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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 10, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

5.00

N.A

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

5.00

N.A

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

5.00

N.A

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

7.00

N.A

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

7.00

N.A

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

7.00

N.A

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

8.50

N.A

Calculate
1 year only Less than Rs. 1 cr

9.00

N.A

Calculate
Above 1 Year 499 days Less than Rs. 1 cr

9.00

N.A

Calculate
500 days Less than Rs. 1 cr

9.00

N.A

Calculate
501 days to 3 years Less than Rs. 1 cr

9.00

N.A

Calculate
Above 3 Years Less than Rs. 1 cr

8.75

N.A

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

8.75

N.A

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 10, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 5.00 Calculate
15 days to 29 days Less than Rs. 1 cr 5.00 Calculate
30 days to 45 days Less than Rs. 1 cr 5.00 Calculate
46 days to 90 days Less than Rs. 1 cr 7.00 Calculate
91 days to 119 days Less than Rs. 1 cr 7.00 Calculate
120 days to 180 days Less than Rs. 1 cr 7.00 Calculate
181 days to less than 1 Year Less than Rs. 1 cr 8.50 Calculate
1 year only Less than Rs. 1 cr 9.00 Calculate
Above 1 Year 499 days Less than Rs. 1 cr 9.00 Calculate
500 days Less than Rs. 1 cr 9.00 Calculate
501 days to 3 years Less than Rs. 1 cr 9.00 Calculate
Above 3 Years Less than Rs. 1 cr 8.75 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Apr 10, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year only Less than Rs. 1 cr 9.00 Calculate
Above 1 Year 499 days Less than Rs. 1 cr 9.00 Calculate
500 days Less than Rs. 1 cr 9.00 Calculate
501 days to 3 years Less than Rs. 1 cr 9.00 Calculate
Above 3 Years Less than Rs. 1 cr 8.75 Calculate