Banks are liable to deduct TDS at the rate of 10 per cent on the interest earned (based on FD interest rates) if the interest income for the year is more than Rs. Interest Rates for Domestic Term Deposits & NRO Deposits of more than Rs 10 Crores & Up to Rs 50 Crores (Fresh & Renewal)Īlthough, bank FDs are most popular savings instrument in India, you must know that interest earned from an fixed deposit is taxable. Maturity Periods - Premature Withdrawal Allowedĥ years and above upto and inclusive of 10 yearsīank of Baroda Fixed Deposit Rates:For Domestic & NRO Term Deposits (ROI in %) After the latest revision, HDFC Bank is offering a 2.50 interest rate on deposits between 7 days and 29 days, and 3 on deposits maturing in 30-90 days. Kotak Mahindra Bank Fixed Deposit Rates: Interest Rates for Domestic / NRO / NRE Fixed Deposits effective from 18th Aug 2017 (subject to change from time to time) Citizen)- 7.25(for 5 years) 7.25 ( for above 5years to 10 years) Staff member- 7.25 (for 5 years) 7.25 ( for above 5years to 10 years) Citizen (General)- 6.75 (for 5 years) 6.75 ( for above 5years to 10 years) Public (General)- 6.25 (for 5 years) 6.25 ( for above 5years to 10 years) Punjab National Bank Fixed Deposit Rates: HDFC Bank Fixed Deposit Rates:Domestic / NRO / NRE Term Deposits Rate of Interest (% p.a.) w.e.f July 19, 2017ĥ Years Tax saver FD(Max upto Rs.
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