Tuesday, Jan 25, 2022
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Fixed Deposits

Banks Propose For Lowering Of Tax-Free FD Tenure To 3 Years

Banks Propose For Lowering Of Tax-Free FD Tenure To 3 Years

17 January 2022

Currently, the tax break is available on 5-year tax-saving FD schemes. One can claim an income tax deduction by investing money in a five-year FD scheme under Section 80C of the Income Tax Act, 1961.

All You Need to Know About SBI's New Interest Rates On Fixed Deposits

All You Need to Know About SBI's New Interest Rates On Fixed Deposits

12 January 2022

SBI increases interest rates on fixed deposits of more than Rs 2 crore by 10 basis points; higher rates for senior citizens; new rates will be effective from...


All You Need To Know On How One Can Make The Best Use Of Fixed Deposits

Rs 5 lakh protection adds to the safety that fixed deposits (FDs) offer but avoid making a decision based solely on higher interest rates that some banks offer...

Planning To Invest In Fixed Deposits? Here Is What You Need To Know

Planning To Invest In Fixed Deposits? Here Is What You Need To Know

13 January 2022

While FD rates are going up, you should know a few things before deciding to invest in them, so that you can get maximum returns on them. The real returns on...


How Interest Income From Fixed Deposits And Savings Accounts Is Taxed

While individual taxpayers who are not senior citizens get a tax benefit up to Rs 10,000 under Section 80TTA of the Income-tax Act on interest income from...

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22 October 2021
Should You Invest In Corporate Fixed Deposits?

Should You Invest In Corporate Fixed Deposits?

Corporate FDs are offering higher returns than bank FDs, but they are also riskier.


20 October 2021
Your FD Real Returns May Have Turned Negative After RBI Slashes Inflation Projection By 40 Percentage Points

Your FD Real Returns May Have Turned Negative After RBI Slashes Inflation Projection By 40 Percentage Points

With FD rates at an all-time low, inflation and tax outgo will erode your investment. This may hit senior citizens the most.


11 January 2022
Received Covid Vaccine? Banks Offer You Higher Interest Rates On FDs

Received Covid Vaccine? Banks Offer You Higher Interest Rates On FDs

Some state-owned lenders have announced higher interest rates on deposits, though for a limited period, to encourage more COVID-19 vaccination.


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Opinion

Banks Propose For Lowering Of Tax-Free FD Tenure To 3 Years

Banks Propose For Lowering Of Tax-Free FD Tenure To 3 Years

Currently, the tax break is available on 5-year tax-saving FD schemes. One can claim an income tax deduction by investing money in a five-year FD scheme under Section 80C of the Income Tax Act, 1961.

17 January 2022
All You Need to Know About SBI's New Interest Rates On Fixed Deposits

All You Need to Know About SBI's New Interest Rates On Fixed Deposits

SBI increases interest rates on fixed deposits of more than Rs 2 crore by 10 basis points; higher rates for senior citizens; new rates will be effective from December 15, 2021.

12 January 2022
All You Need To Know On How One Can Make The Best Use Of Fixed Deposits

All You Need To Know On How One Can Make The Best Use Of Fixed Deposits

Rs 5 lakh protection adds to the safety that fixed deposits (FDs) offer but avoid making a decision based solely on higher interest rates that some banks offer

13 January 2022
Planning To Invest In Fixed Deposits? Here Is What You Need To Know

Planning To Invest In Fixed Deposits? Here Is What You Need To Know

While FD rates are going up, you should know a few things before deciding to invest in them, so that you can get maximum returns on them. The real returns on FDs are a lot less than the rate of interest.

13 January 2022
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