Post - Tax Returns: 9% Deposit Would Fetch About 6.3% Return..

A recent release by the RBI (Reserve Bank of India) had placed bank deposits held by individuals at a whopping Rs. 33 lakh crore as of March 2013. That is close to one half of the total deposits lying with banks.

Of this, a good 36.5.% is held in savings bank account. 56.7.% in term deposits and rest in current account.


Did you know your post-tax returns in deposits themselves are unattractive for you?

And the ‘negative’ return could be worse if you considered taxes?


A quick calculation will tell you a 9 % deposit would only fetch you  about 6.3 % return if you were in the 30 % tax bracket.
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