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 by banks as the maturity amount is transferred directly to the bank accounts. These Fixed Deposits can also be opened ‘individually’ as well as ‘jointly’ but the tax deduction in the case of joint Fixed Deposits can be only granted to the Primary Investor.

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

Fixed Deposits: Safe investment or risky gamble? What you need to understand
1 week, 4 days ago

Fixed Deposits: Safe investment or risky gamble? What you need to understand

Live Mint  

Traditionally fixed deposits have been one of the most favourite and comfortable investment options for a large segment of Indians. Though other investment avenues like mutual funds and direct equities are gradually gaining importance, close to 15% of household savings still go into fixed deposits. If there is a senior citizen completely dependent on the interest income from fixed deposits …

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 …

The Role of Fixed Deposits for Stability, Security, and Guaranteed Returns
7 months, 2 weeks ago

The Role of Fixed Deposits for Stability, Security, and Guaranteed Returns

The Quint  

As an investor, you seek a gamut of investment avenues to secure your future in the unpredictable financial landscape today. Among various investment options available, fixed deposits stand out as a reliable and time-tested instrument for building financial stability and security since they are independent of market fluctuations. With renowned FDs like IDFC FIRST Bank fixed deposits, you earn higher …

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, …

How to save tax on fixed deposit interest? Here are 6 ways
1 year, 3 months ago

How to save tax on fixed deposit interest? Here are 6 ways

Live Mint  

FDs are a popular saving option, but they are not tax-efficient. However, a few ways can help you save tax on interest income from FDs. Submit Form 15G/15H Did you know you don’t have to pay TDS on your interest income if your total income falls under the taxable limit? So, you can book your FDs in such a way …

Is Income On Fixed Deposits Taxable In India?
1 year, 10 months ago

Is Income On Fixed Deposits Taxable In India?

News 18  

It is said that India’s tax system is complicated as it keeps on changing to meet the changing times and economic situation of the country. Do you know in India if the interests of the FD exceed Rs 40,000 and you are not a senior citizen, then you are liable to pay tax on FDs as well? Banks deduct TDS …

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 …

What are tax-saving fixed deposits?
2 years, 5 months ago

What are tax-saving fixed deposits?

Live Mint  

Each investment decision primarily revolves around two key factors: rate of returns and level of risk. The interest income on fixed deposits is taxable, however, as an investor, you can seek tax exemption under section 80C equivalent to the amount deposited in an FD. Tax saving fixed deposits are a savings instrument that not only offer fixed returns, but also …

Tax Saving FD for Senior Citizens: 10 banks Offer Highest Interest Rates; Check List
2 years, 7 months ago

Tax Saving FD for Senior Citizens: 10 banks Offer Highest Interest Rates; Check List

News 18  

Tax Saving Fixed Deposit: Fixed deposit schemes at banks or the post office act as a sustainable means for those investors with lower risk taking appetite. Tax saving FD are offered by all banks, and come with a fixed rate of interest, while allowing consumers to save on income tax. The interest earned from fixed deposit will only attract Tax …

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 …

PF, ULIP, Fixed Deposits: Top Tax-Saving Investment Options Decoded for You
2 years, 11 months ago

PF, ULIP, Fixed Deposits: Top Tax-Saving Investment Options Decoded for You

News 18  

Tax Saving Schemes: Saving taxes is one of the major interest for taxpayers across the world, as much of an individual’s earnings are spent on clearing duties and excises. Section 80C of Income Tax Act The Section 80C of the Income Tax Act is one of the most popular options to save taxes for individuals and HUFs in India. Here …

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 …

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