Beating inflation in your golden years
I am sure most of you have seen 'Baghban' movie. Everyone sympthizes with the retired couple and their torment in the film. The movie is a classic example of how one should not approach their so called "golden years" or retirement period......
Tax Saving Schemes for Senior Citizens
|Fixed deposit interest rate information updated on March 7th, 2014.||Tax saving schemes for General Public|
Now finding best fds (highest paying fixed deposits) is simple. Enter the amount you want to save Select the duration you will see the highest paying FD listed on the top of the table.
|Bank||Duration||Rate(%)||Savings||Maturity||Post Tax||Post Tax&Inflation|
|Development Credit Bank Ltd.||24 months to36 months||9.60||100000||132922||132922||117160|
|City Union Bank||above 2 years to 5 years||9.25||100000||131566||131566||115803|
|Karnataka Bank||Above 2 years to 3 years||9.25||100000||131566||131566||115803|
|Tamilnad Mercantile Bank Limited||Above 2 years less than 5 years||9.25||100000||131566||131566||115803|
|Bank of Maharashtra||3 YEARS Mahalaximi||9.15||100000||131180||131180||115418|
|Bank of Baroda||1 year and above up to 6 years 3 months||9.10||100000||130988||130988||115226|
|Allahabad Bank||3 years to less than 5 years||9.05||100000||130796||130796||115034|
|Canara Bank||3 YEARS and above to less than 5 years||9.05||100000||130796||130796||115034|
|Bank of India||3 YEARS to less than 5 years||9.05||100000||130796||130796||115034|
|Indian Overseas Bank||2 Years to 3 Years||9.00||100000||130604||130604||114842|
You can easily find out the best fd for amount, duration (All Banks, PSU Banks, Private Banks, Post Office and foreign Banks ) by changing values in the form above and hitting enter. Total number of FDs offered by different Banks for 3 years are 50. Your Saving of Rs.1 lakh in the highest interest rate at 9.60 % P.A. has a Maturity value of Rs 132922. The same at Lowest interest rate of 6.15 % P.A has maturity Value of Rs. 120092. As you can see a small difference in interest rate of 3.45 % Per Annum over 3 years can lead upto a difference of Rupees 12830 in maturity values. To Make it easy for you to choose the best fixed deposit we are showing the highest interest paying fixed deposits at the top. Earn more on your savings without increasing the risk.