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Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 1 cr (last revised on Jul 11, 2017)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

5.00

5.00

Calculate
15 days to 45 days Less than Rs. 1 cr

5.00

5.00

Calculate
46 days to 60 days Less than Rs. 1 cr

5.75

5.75

Calculate
61 days to 90 days Less than Rs. 1 cr

5.75

5.75

Calculate
91 days to 120 days Less than Rs. 1 cr

6.25

6.75

Calculate
121 days to 180 days Less than Rs. 1 cr

6.25

6.75

Calculate
181 days to 270 days Less than Rs. 1 cr

6.35

6.85

Calculate
271 to less than 1 year Less than Rs. 1 cr

6.35

6.85

Calculate
1 year to less than 3 year Less than Rs. 1 cr

6.60

7.10

Calculate
3 Years and Above Less than Rs. 1 cr

6.50

7.00

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Corp Tax Saver Plus - 5 years Upto Rs. 1 lakh

6.50

7.00

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. 1 cr (last revised on Jul 11, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 5.00 Calculate
15 days to 45 days Less than Rs. 1 cr 5.00 Calculate
46 days to 60 days Less than Rs. 1 cr 5.75 Calculate
61 days to 90 days Less than Rs. 1 cr 5.75 Calculate
91 days to 120 days Less than Rs. 1 cr 6.25 Calculate
121 days to 180 days Less than Rs. 1 cr 6.25 Calculate
181 days to 270 days Less than Rs. 1 cr 6.35 Calculate
271 to less than 1 year Less than Rs. 1 cr 6.35 Calculate
1 year to less than 3 year Less than Rs. 1 cr 6.60 Calculate
3 Years and Above Less than Rs. 1 cr 6.50 Calculate

a) For NRE Fixed Deposit - Above Rs. 5 cr (last revised on Jun 24, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 3 year Above Rs. 5 cr 5.00 Calculate
3 Years and Above Above Rs. 5 cr 5.00 Calculate

b) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jun 24, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 3 year Less than Rs. 1 cr 6.60 Calculate
3 Years and Above Less than Rs. 1 cr 6.50 Calculate

c) For NRE Fixed Deposit - Rs. 1 cr to Rs. 5 cr (last revised on Jun 24, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 3 year Rs. 1 cr to Rs. 5 cr 5.10 Calculate
3 Years and Above Rs. 1 cr to Rs. 5 cr 5.00 Calculate
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