a) For domestic deposits - Less than Rs. 15 lakh (last revised on Feb 20, 2012)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 7 days to 180 days |
Less than Rs. 15 lakh |
|
Calculate |
| 181 days to 270 days |
Less than Rs. 15 lakh |
|
Calculate |
| 271 days to 364 days |
Less than Rs. 15 lakh |
|
Calculate |
| 1 year |
Less than Rs. 15 lakh |
|
Calculate |
| 1 year to less than 3 years |
Less than Rs. 15 lakh |
|
Calculate |
| 3 years to less than 5 years |
Less than Rs. 15 lakh |
|
Calculate |
| 5 years to 10 years |
Less than Rs. 15 lakh |
|
Calculate |
Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| City Union Bank Tax Saver Scheme - 5 years |
Upto Rs. 1 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 Feb 20, 2012)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 7 days to 180 days |
Less than Rs. 15 lakh |
6.00 |
Calculate |
| 181 days to 270 days |
Less than Rs. 15 lakh |
7.50 |
Calculate |
| 271 days to 364 days |
Less than Rs. 15 lakh |
9.00 |
Calculate |
| 1 year |
Less than Rs. 15 lakh |
10.00 |
Calculate |
| 1 year to less than 3 years |
Less than Rs. 15 lakh |
9.75 |
Calculate |
| 3 years to less than 5 years |
Less than Rs. 15 lakh |
9.50 |
Calculate |
| 5 years to 10 years |
Less than Rs. 15 lakh |
9.00 |
Calculate |
a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Feb 20, 2012)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 1 year |
Less than Rs. 1 cr |
10.00 |
Calculate |
| 1 year to less than 3 years |
Less than Rs. 1 cr |
9.75 |
Calculate |
| Above 3 years to less than 5 years |
Less than Rs. 1 cr |
9.50 |
Calculate |
| Above 5 years to 10 years |
Less than Rs. 1 cr |
9.00 |
Calculate |
