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Fixed Deposits
A Fixed Deposit is a safe investment through which you can earn interest income. Fixed Deposits promise guaranteed returns and involve no risk of loss of principal amount. Returns on Fixed Deposits are unaffected by market fluctuations. All interest gains from Fixed Deposits are taxable by law.
Fixed deposits slab as per tenure and rate of interest
Time of period | Genral plan | Senior citizen |
7 to 45 Days | 4.5% | 4.5% |
46 to 90 Days | 5.5% | 5.5% |
91 to 180 Days | 6.5% | 6.5% |
181 to 270 Days | 7.5% | 7.5% |
271 To 364 Days | 8.5% | 8.5% |
361 Days to 480 Days | 10% | 10% |