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Latest Fixed deposit Interest rate data on way2goals last Updated on May 18th, 2012 Assumptions: Rs. 100000 invested for 5 yearsfor General public (interest compounded quarterly).As can be seen from the table below, you can potentially earn Rs. 10491 more (the difference in maturity value for bank offering highest vs lowest interest rate). This table shows the best fixed deposit (Best FD)at the top. Please be aware of calculations provided in various advertisements of Banks/NBFCs showing pre tax benefits. These calculations only show half the story they show only the taxes saved, not taxes which one is upposed to pay on the interest earned. This table shows the best fixed deposit (Best FD) at the top. It can be utilized to increase your returns without increasing the risk. Your entire sum including Saving Bank balance, RD, FD upto a maximum of Rs 1 Lac is insured in each of the banks by DICGC. You can find below various tax exempt saving plans operating in India (Popularly known as Tax Saving Schemes, Tax Saving Deposits, Tax Savings Plans, Tax saver plans, Tax Saving account, Tax Benefit scheme). Note that the maximum deposit allowed per financial year in on F.Y. u/s 80c of the IT act. All investments in tax saving deposits have a lock in period of 5 years. The interest earned on these deposits is taxable. Saving in Tax Saving schemes has many benefits: 1) Tax saving 2) High assured returns 3) Security. The money saved in the Tax Saving Deposits is locked in for 5 year. It is not possible to take a loan on the same. There are other alternatives such as equity linked saving schemes (ELSS) mutual funds. ELSS investment has a lock-in period of three years. They do not assure any returns, their returns on the performance of the mutual fund. If the fund makes surplus, these funds typically give dividends, which currently is tax free as per Indian IT rules in the hands of the investor.
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Interest Rates Effective from September 14th, 2011 Interest Rates Effective from May 11th, 2012 Interest Rates Effective from May 7th,2012 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from March 22nd, 2012 Interest Rates Effective from May 2nd, 2012 Interest Rates Effective from April 28th, 2012 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from April 28th, 2012 Interest Rates Effective from February 20th, 2012 Interest Rates Effective from April 25th, 2012 Interest Rates Effective from April 25th, 2012 Interest Rates Effective from December 19th, 2011 Interest Rates Effective from May 14th, 2012 Interest Rates Effective from February 2nd, 2012 Interest Rates Effective from August 2nd, 2011 Interest Rates Effective from April 23rd, 2012 Interest Rates Effective from April 20th, 2012 Interest Rates Effective from September 23rd, 2011 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from January 9th, 2012 Interest Rates Effective from April 27th, 2012 Interest Rates Effective from August 2nd, 2011 Interest Rates Effective from May 17th, 2012 Interest Rates Effective from April 16th,2012 Interest Rates Effective from April 1st, 2012 Interest Rates Effective from April 28th, 2012 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from April 28th, 2012 State Bank of Bikaner and Jaipur Interest Rates Effective from December 23rd, 2011 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from April 24th, 2012 Interest Rates Effective from May 5th, 2012 Interest Rates Effective from April 19th, 2012 Interest Rates Effective from April 24th, 2012 Tamilnad Mercantile Bank Limited Interest Rates Effective from May 5th, 2012 The A.P. Mahesh co-op urban Bank Interest Rates Effective from July 7th, 2011 Interest Rates Effective from May 10th, 2012 Interest Rates Effective from April 27th, 2012 The Jammu and Kashmir Bank Limited Interest Rates Effective from December 23rd, 2011 Interest Rates Effective from May 15th, 2012 Interest Rates Effective from April 20th, 2012 Interest Rates Effective from October 7th, 2011 Interest Rates Effective from May 14th, 2012 Interest Rates Effective from January 21st, 2012 Interest Rates Effective from April 23rd, 2012 Vardhaman [Mahila] Urban co-op. Bank Interest Rates Effective from June 16th, 2011 Interest Rates Effective from May 1st, 2012 Interest Rates Effective from December 23rd, 2011 Maturity value of Rs 1 Lac for General publicMaturity value of Rs 1 Lac for seniorsTax saving schemes Tax saving schemes for general public Tax saving schemes for senior citizens
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