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Tax-saving fixed deposits

A special category of fixed deposits where the investor gets the benefit of a tax break when they invest a sum of money in the deposit. The maximum benefit is available up to an investment of Rs 1 lakh and there is a lock-in period of 5 years in the deposit.

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Bank Fixed Deposits

News On Tax saving fixed deposits
What to do with money deposited in your saving bank account?

02-12-2016| Source:Moneycontrol.com

was to park it in fixed deposits. Anybody wanting to set aside any surplus cash for future, would just ‘go do an FD’. Investing in stocks was only for the super-intellectuals or the punters

PNB cuts deposit rates by upto 0.25%

20-11-2016| Source:PTI

Flush with funds, Punjab National Bank (PNB) today trimmed interest rate on fixed deposits by up to 0.25 per cent in line with competition.

Banks, POs to report cash deposits of over Rs 2.5 lakh to I-T

16-11-2016| Source:PTI

As per a notification issued today, banks, co-operative banks and post offices will have to report to the tax department cash deposits exceeding Rs 50,000 in a single day or aggregating to more than

Why you should also look at debt mutual funds

10-11-2016| Source:Moneycontrol.com

; there are funds designed for aggressive investors, as well. 1. The tax advantageInterest earned in savings bank account (more than Rs 10,000 per year) and on FDs is taxable as per your tax slab. Debt mutual funds

Deposits of old notes in banks not to enjoy tax immunity: FM  

09-11-2016| Source:PTI

"If the money is legitimate which had been previously withdrawn from bank or earned legally and saved and had been disclosed, there is nothing to worry about," Jaitley said.

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