a) For domestic deposits - Above Rs. 1 cr (last revised on Sep 28, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 15 days to 179 days |
Above Rs. 1 cr |
|
Calculate |
| 180 days up to 1 year |
Above Rs. 1 cr |
|
Calculate |
| Above 1 year up to 24 months |
Above Rs. 1 cr |
|
Calculate |
| Above 24 months up to 36 months |
Above Rs. 1 cr |
|
Calculate |
| Above 36 months up to 60 months |
Above Rs. 1 cr |
|
Calculate |
| Above 60 months up to 84 months |
Above Rs. 1 cr |
|
Calculate |
b) For domestic deposits - Less than Rs. 1 cr (last revised on Sep 28, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 15 days to 179 days |
Less than Rs. 1 cr |
|
Calculate |
| 180 days up to 1 year |
Less than Rs. 1 cr |
|
Calculate |
| Above 1 year up to 24 months |
Less than Rs. 1 cr |
|
Calculate |
| Above 24 months up to 36 months |
Less than Rs. 1 cr |
|
Calculate |
| Above 36 months up to 60 months |
Less than Rs. 1 cr |
|
Calculate |
| Above 60 months up to 84 months |
Less than Rs. 1 cr |
|
Calculate |
Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| Madhukar Tax Saving - 5 years |
Up to 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. 1 cr (last revised on Oct 15, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 15 days to 179 days |
Less than Rs. 1 cr |
8.00 |
Calculate |
| 180 days up to 1 year |
Less than Rs. 1 cr |
9.00 |
Calculate |
| Above 1 year up to 24 months |
Less than Rs. 1 cr |
9.25 |
Calculate |
| Above 24 months up to 36 months |
Less than Rs. 1 cr |
8.50 |
Calculate |
| Above 36 months up to 60 months |
Less than Rs. 1 cr |
9.00 |
Calculate |
| Above 60 months up to 84 months |
Less than Rs. 1 cr |
8.00 |
Calculate |
a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Oct 15, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 1 year |
Less than Rs. 1 cr |
8.00 |
Calculate |
| Above 1 year up to 18 months |
Less than Rs. 1 cr |
9.00 |
Calculate |
| Above 18 months up to 36 months |
Less than Rs. 1 cr |
8.50 |
Calculate |
| Above 36 months up to 60 months |
Less than Rs. 1 cr |
9.00 |
Calculate |
