Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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</span></span></code>
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-The Times of India
&lt;/div&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;em&gt;BANGALORE: &lt;/em&gt;Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
To make matters worse, depositors continue to be taxed on this nominal income.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
A study conducted by Ashish Das, professor, IIT Mumbai&#039;s department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
RBI&#039;s weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. 
&lt;/p&gt;&#039;,
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-The Times of India



BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.


To make matters worse, depositors continue to be taxed on this...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;em&gt;BANGALORE: &lt;/em&gt;Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;To make matters worse, depositors continue to be taxed on this nominal income.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;A study conducted by Ashish Das, professor, IIT Mumbai&#039;s department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;RBI&#039;s weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. &lt;/p&gt;&#039;,
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-The Times of India
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&lt;br /&gt;
&lt;em&gt;BANGALORE: &lt;/em&gt;Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.
&lt;/p&gt;
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To make matters worse, depositors continue to be taxed on this nominal income.
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Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
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A study conducted by Ashish Das, professor, IIT Mumbai&#039;s department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.
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The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.
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RBI&#039;s weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. 
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-The Times of India



BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.


To make matters worse, depositors continue to be taxed on this...&#039;
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-The Times of India



BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.


To make matters worse, depositors continue to be taxed on this..."/>
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                <strong>Fixed deposits earning you negative returns-Mayur Shetty</strong></h1>
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                <div align="justify">-The Times of India</div><p align="justify"><br /><em>BANGALORE: </em>Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.</p><p align="justify">To make matters worse, depositors continue to be taxed on this nominal income.</p><p align="justify">Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.</p><p align="justify">Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.</p><p align="justify">A study conducted by Ashish Das, professor, IIT Mumbai's department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.</p><p align="justify">The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.</p><p align="justify">RBI's weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. </p>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ee216f64527-trace').style.display = (document.getElementById('cakeErr67ee216f64527-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ee216f64527-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ee216f64527-code').style.display = (document.getElementById('cakeErr67ee216f64527-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ee216f64527-context').style.display = (document.getElementById('cakeErr67ee216f64527-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ee216f64527-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
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</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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-The Times of India
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&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
&lt;em&gt;BANGALORE: &lt;/em&gt;Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
To make matters worse, depositors continue to be taxed on this nominal income.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
&lt;/p&gt;
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Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
A study conducted by Ashish Das, professor, IIT Mumbai&#039;s department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
RBI&#039;s weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. 
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-The Times of India



BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.


To make matters worse, depositors continue to be taxed on this...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;&lt;em&gt;BANGALORE: &lt;/em&gt;Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;To make matters worse, depositors continue to be taxed on this nominal income.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;A study conducted by Ashish Das, professor, IIT Mumbai&#039;s department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;RBI&#039;s weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. &lt;/p&gt;&#039;,
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&lt;em&gt;BANGALORE: &lt;/em&gt;Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.
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To make matters worse, depositors continue to be taxed on this nominal income.
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Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
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A study conducted by Ashish Das, professor, IIT Mumbai&#039;s department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.
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The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.
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RBI&#039;s weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. 
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BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.


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-The Times of India



BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.


To make matters worse, depositors continue to be taxed on this..."/>
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                <strong>Fixed deposits earning you negative returns-Mayur Shetty</strong></h1>
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                <div align="justify">-The Times of India</div><p align="justify"><br /><em>BANGALORE: </em>Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.</p><p align="justify">To make matters worse, depositors continue to be taxed on this nominal income.</p><p align="justify">Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.</p><p align="justify">Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.</p><p align="justify">A study conducted by Ashish Das, professor, IIT Mumbai's department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.</p><p align="justify">The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.</p><p align="justify">RBI's weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. </p>               </font>
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</span></span></code>
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-The Times of India
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&lt;br /&gt;
&lt;em&gt;BANGALORE: &lt;/em&gt;Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.
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To make matters worse, depositors continue to be taxed on this nominal income.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
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Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.
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&lt;p align=&quot;justify&quot;&gt;
A study conducted by Ashish Das, professor, IIT Mumbai&#039;s department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.
&lt;/p&gt;
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RBI&#039;s weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. 
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To make matters worse, depositors continue to be taxed on this...&#039;,
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Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
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-The Times of India



BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.


To make matters worse, depositors continue to be taxed on this..."/>
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                <strong>Fixed deposits earning you negative returns-Mayur Shetty</strong></h1>
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                <div align="justify">-The Times of India</div><p align="justify"><br /><em>BANGALORE: </em>Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.</p><p align="justify">To make matters worse, depositors continue to be taxed on this nominal income.</p><p align="justify">Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.</p><p align="justify">Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.</p><p align="justify">A study conducted by Ashish Das, professor, IIT Mumbai's department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.</p><p align="justify">The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.</p><p align="justify">RBI's weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. </p>               </font>
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-The Times of India
</div>
<p align="justify">
<br />
<em>BANGALORE: </em>Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.
</p>
<p align="justify">
To make matters worse, depositors continue to be taxed on this nominal income.
</p>
<p align="justify">
Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
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Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.
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<p align="justify">
A study conducted by Ashish Das, professor, IIT Mumbai's department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.
</p>
<p align="justify">
The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.
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RBI's weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors. 
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<em>BANGALORE: </em>Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates.
</p>
<p align="justify">
To make matters worse, depositors continue to be taxed on this nominal income.
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Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS.
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Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS.
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A study conducted by Ashish Das, professor, IIT Mumbai's department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative.
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The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category.
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Fixed deposits earning you negative returns-Mayur Shetty

-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks to take into account deposits in one branch for the purpose of tax deduction at source-a rule which allowed depositors to break up FDs across branches to avoid TDS. Also, several private banks allowed customers to break up FDs and route them into multiple branches to avoid TDS. But after recent sting operations banks are getting tough and taking into account interest income from all branches for the purpose of TDS. A study conducted by Ashish Das, professor, IIT Mumbai's department of mathematics, shows that for most of the five years since 2008-09 real returns on bank fixed deposits have been negative. The lowest real return was -5 .4% in 2009-10 when consumer price index for industrial workers CPI-IW rose by 12.4% and the weighted average deposit rate on term deposits was 6.97%. The weighted average return takes into account the average cost of deposits for banks after factoring in the extent in each maturity basket. Although bankers offer the highest return on deposits of 3-years and above, bulk of bank deposits are around the one-year category. RBI's weighted average deposit rates are available only up to March 2011. However , given that long-term deposit rates have not crossed 10% and that most deposits are in the one-year basket, it can be safely assumed that the weighted average deposit rates are not above 8.5% for the last two years. The highest real return in recent years has been 2011-12 when the return after being adjusted for inflation stood at 0.2%. In 2001-02 , bank FDs had recorded a real return of 5.3% given that CPI rose by only 4.3% even as bank deposits yielded over 9.6%. According to Das, the tax on interest income on fixed deposits is unfair to investors.