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Fixed deposits or Recurring deposits : Which is better?
For a 5-year RD from India Post, the interest offered is 6.7%, which is lower than bank RDs. For FD, the interest ranges from 3% to 7.25% per annum.
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Two-year FDs: These banks are offering up to 6% rates
Fixed deposits: Interest earned on a bank FD is fully taxable. It has to be reported as ‘income from other sources’ while filing I-T return.
