Your deposit, explained.

Fixed deposit · Kaveri Cumulative Deposit · Kaveri Finance Ltd · ••••3092

Illustrative

Fixed deposit · NBFC

Receipt1 Jan

At maturity

₹3,86,106

on 1 Jan 2029

Deposited

₹3,00,000

at 8.50% a year

Yield after tax

7.13%

estimate at a 20% slab

Rating

CRISIL AA

as on 20 Nov 2025 · not insured

27% of the term run803 days to maturity

A fixed deposit of ₹3,00,000 with Kaveri Finance Ltd at 8.50% a year, growing to about ₹3,86,106 by 1 Jan 2029. NBFC deposits aren't insured; the rating is the main public signal of safety, not a guarantee. Interest is taxed at your slab every year it's earned.

Myra's most important observations

What it grows to

Matches the receipt

Deposited₹3,00,000
Interest₹86,106
Myra's figure at maturity₹3,86,106
On the receipt₹3,86,106

What you keep

Estimate

Interest earned₹86,106
TDS expected a year₹2,550
Estimated tax at your 20% slab₹17,221
Estimated interest kept₹68,884
Yield a year, before tax8.77%
About, after tax7.13%

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 2026-27

Calculated by Myra

Interest from this company in a year, estimated₹25,500
TDS applies above₹10,000
Expected TDS₹2,550 at 10%

Under that year's rules: the threshold counts all your deposits with the same company together; without a PAN, TDS is 20%; if tax on your total income was nil, Form 121 asked for no TDS. TDS isn't the final tax: it's credited against what you owe at your slab.

Safety of this deposit

Not insured

Deposit insuranceNone for NBFC deposits
Credit ratingCRISIL AA · 20 Nov 2025
RBI's minimum to take depositsBBB-
Highest rate allowed12.50%

If the company fails, depositors are unsecured creditors. A rating is an agency's opinion, not a guarantee, and can change; a company rated below BBB- can't take or renew deposits. A receipt alone doesn't show the company may take deposits: check RBI's list of NBFCs allowed to accept public deposits.