Budget 2025: Banks propose tax Incentives for fixed deposits to boost savings
6 days, 23 hours ago

Budget 2025: Banks propose tax Incentives for fixed deposits to boost savings

India TV News  

Financial institutions, particularly banks, have recommended tax incentives for fixed deposits as part of efforts to promote savings ahead of the Union Budget 2025. Banks call for tax breaks on fixed deposits In the meeting, bank representatives urged the government to consider linking fixed deposits with long-term capital gains tax to incentivise savings. Key areas for budget 2025 The discussions of the pre-Budget meeting have highlighted tax incentives for savers, improved green financing support, and more operational ease for NBFCs. As the countdown to Budget 2025 continues, the financial sector eagerly awaits the government’s response to these suggestions, hoping for policies that foster growth, savings, and a more inclusive financial ecosystem.

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History of this topic

Latest interest for public, private & small finance banks
Trending News
3 days, 22 hours ago

Latest interest for public, private & small finance banks

Live Mint  

Fixed deposits offer a reliable, consistent long-term investment return, making it a preferred choice among conservative investors. A fixed deposit provides higher interest rates than a savings account, making it an attractive option for conservative investors. Check out the high FD rates offered by small finance, private and public banks. The highest rate on fixed deposits is offered by Unity …

Good news for FD investors: Finance Minister Nirmala Sitharaman likely to make major announcements in Budget
6 days, 2 hours ago

Good news for FD investors: Finance Minister Nirmala Sitharaman likely to make major announcements in Budget

India TV News  

Fixed deposit investors may soon have a reason to celebrate as Finance Minister Nirmala Sitharaman makes an important announcement in the upcoming Union Budget for FY 2025-26. Expected announcements in the budget Tax exemptions for FDs : Tax relief on income generated from fixed deposits and shorter lock-in periods for tax-saving FDs. Funds for MSMEs and green initiatives : Specific …

Budget 2025: Key proposals for FDs, and long-term savings
6 days, 13 hours ago

Budget 2025: Key proposals for FDs, and long-term savings

India Today  

As the Union Budget 2025 approaches, expectations rise for measures that can stimulate middle-class savings and rejuvenate the banking sector. Finance Minister Nirmala Sitharaman recently met with representatives from the financial sector to deliberate on tax incentives for fixed deposits, amongst other investment tools. TAX RELIEF FOR FIXED DEPOSITS Representatives from banks and capital markets proposed treating FD interest as …

RBI’s New Year Gift: 6 things you need to know about the new NBFC fixed deposit (FD) rules. Details here
1 week, 2 days ago

RBI’s New Year Gift: 6 things you need to know about the new NBFC fixed deposit (FD) rules. Details here

Live Mint  

RBI's New Year Gift: Starting January 1, 2025, the banking sector will see changes, including new Reserve Bank of India guidelines for fixed deposits offered by Non-Banking Financial Companies and Housing Finance Companies. RBI's new fixed deposit guidelines for NBFCs and HFCs: Key changes from 1 January 2025 1)Small deposits may be paid to depositors ahead of schedule if the …

Are fixed deposits still the best bet for Indian investors?
1 week, 4 days ago

Are fixed deposits still the best bet for Indian investors?

India Today  

Fixed deposits have long been a preferred investment option for Indians, offering a sense of security, especially with public sector banks. FDs with PSU banks are considered the safest, followed by private scheduled banks and small finance banks, which offer higher interest rates but carry greater risks. RETURNS THAT BARELY KEEP UP While FDs provide fixed interest rates, their real …

Senior citizen fixed deposits: List of banks that offer best interest rate in November 2024
1 month, 3 weeks ago

Senior citizen fixed deposits: List of banks that offer best interest rate in November 2024

India TV News  

Fixed Deposits have always been a trusted investment option for senior citizens as these FDs offer good returns with high security. Senior Citizen FDs also offer higher interest rates and additional benefits, making them a popular choice among retirees. Senior Citizen FDs: Check details Banks and NBFCs are offering Senior Citizen Fixed Deposits exclusively for individuals aged 60 and above. …

Top NBFCs Offering High Interest Rates on FDs During Festive Season
2 months, 1 week ago

Top NBFCs Offering High Interest Rates on FDs During Festive Season

India TV News  

A list of Non-Banking Financial Companies (NBFCs) offering high interest rates on fixed deposits during the festive season has been compiled. The interest rates range from 7.00% to 8.18%, with some NBFCs offering additional benefits to senior citizens such as an additional 0.25% interest rate. The article highlights that the interest rates offered by NBFCs are higher than those offered …

NBFCs Outpace Banks With 21% Deposit Growth In FY24
3 months, 3 weeks ago

NBFCs Outpace Banks With 21% Deposit Growth In FY24

ABP News  

Non-bank lenders have increased their deposit base by 21 per cent in FY24, in contrast to the more modest 13.5 per cent rise experienced by banks, according to data from the Reserve Bank of India. The RBI's Handbook of Statistics on the Indian Economy reveals that the total public deposits held by NBFCs reached Rs 1.03 lakh crore by the …

FD interest rate up to 9.5%: These banks offer over 9% interest rate on fixed deposits for senior citizens
8 months, 3 weeks ago

FD interest rate up to 9.5%: These banks offer over 9% interest rate on fixed deposits for senior citizens

Hindustan Times  

Planning and investing money rationally is very important, especially in old age. ACCORDING TO THE PAISABAZAAR DATA, HERE IS THE LIST OF BANKS OFFERING FD INTEREST RATES FOR SENIOR CITIZENS: Axis Bank is offering an interest of 7.85% for the tenure of 17 months to less than 18 months, 7.2% for 1st year tenure, 7.6% for 2nd year tenure and …

How Fixed Deposits Can Boost Your Savings
1 year ago

How Fixed Deposits Can Boost Your Savings

ABP News  

Fixed Deposits are a safe and secure investment option that can help you grow your savings at an inflation beating pace. Bajaj Finance Fixed Deposit Bajaj Finance fixed deposits offer attractive interest rates that can help you grow savings at a fast pace. Bajaj Finance fixed deposits also come with a range of features such as an easy-to-use online platform, …

High bank fixed deposit (FD) interest rates may not last for long. Here is why
1 year, 6 months ago

High bank fixed deposit (FD) interest rates may not last for long. Here is why

Live Mint  

The era of rising fixed deposit rates may be drawing to a close, and the withdrawal of ₹2000 currency notes from circulation is believed to be a significant factor. Various macroeconomic indicators suggest that FD interest rates are approaching their peak in the current cycle of interest rate hikes. “If the financial sector receives an excess of liquidity during the …

Time to rejig your fixed deposit (FD) investment. What experts say
1 year, 9 months ago

Time to rejig your fixed deposit (FD) investment. What experts say

Live Mint  

The Reserve Bank of India has decided to halt interest rate hikes, signaling that the interest rate cycle may have reached its peak. Amit Gupta, MD, SAG Infotech said that for fixed-income investors, who were struggling with historically low interest rates only a year ago, are now looking forward to the advantages of previous significant increases in the repo rate, …

Debt Mutual Funds Not Fixed Deposit, Has Underlying Risks. Hence, It Requires Tax Benefits Like Equity
1 year, 9 months ago

Debt Mutual Funds Not Fixed Deposit, Has Underlying Risks. Hence, It Requires Tax Benefits Like Equity

ABP News  

In a surprising move, debt mutual fund taxation laws were changed abruptly as the Narendra Modi government amended the Finance Bill 2023. Currently, any capital gain on redemption of a debt fund held for three years or longer is treated as long-term capital gain and is taxed at a flat 20 percent with indexation benefit. Any capital gain on redemption …

Good news for bank fixed depositors! RBI hints at further FD interest rate hike
1 year, 9 months ago

Good news for bank fixed depositors! RBI hints at further FD interest rate hike

Live Mint  

The Reserve Bank of India, in its monthly bulletin released on Tuesday, said the intensifying competition among banks to expand their deposit base may force banks to increase fixed deposit rates. After 250 basis points repo rate hike by the central bank in May 2022, banks have been in a race to increase deposit rates. The central bank bulletin said …

Fixed deposit rates of banks touch 8 per cent after 3 years
2 years ago

Fixed deposit rates of banks touch 8 per cent after 3 years

India TV News  

For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. "Breaking an existing FD may be beneficial to some customers who have invested in FD that don't carry a penalty for premature withdrawal," said Gaurav Gupta, founder, and CEO of lending platform Money Wide, reports TOI. Since India's …

These 2 govt banks offer 7% interest rate on fixed deposits (FDs)
2 years, 2 months ago

These 2 govt banks offer 7% interest rate on fixed deposits (FDs)

Live Mint  

After four consecutive repo rate hikes by the Reserve Bank of India, several banks have raised interest rates on fixed deposits. The State Bank of India HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank are among those lenders that have hiked interest on term deposits recently. Union Bank of India latest FD rates Union Bank of India is one …

Bank FDs: Axis Bank, HDFC Bank, Kotak Mahindra Hike FD Interest Rates; Know Details
2 years, 8 months ago

Bank FDs: Axis Bank, HDFC Bank, Kotak Mahindra Hike FD Interest Rates; Know Details

News 18  

Bank Fixed Deposits: Several banks, in both private and public sectors, have been hiking their fixed deposit interest rates for quite some time now. Recently, private sector banks, including HDFC Bank, Axis Bank and Kotak Mahindra Bank have hiked their interest rates on fixed deposits of various tenures and across different amounts of deposits. Here, we list some of the …

Tax Saving Fixed Deposits
2 years, 10 months ago

Tax Saving Fixed Deposits

Live Mint  

Tax Saving Fixed Deposits, as the name suggests, is the scheme that allows investors to avail tax deductions under section 80C of the Income Tax Act, 1961. The investment option is granted by banks and Non-Banking Financial Companies where the investor can invest with low-risk and fixed interest rates. The Tax Saving Fixed Deposits is similar to Fixed Deposits offered …

Fixed Deposit: How it Works, Key Features, Tax Benefits; How to Choose the Right Bank FD
2 years, 11 months ago

Fixed Deposit: How it Works, Key Features, Tax Benefits; How to Choose the Right Bank FD

News 18  

Touted as one of the safest investment options, fixed deposits is an instrument to grow a lump sum at a fixed interest rate over a fixed time. It must be noted that senior citizens are eligible for additional rates, usually 0.25 per cent to 0.65 per cent more than existing rate on fixed deposits. Features and Benefits of Fixed Deposits …

How to Apply for a Loan Against Fixed Deposits
3 years, 11 months ago

How to Apply for a Loan Against Fixed Deposits

News 18  

Are you considering premature withdrawal of your fixed deposits to meet emergency fund requirements? An individual can apply for a loan against fixed deposits that will enable him/her to fund the financial requirements easily without having to hamper your investments. Among many benefits of taking a loan on your fixed deposits is that one can avail a loan up to …

List of banks with best Fixed Deposits interest rates 2021: Check details here
3 years, 11 months ago

List of banks with best Fixed Deposits interest rates 2021: Check details here

India Today  

Fixed deposit is a financial investment instrument offered by banks and NBFCs wherein investors can deposit money and get a high rate of interest than a normal savings account. Senior Citizen Fixed Deposits are term deposit plans with special interest rates offered by leading banks to individuals who are over the age of 60. The senior citizen fixed deposit accounts …

FD Interest Rates: Aiming For a Fixed Deposit Income? Compare Interest Rates Of Top Banks Here
4 years, 3 months ago

FD Interest Rates: Aiming For a Fixed Deposit Income? Compare Interest Rates Of Top Banks Here

ABP News  

Maturity Period Public Senior citizen Seven days to 45 days 2.9% 3.4% 46 days to 179 days 3.9% 4.4% 180 days to 210 days 4.4% 4.9% 211 days to less than one year 4.4% 4.9% One year to less than two years 4.9% 5.4% Two years to less than three years 5.1% 5.6% Three years to less than five years …

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand
4 years, 11 months ago

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand

Live Mint  

Non-banking finance companies play an important role in providing credit access to businesses and individuals across the spectrum. The increase in the ₹2 lakh tax rebate on housing loan interest rates under Section 24 of the Income Tax Act, will encourage demand for housing, especially in the affordable and mid-segment categories. Allow strong NBFCs/ HFCs to access public deposits: Large …

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