on the interest rate offered on different accounts in different banks.
According to the Global Findex Database, around 80 percentage of Indians own a bank account. They hold different set of accounts in different banks as Indian banks provide different set of interest rates to bring customers in.
For example: Here I have compared the Interest rate of two Indian private banks and two government owned banks.
Government Banks:
Canara Bank Interest Rate (Per Year): Canara bank offers 6.30% interest for the FD(Fixed Deposit) account holders and 6.80% for the Senior Citizen account holders.
State Bank of India Interest Rate (Per Year): SBI Offers 6.10% for normal FD accounts and 6.60% to the Senior Citizen accounts.
Private Banks:
Axis Bank Interest Rate (Per Year): Axis bank offers 6.40% for General FD account holders and 7.05% for senior citizens.
ICICI Bank Interest Rate (Per Year): 6.20% for regular FD account and 6.70% for senior citizen account.