Bank FDs for tenure less than a year

For the FD term of less than a year and and an amount less than 1 crore, the highest interest rate of 7.25% is fetched by Ratnakar Bank Ltd. (RBL).

Bank FDs with a tenure of 1 year and less than 2 years

Bank FDs with a tenure of 1 year and less than 2 years

Bank FDs with a tenure upto 5 years

Bank FDs with a tenure upto 5 years

Taxation on bank FDs

Bank fixed deposits attract a Ta Deducted at Source (TDS) of 10 per cent, if the amount of interest in a financial year exceeds Rs 10,000. Therefore, it is important to know that if you are not in the taxable bracket, you can submit form 15g or form 15h. These forms are basically meant to tell the tax authorities and the bank that you do not have taxable income and hence you should not be subject to TDS.