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
Prefilled from your deposit · edit freely
Maturity & real return
Prefilled from Deposit receipt p.1, Deposit · Deposit receipt p.1, Rate · Deposit receipt p.1, Maturity
₹8,00,000
7.10%
3 yrs
30%
5%
At maturity
₹9,88,060₹1,88,060 interest on ₹8,00,000
Yield a year, after tax
5.20%7.28% before tax · 0.19% after inflation
Assumptions & limits. 7.10% a year, compounded quarterly on whole periods, with simple interest on any days left over (the usual Indian bank method). Tax at 30% is on the interest; it's due every year as the interest is earned, even on a cumulative deposit. Inflation at 5% a year is an assumption, not a forecast.