Your deposit, explained.
What it grows to
Matches the receipt- Deposited₹8,00,000
- Interest₹1,88,060
- Myra's figure at maturity₹9,88,060
- On the receipt₹9,88,060
What you keep
Estimate- Interest earned₹1,88,060
- TDS deducted in FY 2025-26₹12,218
- Estimated tax at your 30% slab₹56,418
- Estimated interest kept₹1,31,642
- Yield a year, before tax7.29%
- About, after tax5.21%
An estimate at the slab you gave: your actual tax depends on your total income, deductions and tax regime. Interest is income in the year it's earned, even when it's only paid at maturity. TDS is an advance towards that tax, not the tax itself.
TDS · FY 2025-26
Interest certificate p.1, FY 2025-26- Interest from this bank in FY 2025-26, per the certificate₹61,090
- TDS applies above₹50,000
- Expected TDS₹6,109 at 10%
- Deducted, per the certificate₹12,218
Under that year's rules: the threshold counts all your deposits with the same bank together; without a PAN, TDS is 20%; if tax on your total income was nil, Form 15G (15H if 60 or older) asked for no TDS. From 1 Apr 2026, Form 121 replaces it. TDS isn't the final tax: it's credited against what you owe at your slab.
Deposit insurance
₹5,83,095 above the cover today- With this bank today, with interest so far₹10,83,095
- At this deposit's maturity₹11,38,060
- Includes your other money there, held the same way₹1,50,000
- Insured, at most₹5,00,000
Up to ₹5,00,000 per depositor per bank, principal and interest together, across all accounts held in the same right and capacity; branches of one bank count as one. Joint accounts are insured separately from accounts in your name alone. What counts is the balance on the day a bank is put under restrictions, so this is an estimate.