How much interest can a 5-year FD generate after tax?

A five-year bank fixed deposit (FD) offering 6.35% interest delivers an average return of just 4.60% after tax for investors in the 30% tax bracket, according to a FundsIndia report. ICICI Bank offers the highest rate at 6.60%, followed by HDFC Bank at 6.40%. PNB and SBI offer 6.35% and 6.05%, translating into post-tax returns of 4.60% and 4.38%, respectively.