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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 Dec 26, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

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

5.00

5.50

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

5.25

5.75

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

6.75

7.25

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

7.00

7.50

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

7.15

7.78

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

7.50

8.24

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

7.75

8.51

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

7.85

8.62

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

7.70

8.46

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

7.70

8.46

Calculate
120 months to 240 months Less than lakh to Rs. 1 cr

7.70

8.46

Calculate

b) For domestic deposits - Rs. 1 cr and above to upto Rs 3 cr (last revised on Dec 26, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 1 cr and above to upto Rs 3 cr

5.75

6.25

Calculate
15 days to 45 days Rs. 1 cr and above to upto Rs 3 cr

5.75

6.25

Calculate
46 days to 90 days Rs. 1 cr and above to upto Rs 3 cr

6.50

7.00

Calculate
91days to 180 Days Rs. 1 cr and above to upto Rs 3 cr

6.75

7.25

Calculate
181 days to 240 days Rs. 1 cr and above to upto Rs 3 cr

7.05

7.67

Calculate
241 days to 364 days Rs. 1 cr and above to upto Rs 3 cr

7.35

8.08

Calculate
12 month to less than 24 month Rs. 1 cr and above to upto Rs 3 cr

7.35

8.08

Calculate
24 month to less than 36 month Rs. 1 cr and above to upto Rs 3 cr

7.35

8.08

Calculate
36 month to les than 60 month Rs. 1 cr and above to upto Rs 3 cr

7.25

7.98

Calculate
60 months to 120 months Rs. 1 cr and above to upto Rs 3 cr

7.25

7.98

Calculate
120 months to 240 months Rs. 1 cr and above to upto Rs 3 cr

7.25

7.98

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

7.70

8.46

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 Dec 26, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than lakh to Rs. 1 cr 5.00 Calculate
15 days to 45 days Less than lakh to Rs. 1 cr 5.25 Calculate
46 days to 90 days Less than lakh to Rs. 1 cr 6.75 Calculate
91days to 180 Days Less than lakh to Rs. 1 cr 7.00 Calculate
181 days to 240 days Less than lakh to Rs. 1 cr 7.15 Calculate
241 days to 364 days Less than lakh to Rs. 1 cr 7.50 Calculate
12 month to less than 24 month Less than lakh to Rs. 1 cr 7.75 Calculate
24 month to less than 36 month Less than lakh to Rs. 1 cr 7.85 Calculate
36 month to les than 60 month Less than lakh to Rs. 1 cr 7.70 Calculate
60 months to 120 months Less than lakh to Rs. 1 cr 7.70 Calculate
120 months to 240 months Less than lakh to Rs. 1 cr 7.70 Calculate

b) For NRO Fixed Deposit - Rs. 1 cr and above to upto Rs 3 cr (last revised on Dec 26, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1 cr and above to upto Rs 3 cr 5.75 Calculate
15 days to 45 days Rs. 1 cr and above to upto Rs 3 cr 5.75 Calculate
46 days to 90 days Rs. 1 cr and above to upto Rs 3 cr 6.50 Calculate
91days to 180 Days Rs. 1 cr and above to upto Rs 3 cr 6.75 Calculate
181 days to 240 days Rs. 1 cr and above to upto Rs 3 cr 7.05 Calculate
241 days to 364 days Rs. 1 cr and above to upto Rs 3 cr 7.35 Calculate
12 month to less than 24 month Rs. 1 cr and above to upto Rs 3 cr 7.35 Calculate
24 month to less than 36 month Rs. 1 cr and above to upto Rs 3 cr 7.35 Calculate
36 month to les than 60 month Rs. 1 cr and above to upto Rs 3 cr 7.25 Calculate
60 months to 120 months Rs. 1 cr and above to upto Rs 3 cr 7.25 Calculate
120 months to 240 months Rs. 1 cr and above to upto Rs 3 cr 7.25 Calculate
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