a) For domestic deposits - Less than Rs. 1 cr (last revised on May 02, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 15 days to less than 90 days |
Less than Rs. 1 cr |
|
Calculate |
| 90 days |
Less than Rs. 1 cr |
|
Calculate |
| 91 days to less than 180 days |
Less than Rs. 1 cr |
|
Calculate |
| 180 days |
Less than Rs. 1 cr |
|
Calculate |
| 181 days to 364 days |
Less than Rs. 1 cr |
|
Calculate |
| 365 days to 499 days |
Less than Rs. 1 cr |
|
Calculate |
| 500 days (simple int) |
Less than Rs. 1 cr |
|
Calculate |
| 501 days to 36 months |
Less than Rs. 1 cr |
|
Calculate |
| Above 36 months to 60 months |
Less than Rs. 1 cr |
|
Calculate |
| Above 60 months to 120 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.)
|
|
|
| Shamrao Vithal Tax Savings Scheme - 5 Years |
Upto 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 May 02, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 15 days to less than 90 days |
Less than Rs. 1 cr |
6.50 |
Calculate |
| 90 days |
Less than Rs. 1 cr |
6.00 |
Calculate |
| 91 days to less than 180 days |
Less than Rs. 1 cr |
7.00 |
Calculate |
| 180 days |
Less than Rs. 1 cr |
6.75 |
Calculate |
| 181 days to 364 days |
Less than Rs. 1 cr |
7.50 |
Calculate |
| 365 days to 499 days |
Less than Rs. 1 cr |
9.00 |
Calculate |
| 500 days (simple int) |
Less than Rs. 1 cr |
9.25 |
Calculate |
| 501 days to 36 months |
Less than Rs. 1 cr |
9.00 |
Calculate |
| Above 36 months to 60 months |
Less than Rs. 1 cr |
9.25 |
Calculate |
| Above 60 months to 120 months |
Less than Rs. 1 cr |
8.00 |
Calculate |
a) For NRE Fixed Deposit - Less than Rs. 15 lakh (last revised on May 02, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 365 days to 499 days |
Less than Rs. 15 lakh |
9.00 |
Calculate |
| 500 days (simple int) |
Less than Rs. 15 lakh |
9.25 |
Calculate |
| 501 days to 60 months |
Less than Rs. 15 lakh |
9.00 |
Calculate |