What is a Bank Fixed Deposit?
Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth.
Arnav Pandya, Financial Advisor & Writer
Now the recurring deposits have been brought under the TDS ambit which means that if your earnings in a year from recurring deposits are more than Rs 10,000 then there will be an amount deducted and the net figure would be available to you at the time of the payout
Anil Rego, CEO & Founder, Right Horizons
Till recently FMPs were winning the battle due to their tax advantage, but with the new tax rules have created a more level playing field.
Note : You are requested to reconfirm the rates from the respective institutions before making any financial commitments.
Fixed Deposit by Banks
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