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Allahabad Bank FD Calculator

FD Calculator Allahabad Bank in India Dec 2019

Tenure Rates Maturity Amount for Rs. 1 Lakh
7 days to 14 days 4.95% to 4.95% Rs. 100,095 - Rs.100,190
15 days to 29 days 4.95% to 4.95% Rs. 100,203 - Rs.100,393
30 days to 45 days 5.20% to 5.20% Rs. 100,427 - Rs.100,641
46 days to 60 days 5.45% to 5.45% Rs. 100,687 - Rs.100,896
61 days to 90 days 5.95% to 5.95% Rs. 100,994 - Rs.101,467
91 days to 179 days 6.20% to 6.20% Rs. 101,546 - Rs.103,063
180 days to 269 days 6.45% to 6.45% Rs. 103,206 - Rs.104,829
270 days to 364 days 6.45% to 6.45% Rs. 104,847 - Rs.106,589
1 year to 1 year 11 months 29 days 6.50% to 6.50% Rs. 106,660 - Rs.113,738
2 years to 2 years 11 months 29 days 6.35% to 6.35% Rs. 113,428 - Rs.120,777
3 years to 4 years 11 months 29 days 6.25% to 6.25% Rs. 120,448 - Rs.136,326
5 years to 10 years 6.25% to 6.25% Rs. 136,354 - Rs.185,924

Calculate FD Maturity Amount of All Banks in India

Allahabad Bank FD Maturity Calculator
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Allahabad Bank Fixed Deposit Calculator

Allahabad Bank, a leading Public Sector Bank in India offers attractive interest rates upto 6.50% on its fixed deposits.
FD maturity amount that you will get depends upon

  • Deposit amount
  • Rate of interest
  • FD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

Allahabad Bank Fixed Deposit Interest Calculator

  • In a periodic interest payout option, Allahabad Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Allahabad Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Tax on Fixed Deposit Allahabad Bank

  • In case the interest earned by you across all your fixed deposits across all branches of Allahabad Bank in a year exceeds 40,000, the bank must deduct TDS at 10%. In case your IT PAN is not updated in the Allahabad Bank records, it must deduct twice the TDS at 20%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your Allahabad Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Allahabad Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Allahabad Bank FD Interest Rate Calculator

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Allahabad Bank in your city

Frequently Asked Questions on FD Calculator Allahabad Bank

What is the highest interest earned on Allahabad Bank fixed deposit?

You can earn a maximum interest of 6.25% on Allahabad Bank fixed deposit.

How is Allahabad Bank FD interest calculated?

The formula to calculate interest on Allahabad Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.

Allahabad Bank News - Dec 2019
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Earn upto 8.70% Return