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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. 1cr (last revised on Aug 24, 2015)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Less than Rs. 1cr

5.50

6.00

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

7.25

7.75

Calculate
3 months to less than 6 months Less than Rs. 1cr

7.50

8.00

Calculate
6 months to less than 9 months Less than Rs. 1cr

7.75

8.25

Calculate
9 months to less than 1 year Less than Rs. 1cr

8.00

8.50

Calculate
1 Year to 10 years Less than Rs. 1cr

8.25

8.75

Calculate
21 Months 10 Days to 21 Months 20 Days Less than Rs. 1cr

8.30

8.80

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

 
Tax Saver Deposits - 5 years Upto Rs. 1 lakh

8.25

8.75

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. 1cr (last revised on Aug 24, 2015)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Less than Rs. 1cr 5.50 Calculate
46 days to 90 days Less than Rs. 1cr 7.25 Calculate
3 months to less than 6 months Less than Rs. 1cr 7.50 Calculate
6 months to less than 9 months Less than Rs. 1cr 7.75 Calculate
9 months to less than 1 year Less than Rs. 1cr 8.00 Calculate
1 Year to 10 years Less than Rs. 1cr 8.25 Calculate
21 Months 10 Days to 21 Months 20 Days Less than Rs. 1cr 8.30 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1cr (last revised on Aug 24, 2015)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 Year to 10 years Less than Rs. 1cr 8.25 Calculate
21 Months 10 Days to 21 Months 20 Days Less than Rs. 1cr 8.30 Calculate
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