Key Points
POTD vs bank tax-saving FDs: Every quarter, the government updates the interest rates of small savings schemes..
For the April-June 2024 period, the rates remain unchanged for all 10 schemes, including the 5-year Post Office Time Deposit (POTD)..
Additionally, many banks provide tax-saving benefits on 5-year fixed deposits...
As per an ET, heres how the 5-year Post Office Time Deposit (POTD) and tax-saving fixed deposits offered by major banks compare:..
Under Section 80C of the Income-tax Act of 1961, you can claim a tax deduction of up to Rs 1.5 lakh for investing in a 5-year Post Office Time Deposit...
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Tax saving FD: SBI, HDFC Bank, ICICI Bank, PNB, Kotak Mahindra, and others — Which bank offers the highest
17, Mar, 23Tax-savings FDs are fixed deposits that allow investors to claim income tax deductions under section 80C of the Income-tax Act, 1961. They have a lock-in period of five years. SBI offers an interest rate of 6.5 per cent on five-year tax-saving fixed deposits. SBI, HDFC, ICICI Bank, PNB, Kotak Mahindra, YES Bank, and others — check the interest rates of tax-saving FDs offered by the different banks before booking.
Tax-saving FD: 5 banks offering above 7.50% to senior citizens; check details
03, Mar, 23Many banks offer higher interest rates to senior citizens, even on tax-saving fixed deposits. Here is a comparison of banks that offer the best interest rates on tax-saving FDs.
Bank Fixed Deposit Vs Post Office Time Deposit: Which is a better option for you?
12, Apr, 23Let’s check out the difference between Bank FDs and Post Office Time Deposits based on various factors and which one you should choose to get the maximum benefit on your investment.
Fixed deposit interest rates start seeing a dip in banks; how to select FD tenure now for maximum returns
26, Aug, 23Fixed Deposit Interest Rate: DCB Bank slashed interest rates on its fixed deposits by up to 50 basis points this month. Among other banks, Axis Bank, Bank of India, Punjab National Bank (PNB) and IndusInd Bank have also cut interest on fixed deposits recently. RBI paused the benchmark repo rate for the third consecutive time in the August Monetary Policy Committee (MPC) meeting. With the dream run of interest rate hikes on FDs almost coming to an end, how should you invest in FDs now?
10 things to remember while investing in tax saving fixed deposits (FDs)
09, May, 23Fixed deposits that qualify as tax-saving FDs (Fixed Deposits) under Section 80C of the Income Tax Act provide tax advantages to investors.
This post office scheme offers higher return than tax-saving bank fixed deposits; what to check before inv
08, Apr, 23Let's compare the features of the National Savings Certificate with five-year bank fixed deposits to understand which investment works better for you.
IDFC FIRST Bank revises FD interest rates; offers 8.5% rate on this fixed deposit tenure
21, Mar, 24IDFC FIRST Bank has revised fixed deposit interest rates on amounts less than Rs 2 crore, according to the bank website. The new FD interest rates are effective March 21, 2024.
RBI MPC likely to keep repo rate unchanged: Book FDs at high interest rates before they start to dip
07, Jun, 23RBI MPC and its impact on fixed deposit interest rates: The RBI MPC is likely to keep the repo rate unchanged yet again in its June Monetary Policy Committee (MPC) meeting. As an FD investor if you want to make the best out of the likely interest rate cycle reversal towards possible rate cuts, you need to act now. Investors still have a chance to hop on the bus of high fixed deposit interest rates. Here's how you can go about it