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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 Apr 17, 2017)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

3.50

4.00

Calculate
15 days to 29 days Less than Rs. 1 cr

4.50

5.00

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

5.00

5.50

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

5.70

6.20

Calculate
91 days to 119 days Less than Rs. 1 cr

6.00

6.50

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

6.25

6.75

Calculate
271 days to less than1 years Less than Rs. 1 cr

6.50

7.00

Calculate
1 year Less than Rs. 1 cr

6.70

7.20

Calculate
Above 1 year to 2 years Less than Rs. 1 cr

6.80

7.30

Calculate
Above 2 years 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

 
Federal Tax Savings Deposit Scheme (FTSD) - 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 Apr 17, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 3.50 Calculate
15 days to 29 days Less than Rs. 1 cr 4.50 Calculate
30 days to 60 days Less than Rs. 1 cr 5.00 Calculate
61 days to 90 days Less than Rs. 1 cr 5.70 Calculate
91 days to 119 days Less than Rs. 1 cr 6.00 Calculate
120 days to 270 days Less than Rs. 1 cr 6.25 Calculate
271 days to less than1 years Less than Rs. 1 cr 6.50 Calculate
1 year Less than Rs. 1 cr 6.70 Calculate
Above 1 year to 2 years Less than Rs. 1 cr 6.80 Calculate
Above 2 years Less than Rs. 1 cr 6.50 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jan 16, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Less than Rs. 1 cr 6.70 Calculate
Above 1 year to 2 years Less than Rs. 1 cr 6.80 Calculate
2 Years and above Less than Rs. 1 cr 6.50 Calculate
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