Corporation Bank FD Calculator

FD Calculator Corporation Bank in India Jun 2018

Tenure Rates Maturity Amount for Rs. 1 Lakh
7 days to 14 days 4.50% to 5.00% Rs. 100,086 - Rs.100,192
15 days to 45 days 4.50% to 5.00% Rs. 100,185 - Rs.100,616
46 days to 60 days 5.50% to 6.00% Rs. 100,693 - Rs.100,986
61 days to 90 days 5.50% to 6.00% Rs. 100,919 - Rs.101,479
91 days to 120 days 6.00% to 6.50% Rs. 101,496 - Rs.102,142
121 days to 180 days 6.00% to 6.50% Rs. 101,994 - Rs.103,231
181 days to 270 days 6.25% to 6.75% Rs. 103,123 - Rs.105,076
271 days to 364 days 6.25% to 6.75% Rs. 104,712 - Rs.106,903
365 days to 443 days 6.50% to 7.00% Rs. 106,660 - Rs.108,787
444 days 6.60% to 7.10% Rs. 108,289 - Rs.108,938
445 days to 554 days 6.50% to 7.00% Rs. 108,178 - Rs.111,107
555 days 6.70% to 7.20% Rs. 110,631 - Rs.111,461
556 days to 665 days 6.50% to 7.00% Rs. 110,320 - Rs.113,477
666 days 6.80% to 7.30% Rs. 113,092 - Rs.114,111
667 days to 10 years 6.50% to 7.00% Rs. 112,505 - Rs.200,160

Calculate FD Maturity Amount of All Banks in India

Corporation Bank FD Maturity Calculator
Rs.
%

Corporation Bank Fixed Deposit Calculator

Corporation Bank, a leading Public Sector Bank in India offers attractive interest rates upto 6.80% 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

Corporation Bank Fixed Deposit Interest Calculator

  • In a periodic interest payout option, Corporation 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 Corporation 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 Corporation

  • In case the interest earned by you across all your fixed deposits across all branches of Corporation Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Corporation Bank records, it must deduct twice the TDS at 20.6%. 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 Corporation 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).
  • Corporation 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.

Corporation Bank FD interest rate calculator – Check your city

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

Frequently Asked Questions on FD Calculator Corporation Bank

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

You can earn a maximum interest of 6.80% on Corporation Bank fixed deposit.

Are there any extra benefits for senior citizens on fixed deposit of Corporation Bank ?

Yes, senior citizens get extra benefit of 0.5% interest rates on their FD in Corporation Bank.

*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. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.