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  • Effective Annualized Rate of Return of Resident Deposit Plus 01-09-2023

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    Arun sharma
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    This document provides the annualized interest rates and yields for fixed deposits with amounts less than 200 lakhs Indian rupees at a bank, for both regular residents and senior citizen residents. The rates vary based on the duration of the fixed deposit, from 1 year to 5 years, with senior citizens receiving higher rates. Annualized yields are also shown to provide the actual annual return rate accounting for compound interest.

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    Effective annualized rate of return of Resident deposit plus 01-09-2023

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    This document provides the annualized interest rates and yields for fixed deposits with amounts less than 200 lakhs Indian rupees at a bank, for both regular residents and senior citizen residents. The rates vary based on the duration of the fixed deposit, from 1 year to 5 years, with senior citizens receiving higher rates. Annualized yields are also shown to provide the actual annual return rate accounting for compound interest.

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    © All Rights Reserved
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    12 views1 page

    Effective Annualized Rate of Return of Resident Deposit Plus 01-09-2023

    Uploaded by

    Arun sharma
    This document provides the annualized interest rates and yields for fixed deposits with amounts less than 200 lakhs Indian rupees at a bank, for both regular residents and senior citizen residents. The rates vary based on the duration of the fixed deposit, from 1 year to 5 years, with senior citizens receiving higher rates. Annualized yields are also shown to provide the actual annual return rate accounting for compound interest.

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    © All Rights Reserved
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    of 1

    Effective Annualized Rate of Return For single deposits of less than ₹200 Lakhs-

    Deposit Plus (Resident)

    Residents Resident Senior Citizens**

    Rate of interest Annualized Rate of interest Annualized


    Period
    p.a Yield* p.a Yield*
    1 Year 7.05% 7.24% 7.55% 7.77%
    13 Months 7.55% 7.79% 8.05% 8.32%
    21 Months 7.55% 7.99% 8.05% 8.55%
    2 Years 7.00% 7.44% 7.50% 8.01%
    3 Years 6.85% 7.53% 7.35% 8.14%
    4 Years 6.85% 7.80% 7.50% 8.65%
    5 years 6.85% 8.09% 7.50% 9.00%

    * Rates are indicative in nature.


    ** Not applicable to NRO TD

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