A 6.5 percent FD, after tax and inflation,
pays about half a percent.
0.6%
What a 6.5 percent fixed deposit actually earns a top-slab saver once tax and today's inflation are paid. The sticker rate is nominal. This is what the money grew in what it can buy.
The rate on the poster is the loudest number in personal finance and the least honest. Two quiet subtractions sit between it and your purchasing power. Nobody prints those.