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

While regular FDs serve as a stable tool to park your money, tax-saving fixed deposits offer an added benefit: reducing your tax liability. What Is A Tax-Saving FD? Tax-saving FDs are fixed ...

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 ...

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.

With Finance Minister Nirmala Sitharaman set to present her eighth consecutive budget on Saturday, anticipation is growing among taxpayers who are keen to understand how the proposals will impact ...

Senior citizens can avail deductions on interest earned from savings, fixed, and recurring deposits under Section 80TTB, providing them with tax relief up to Rs 50,000. This deduction applies to ...

Image Source : PTI SBI latest FD rates for senior citizens: Fixed deposits or FDs offer guaranteed returns. SBI latest FD rates for senior citizens: State Bank of India (SBI) is the largest ...

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 ...

Finance Minister Nirmala Sitharaman’s eighth Union Budget 2025 focused on easing some financial worries of senior citizens.

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 ...

Some tax relief measures have been introduced in the budget for senior citizens, including an increased tax deduction limit ...