FDs by NBFCs offer higher interest rates than banks or post offices
Tax-saving FDs come with a lock-in period of 5 years and more
The interest earned on a FD is fully taxable. It is considered a part of total income and taxed as per the applicable tax slabs
Amit Kukreja, founder, Amitkukreja.com, told Money9 that people can opt for a zero default product called RBI Floating Rate Bonds
To cover the shortage of funds, banks offer two kinds of facilities to salaried individuals- Overdraft Facility on your Fixed Deposit or Personal Loan
Sometimes, your insurer may take a long time to settle the bills or might not pay for a few services that are not provided in your policy
If you are an individual FD account holder or a joint FD account holder, you can apply for a loan against the amount deposited
The low interest rate regime leaves fixed interest investors with very few choices to get inflation beating returns. If you are keen to take some cred
Under Section 80C, you can claim a maximum deduction of Rs 1,50, 000
Filing of Form 15G and 15H can ensure that no tax is deducted at source by the banks on the interest paid on fixed deposits