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Govt. collects Rs 27,000 crore as tax on FD interest
SBI researchers also estimate that out of all these deposit accounts, about 7.3 crore accounts have deposits of more than Rs 15 lakh. If we assume a 7
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Five risks associated with investing in fixed deposits
Interest rate risk comes in when you lock in at a lower interest for a 5-year tax saving FD.
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Small finance banks are offering minimum 7% interest to senior citizens on 3-year FDs
Small finance banks can undertake all basic banking activities including lending and taking deposits
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Should you opt for non-callable bank fixed deposits?
With a view to fix the asset-liability mismatch, the Reserve Bank of India introduced non-callable deposits in 2015
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Fixed deposits: Claim process in case of someone’s death, check details
The depositor is always asked to select a nominee who can claim the proceeds in the unfortunate event of the depositor's death
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For fixed investments of 5 years and above, check out these post office schemes
In mid-tenure instruments returns in post office instruments are, in some cases, more than 100 basis points higher than bank deposits of same tenure
