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South Indian Bank

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 Jan 20, 2017)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Less than Rs. 1 cr

4.00

4.50

Calculate
46 days toless than 1 year Less than Rs. 1 cr

6.00

6.50

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

6.75

7.25

Calculate
Above 2 years to upto and incl 10 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

 
South Indian Bank Tax Gain - 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 Jan 20, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Less than Rs. 1 cr 4.00 Calculate
46 days toless than 1 year Less than Rs. 1 cr 6.00 Calculate
1 year to 2 years Less than Rs. 1 cr 6.75 Calculate
Above 2 years to upto and incl 10 years Less than Rs. 1 cr 6.50 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jan 20, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to 2 years Less than Rs. 1 cr 6.75 Calculate
Above 2 years to upto and incl 10 years Less than Rs. 1 cr 6.50 Calculate
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