a) For domestic deposits - Above Rs. 25 lakh (last revised on Feb 18, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 7 days to 180 days |
Above Rs. 25 lakh |
|
Calculate |
| 181 days to 12 months |
Above Rs. 25 lakh |
|
Calculate |
| Above 12 months to 36 months |
Above Rs. 25 lakh |
|
Calculate |
| Above 36 months to 60 months |
Above Rs. 25 lakh |
|
Calculate |
| More than 60 months |
Above Rs. 25 lakh |
|
Calculate |
b) For domestic deposits - Upto Rs. 25 lakh (last revised on Feb 18, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 7 days to 180 days |
Upto Rs. 25 lakh |
|
Calculate |
| 181 days to 12 months |
Upto Rs. 25 lakh |
|
Calculate |
| Above 12 months to 36 months |
Upto Rs. 25 lakh |
|
Calculate |
| Above 36 months to 60 months |
Upto Rs. 25 lakh |
|
Calculate |
| More than 60 months |
Upto Rs. 25 lakh |
|
Calculate |
Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| KAR-BACHAT - 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 NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Feb 18, 2013)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 12 Months |
Less than Rs. 1 cr |
7.75 |
Calculate |
| 12 months to less than 24 months |
Less than Rs. 1 cr |
9.00 |
Calculate |
| 24 months to less than 36 months |
Less than Rs. 1 cr |
9.35 |
Calculate |
| 36 months & above to 10 years |
Less than Rs. 1 cr |
8.75 |
Calculate |