MoneyLens / Deposits
Your deposit, explained.
Fixed deposit · Tapti Fixed Deposit · Tapti Bank Ltd · ••••4417
Illustrative
Fixed deposit · Bank
Receipt14 Aug
At maturity
₹9,88,060
on 14 Aug 2027
Deposited
₹8,00,000
at 7.10% a year
Yield after tax
5.21%
estimate at a 30% slab
Insured today
₹5,00,000
₹5,83,095 above the cover
73% of the term run297 days to maturity
A fixed deposit of ₹8,00,000 with Tapti Bank Ltd at 7.10% a year, growing to about ₹9,88,060 by 14 Aug 2027. Bank deposits are insured up to ₹5,00,000 per bank. Interest is taxed at your slab every year it's earned.
Myra's most important observations
What Myra found for you
From your documents · each figure opens its findingYou may be owed
Up to ₹6,109
If the bank agrees, or through your tax return; each is separate
At risk
If it happens: scenarios, not added together
Six questions, answered
Tap an answer for the detail01Product identity
- ProductTapti Fixed Deposit
- Taken byTapti Bank Ltd (bank)
- Deposited14 Aug 2024
- Matures14 Aug 2027
- Deposit••••4417
- DocumentsDeposit advice · Interest certificate · FY 2025-26
02What this is
A fixed deposit of ₹8,00,000 with Tapti Bank Ltd at 7.10% a year, growing to about ₹9,88,060 by 14 Aug 2027. Bank deposits are insured up to ₹5,00,000 per bank. Interest is taxed at your slab every year it's earned.
03Key numbers
Deposit runningDeposit
₹8,00,000
Fixed deposit
Rate a year
7.10%
Compounded quarterly
At maturity
₹9,88,060
14 Aug 2027
Yield a year
7.29%
about 5.21% after tax (est.)
Insured
₹5,00,000
of ₹10,83,095 today
04Important findings
Most important first · tap to expand₹8,00,000 at 7.10% a year for 1095 days, compounded quarterly on whole periods, simple interest on the days left over. Banks count days and round slightly differently; Myra checked the common methods (5 ways).
Deposit receipt p.1, Maturity · Deposit receipt p.1, Deposit · Deposit receipt p.1, Rate · Deposit receipt p.1, Dates
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- ₹8,00,000 locked in until 14 Aug 2027
- Interest is taxed at your slab every year, even if paid only at maturity
- About ₹6,109 TDS a year
06What can change
- RateFixed for the deposit's term; a renewal gets the rate on that day
- InsuranceUp to ₹5,00,000 per bank, per depositor
- TaxAt your slab; TDS thresholds and forms are set each year
07Closing the deposit
- Breaking it earlyRate for the time held, less 1%
- At maturityRenews with the interest
- NomineeRegistered