With the RBI reducing the repo rate by 25 bps in the recent MPC meet, some banks may consider reducing their deposits rates, ...

Image Source : PIXABAY Choose the locking period of your FD wisely. Fixed deposits or FDs are generally ... Do not ignore tax: You must know that if the annual interest from your FD is more ...

For senior citizens who invest in fixed deposits, interest income earned by them beyond Rs 50,000 attracts TDS at 10% rate, ...

A rise in deposits is expected on the back of higher savings among senior ... The TDS (tax deducted at source) threshold for senior citizens' fixed deposit interest income raised from Rs 50,000 ...

Households with £3,500 or more in savings are being warned they could face an unexpected tax bill from His Majesty’s Revenue and Customs (HMRC). HMRC is able to automatically detect interest on ...

Savers earn a competitive 4.75% AER on their deposit ... still be a tax-efficient option for people with high levels of savings. Cash ISAs can be easy access, notice accounts or fixed.

Tax breaks introduced in budget 2025 have reduced the tax advantages of equity investments for small and medium investors, ...

The National Savings ... and fixed deposits, along with quarterly interest payouts to support retirees. Additionally, schemes like the Public Provident Fund (PPF) and National Savings Certificate (NSC ...

However, ISAs can still be a tax-efficient option for people with high levels of savings. Cash ISAs can be easy access, notice or fixed. Regular savings accounts require savers to deposit money ...

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher ...

Under this program, the bank has introduced a dedicated feature on its Mobile Banking app called ‘Senior Citizen Specials’.

Higher-rate interest rates have driven Cash ISA popularity to new highs, with savers depositing a record £49.8billion in 2024 ...