
According to RBI data from June 28, deposits grew by 11.1% on a year-on-year basis, while loan growth stood at 17.4%. RBI Governor Shaktikanta Das has

Tax planning at the beginning of the year help in saving taxes and lead to higher income

Investments made for five-year tax-saving FDs are tax-exempt under section 80C of the Income Tax Act.

The interest rates on tax-saving fixed deposits vary from bank to bank.

Tax saving fixed deposits: Currently, interest rates on tax-saver FDs are in the range of 5.20-5.50% in public sector banks

Investments are perceived by investors in a combination of trust, safety, returns, liquidity while also considering the convenience of transacting

Tax-savings should be viewed as an additional advantage that we receive from the financial products we invest in

Take a look at best interest rates which public and private sector banks are offering to common people as well as senior citizens

Fixed Deposit Investment tips: FDs carry lower returns than equities or mutual funds but provide safety of capital

All private and public sector banks offer this facility