Everyone is in search of the best Fixed Deposits. Questions like "which bank offers best interest rates?" keeps us in doubt .. always.
A nice solution comes from a website www.way2goals.com.
Take a look at http://www.way2goals.com/Project2/chooseBank.html . It offers excellent information on Fixed Deposits based on different parameters provided.
So if you want to invest Rs 1,00,000 for 3 yrs in any bank and you happen to belong to 30.9% tax bracket . It would filter out the the list of best Banks for you , that provide best returns, It would also enlighten you with final profit after tax deductions and what will be your gain after adjusting inflation. (obviously, based on your expectation of inflation percentage) .
Screenshot for the above figures. (click to enlarge)
So if you want to invest Rs 1,00,000 for 3 yrs in any bank and you happen to belong to 30.9% tax bracket . It would filter out the the list of best Banks for you , that provide best returns, It would also enlighten you with final profit after tax deductions and what will be your gain after adjusting inflation. (obviously, based on your expectation of inflation percentage) .
Screenshot for the above figures. (click to enlarge)
It gives tells you that the best Fixed Deposit will be from "Oriental Bank Of Commerce" which offers 7.75% interest . It gives other information like
- Maturity amount
- Interest Earned
- Interest After Tax
- Gain After Inflation
Note: Currently information on this website is updated two times in a week.
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