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These Rate of Interest are valid for deposits which are Issued or Renewed Requirements of PAN CARD for TDS Effective
From
01-04-2013. 9.50% 9.75% Note : (2) No. term deposit including recurring deposit will be accepted exceeding period of 5 year.
(3) Maximum : - In Case of Public - 9.00%
Maximum : - In Case of Senior Citizen - 9.50%
Maximum : - In Case of Super Senior Citizen - 10.00%
from this date 01-04-2013
Who is liable for deduction of Tax Deduction Source (TDS) on interest on deposit to furnish a copy of PAN card. If the PAN card is invalid or does not belong to the deductees, TDS is deducted @ 20% as per Income Tax Act 1961, ( w.e.f. 01/04/2010)
Sr. No.
Particulars
Rate of Interest
Revised
Public
Senior Citizen
Age >60 upto 75
Super Senior Citizen
Age 75 and Above
1
Fixed Deposit
> From 15 days to 45 days
6.00%
6.00%
6.00%
> From 46 days to 90 days
7.00%
7.00%
7.00%
> From 91 days to 180 days
7.50%
7.50%
7.50%
> From 181 days to 364 Days
8.00%
8.00%
8.00%
> Above 1 year up to
3
years
9.00%
9.50%
9.75%
> Above 3 year up to
5
years
8.75%
9.25%
9.50%
> Bank Term Deposit Scheme for 5 Years
(Exempt u/s
80(C) of IT)
9.00%
2
Single Term Deposit of Rs. 1/- Crore and above :
> From 15 days to 45 days
7.00%
7.00%
7.00%
> From 46 days to 180 days
7.50%
7.50%
7.50%
> From 181 days to less than 1 year
8.50%
8.50%
8.50%
> From 1 Year to 3 Year
9.00%
9.50%
10.00%
> Over 3 Years to 5 Years
8.50%
9.25%
9.75%
3
Savings
Deposit
> Savings Deposit
4.00%
4.00%
4
Recurring
Deposit
> 1 year up to
3 years
9.00%
9.50%
9.75%
>Over 3 year up to
5 years
8.75%
9.25%
9.50%
(1) All rates are subject to revision from time to time.
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