a) For domestic deposits - Less than Rs. 15 lakh (last revised on Mar 01, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 7 days and above to 90 days |
Less than Rs. 15 lakh |
|
Calculate |
| 91 days and above upto 180 days |
Less than Rs. 15 lakh |
|
Calculate |
| 181 days and above upto 18 months |
Less than Rs. 15 lakh |
|
Calculate |
| Above 18 months upto 36 months |
Less than Rs. 15 lakh |
|
Calculate |
| Above 36 months upto 60 months |
Less than Rs. 15 lakh |
|
Calculate |
| Above 60 months upto 120 months |
Less than Rs. 15 lakh |
|
Calculate |
b) For domestic deposits - Rs. 1 cr and above (last revised on Mar 01, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 7 days and above to 90 days |
Rs. 1 cr and above |
|
Calculate |
| 91 days and above upto 180 days |
Rs. 1 cr and above |
|
Calculate |
| 181 days and above upto 18 months |
Rs. 1 cr and above |
|
Calculate |
| Above 18 months upto 36 months |
Rs. 1 cr and above |
|
Calculate |
| Above 36 months upto 60 months |
Rs. 1 cr and above |
|
Calculate |
| Above 60 months upto 120 months |
Rs. 1 cr and above |
|
Calculate |
Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| Abhyudaya Tax Savings Scheme - 5 Years |
Less than Rs. 15 lakh |
|
Calculate |
Tax Implications:
- The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
- Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000
a) For NRO Fixed Deposit - Less than Rs. 15 lakh (last revised on Mar 01, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 7 days and above to 90 days |
Less than Rs. 15 lakh |
6.50 |
Calculate |
| 91 days and above upto 180 days |
Less than Rs. 15 lakh |
8.00 |
Calculate |
| 181 days and above upto 18 months |
Less than Rs. 15 lakh |
9.50 |
Calculate |
| Above 18 months upto 36 months |
Less than Rs. 15 lakh |
9.75 |
Calculate |
| Above 36 months upto 60 months |
Less than Rs. 15 lakh |
9.25 |
Calculate |
| Above 60 months upto 120 months |
Less than Rs. 15 lakh |
8.50 |
Calculate |
b) For NRO Fixed Deposit - Rs. 1 cr and above (last revised on Mar 01, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 7 days and above to 90 days |
Rs. 1 cr and above |
6.60 |
Calculate |
| 91 days and above upto 180 days |
Rs. 1 cr and above |
8.10 |
Calculate |
| 181 days and above upto 18 months |
Rs. 1 cr and above |
9.60 |
Calculate |
| Above 18 months upto 36 months |
Rs. 1 cr and above |
9.85 |
Calculate |
| Above 36 months upto 60 months |
Rs. 1 cr and above |
9.35 |
Calculate |
| Above 60 months upto 120 months |
Rs. 1 cr and above |
8.60 |
Calculate |
a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Mar 01, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 12 months and above upto 18 months |
Less than Rs. 1 cr |
9.50 |
Calculate |
| Above 18 months upto 36 months |
Less than Rs. 1 cr |
9.75 |
Calculate |
| Above 36 months upto 60 months |
Less than Rs. 1 cr |
9.25 |
Calculate |
| Above 60 months upto 120 months |
Less than Rs. 1 cr |
8.50 |
Calculate |