Enjoy a highest interest income for the 6 month and 1 year fixed deposits from Pan Asia Bank. Pan Asia Bank offers 12.25 % for one year fixed deposits at Maturity and 12% interest rate for 6 month fixed deposits at maturity.
All the Interest income will be liable to Withholding tax of 5% so effective interest rate would be .
Assume made Fixed Deposits of 100,000/- for 1 Year.
Interest Income for 1 year: 12,250/-
Withholding Tax: Rs. 612.50
Net Interest Income: Rs. 11,637.50/-
Net Interest Rate: 11.6375%
Assume made Fixed Deposits of 100,000/- for 6 Month.
Interest Income for 6 Month: 6,000/-
Withholding Tax: Rs. 300/-
Net Interest Income: Rs. 5,700/-
Net Interest Rate: 11.40%
for more details, contact to Pan Asia Bank on 0114 667 222 or see below image