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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 Dec 13, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

5.50

5.50

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

6.50

6.50

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

8.00

8.00

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

8.00

8.50

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

8.00

8.50

Calculate
181 days to less than 364 days Less than Rs. 1 cr

8.50

9.00

Calculate
364 days only Less than Rs. 1 cr

9.00

9.50

Calculate
1 year only Less than Rs. 1 cr

9.00

9.50

Calculate
Above 1 year to less than 3 years & 3 months Less than Rs. 1 cr

9.00

9.50

Calculate
3 years & 3 months to less than 5 years Less than Rs. 1 cr

9.00

9.50

Calculate
5 Years & above Less than Rs. 1 cr

9.00

N.A

Calculate
5 years and above Less than Rs. 1 cr

N.A

9.00

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

9.00

9.50

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 Dec 13, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 5.50 Calculate
15 days to 45 days Less than Rs. 1 cr 6.50 Calculate
46 days to 90 days Less than Rs. 1 cr 8.00 Calculate
91 days to 120 days Less than Rs. 1 cr 8.00 Calculate
121 days to 180 days Less than Rs. 1 cr 8.00 Calculate
181 days to less than 364 days Less than Rs. 1 cr 8.50 Calculate
364 days only Less than Rs. 1 cr 9.00 Calculate
1 year only Less than Rs. 1 cr 9.00 Calculate
Above 1 year to less than 3 years & 3 months Less than Rs. 1 cr 9.00 Calculate
3 years & 3 months to less than 5 years Less than Rs. 1 cr 9.00 Calculate
5 Years & above Less than Rs. 1 cr 9.00 Calculate

a) For NRE Fixed Deposit - Above Rs. 5 cr (last revised on Feb 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 months only Above Rs. 5 cr 9.00 Calculate
above 12 months to less than 2 years Above Rs. 5 cr 9.00 Calculate
2 years to less than 3 years Above Rs. 5 cr 9.00 Calculate
3 years to less than 5 years Above Rs. 5 cr 9.25 Calculate
5 years & above Above Rs. 5 cr 9.25 Calculate

b) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Feb 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 months only Less than Rs. 1 cr 8.75 Calculate
above 12 months to less than 2 years Less than Rs. 1 cr 8.75 Calculate
2 years to less than 3 years Less than Rs. 1 cr 8.75 Calculate
3 years to less than 5 years Less than Rs. 1 cr 9.25 Calculate
5 years & above Less than Rs. 1 cr 9.25 Calculate

c) For NRE Fixed Deposit - Rs. 1 cr to Rs. 5 cr (last revised on Feb 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 months only Rs. 1 cr to Rs. 5 cr 9.00 Calculate
above 12 months to less than 2 years Rs. 1 cr to Rs. 5 cr 9.00 Calculate
2 years to less than 3 years Rs. 1 cr to Rs. 5 cr 9.00 Calculate
3 years to less than 5 years Rs. 1 cr to Rs. 5 cr 9.25 Calculate
5 years & above Rs. 1 cr to Rs. 5 cr 9.25 Calculate
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