Banks are expected to gain from the income tax incentives ... to keep funds in their savings accounts, those with a lower risk appetite might opt for recurring or fixed deposits.

Fixed deposits (FDs) continue to be a preferred choice for risk-averse investors, offering stability, predictable returns, and an additional tax-saving advantage under specific schemes.

Investors looking for last-minute savings tools to save income tax can opt for tax-saving bank fixed deposits, public provident funds, National Savings Certificate. Besides, contributions to ...