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The Ratnakar 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 lakh to Rs. 1 cr (last revised on Jun 16, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than lakh to Rs. 1 cr

5.50

6.00

Calculate
15 days to 45 days Less than lakh to Rs. 1 cr

5.50

6.00

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

8.50

9.00

Calculate
91days to 180 Days Less than lakh to Rs. 1 cr

8.75

9.25

Calculate
181 days to 240 days Less than lakh to Rs. 1 cr

9.00

9.50

Calculate
241 days to 364 days Less than lakh to Rs. 1 cr

9.00

9.50

Calculate
12 month to less than 24 month Less than lakh to Rs. 1 cr

9.50

10.00

Calculate
24 month to less than 36 month Less than lakh to Rs. 1 cr

9.50

10.00

Calculate
36 month to les than 60 month Less than lakh to Rs. 1 cr

9.50

10.00

Calculate
60 months to 120 months Less than lakh to Rs. 1 cr

9.50

10.00

Calculate

b) For domestic deposits - Rs. 1 cr and above to upto Rs 5 cr (last revised on Jun 16, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 1 cr and above to upto Rs 5 cr

6.25

6.75

Calculate
15 days to 45 days Rs. 1 cr and above to upto Rs 5 cr

6.25

6.75

Calculate
46 days to 90 days Rs. 1 cr and above to upto Rs 5 cr

8.50

9.00

Calculate
91days to 180 Days Rs. 1 cr and above to upto Rs 5 cr

9.25

9.75

Calculate
181 days to 240 days Rs. 1 cr and above to upto Rs 5 cr

9.25

9.75

Calculate
241 days to 364 days Rs. 1 cr and above to upto Rs 5 cr

9.25

9.75

Calculate
12 month to less than 24 month Rs. 1 cr and above to upto Rs 5 cr

9.50

10.00

Calculate
24 month to less than 36 month Rs. 1 cr and above to upto Rs 5 cr

9.50

10.00

Calculate
36 month to les than 60 month Rs. 1 cr and above to upto Rs 5 cr

9.50

10.00

Calculate
60 months to 120 months Rs. 1 cr and above to upto Rs 5 cr

9.50

10.00

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

 
Ratnakar Tax Savings Term Deposit Scheme - 60 months to 120 months Upto Rs. 1 lakh

9.50

10.00

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 lakh to Rs. 1 cr (last revised on Jun 16, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than lakh to Rs. 1 cr 5.50 Calculate
15 days to 45 days Less than lakh to Rs. 1 cr 5.50 Calculate
46 days to 90 days Less than lakh to Rs. 1 cr 8.50 Calculate
91days to 180 Days Less than lakh to Rs. 1 cr 8.75 Calculate
181 days to 240 days Less than lakh to Rs. 1 cr 9.00 Calculate
241 days to 364 days Less than lakh to Rs. 1 cr 9.00 Calculate
12 month to less than 24 month Less than lakh to Rs. 1 cr 9.50 Calculate
24 month to less than 36 month Less than lakh to Rs. 1 cr 9.50 Calculate
36 month to les than 60 month Less than lakh to Rs. 1 cr 9.50 Calculate
60 months to 120 months Less than lakh to Rs. 1 cr 9.50 Calculate

b) For NRO Fixed Deposit - Rs. 1 cr and above to upto Rs 5 cr (last revised on Jun 16, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1 cr and above to upto Rs 5 cr 6.25 Calculate
15 days to 45 days Rs. 1 cr and above to upto Rs 5 cr 6.25 Calculate
46 days to 90 days Rs. 1 cr and above to upto Rs 5 cr 8.50 Calculate
91days to 180 Days Rs. 1 cr and above to upto Rs 5 cr 9.25 Calculate
181 days to 240 days Rs. 1 cr and above to upto Rs 5 cr 9.25 Calculate
241 days to 364 days Rs. 1 cr and above to upto Rs 5 cr 9.25 Calculate
12 month to less than 24 month Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate
24 month to less than 36 month Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate
36 month to les than 60 month Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate
60 months to 120 months Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate

a) For NRE Fixed Deposit - Less than lakh to Rs. 1 cr (last revised on Jun 16, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 month to less than 24 month Less than lakh to Rs. 1 cr 9.50 Calculate
24 month to less than 36 month Less than lakh to Rs. 1 cr 9.50 Calculate
36 month to les than 60 month Less than lakh to Rs. 1 cr 9.50 Calculate
60 months to 120 months Less than lakh to Rs. 1 cr 9.50 Calculate

b) For NRE Fixed Deposit - Rs. 1 cr and above to upto Rs 5 cr (last revised on Jun 16, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 month to less than 24 month Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate
24 month to less than 36 month Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate
36 month to les than 60 month Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate
60 months to 120 months Rs. 1 cr and above to upto Rs 5 cr 9.50 Calculate
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