A monthly payout FD calculator helps estimate monthly interest earnings from fixed deposits based on principal, FD rates, and ...
Budget 2025-26 proposes tax changes to boost bank deposits by ₹40,000-45,000 crore, improving liquidity and credit growth.
Budget proposals could help banks mobilize an additional ₹45,000 crore in deposits in 2025-26, boosting liquidity and credit ...
Budget 2025 proposes raising the TDS threshold on interest earned from fixed deposits by non-senior citizens from Rs 40,000 to Rs 50,000 per annum, effective April 1, 2025. TDS is deducted by banks on ...
For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...
Customers who back their credit card with a fixed deposit will earn an interest rate of 7.25% on a 1-year FD, combining the ...
Summary: A 5-year tax-saving fixed deposit (FD) allows individuals to invest a lump sum for five years and claim tax deductions of up to ₹1.5 lakh under Section 80C of the Income Tax Act. These ...
Fixed Deposits (FDs) have always enjoyed a favored status among saving instruments. Capital safety and assured returns drive ...
Non-Resident External (NRE) fixed deposits offer an attractive investment option, allowing NRIs to safely deposit their foreign income in Indian banks and benefit from competitive interest rates.
Similarly, they recommend raising the deduction limit for senior citizens under section 80TTB, currently at Rs 50,000 (for fixed deposit interest), to Rs 1 lakh. Section 80TTA of the Income Tax ...
A fixed annuity offers a reliable income stream with a guaranteed interest rate. Learn how fixed annuities work, their ...
M Nagaraju, Secretary of the Department of Financial Services, said the Budget move is expected to bring an additional ...