a) For domestic deposits - Less than Rs. 15 lakh (last revised on Dec 23, 2011)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| 7 days to 45 days |
Less than Rs. 15 lakh |
|
Calculate |
| 46 days to 90 days |
Less than Rs. 15 lakh |
|
Calculate |
| 3 months to less than 6 months |
Less than Rs. 15 lakh |
|
Calculate |
| 6 months to less than 9 months |
Less than Rs. 15 lakh |
|
Calculate |
| 271 days |
Less than Rs. 15 lakh |
|
Calculate |
| 9 months to less than 1 year |
Less than Rs. 15 lakh |
|
Calculate |
| 1 year to less than 3 years |
Less than Rs. 15 lakh |
|
Calculate |
| 15 Months 15 days to 16 Months |
Less than Rs. 15 lakh |
|
Calculate |
| 3 years to 10 years |
Less than Rs. 15 lakh |
|
Calculate |
Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.)
|
|
|
| Tax Saver Deposits - 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 NRO Fixed Deposit - Less than Rs. 15 lakh (last revised on Dec 23, 2011)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 7 days to 45 days |
Less than Rs. 15 lakh |
5.00 |
Calculate |
| 46 days to 90 days |
Less than Rs. 15 lakh |
6.25 |
Calculate |
| 3 months to less than 6 months |
Less than Rs. 15 lakh |
8.25 |
Calculate |
| 6 months to less than 9 months |
Less than Rs. 15 lakh |
8.50 |
Calculate |
| 271 days |
Less than Rs. 15 lakh |
9.30 |
Calculate |
| 9 months to less than 1 year |
Less than Rs. 15 lakh |
9.00 |
Calculate |
| 1 year to less than 3 years |
Less than Rs. 15 lakh |
9.00 |
Calculate |
| 15 Months 15 days to 16 Months |
Less than Rs. 15 lakh |
9.60 |
Calculate |
| 3 years and above |
Less than Rs. 15 lakh |
8.75 |
Calculate |
a) For NRE Fixed Deposit - Less than Rs. 15 lakh (last revised on Dec 23, 2011)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 1 year to less than 2 years |
Less than Rs. 15 lakh |
9.00 |
Calculate |
| 15 Months 15 days to 16 Months |
Less than Rs. 15 lakh |
9.60 |
Calculate |
| 2 years to less than 3 years |
Less than Rs. 15 lakh |
9.00 |
Calculate |
| 3 years to 10 years |
Less than Rs. 15 lakh |
8.75 |
Calculate |
b) For NRE Fixed Deposit - Rs. 15 lakh to less than 1 cr (last revised on Jan 16, 2012)
| Maturity Period |
Deposit Amount |
INTEREST RATE (% p.a.) |
|
|
| 1 year to less than 2 years |
Rs. 15 lakh to less than 1 cr |
9.50 |
Calculate |
| 15 Months 15 days to 16 Months |
Rs. 15 lakh to less than 1 cr |
9.60 |
Calculate |
| 2 years to less than 3 years |
Rs. 15 lakh to less than 1 cr |
9.50 |
Calculate |
| 3 years to 10 years |
Rs. 15 lakh to less than 1 cr |
9.50 |
Calculate |
