[ad_1] Corporate FDs vs Bank FDs: When it comes to investing your money, fixed deposits (FDs) are a popular choice for their guaranteed returns and security. However, choosing between corporate FDs and bank FDs can be a daunting task. Here’s how both the FDs compare: Corporate FDs and Bank FDs According to ET, banks offer…
[ad_1] Fixed Deposit Interest Rates: Fixed deposits (FDs) offer a secure avenue for investment, particularly favored by risk-averse individuals and senior citizens. Recently, several top banks have raised their FD interest rates, with some offering up to 8.1% on 1-3 year tenures, making them an attractive option for those seeking stable returns.What is a Fixed…
[ad_1] Fixed deposits: Tax-saving fixed deposits (FDs) enable senior citizens to avail a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961. The interest earned on fixed deposits typically incurs taxes. However, senior citizens have the opportunity to generate tax-exempt returns from tax-saving FDs. To understand how it…
[ad_1] Small Savings Scheme Interest Rates 2024: The government has declared the interest rates for small savings schemes for the January-March 2024 quarter. In a circular released by the finance ministry on December 29, 2023, it was revealed that certain small savings schemes and post office schemes will experience an increase in their interest rates…
