Moneycontrol
YOU ARE HERE > Moneycontrol > Bank Deposits > Glossary

Bank Deposits

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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.

Keywords

Bank Fixed Deposits

News On Tax saving fixed deposits
PNB fraud: Enforcement Directorate raids shell firms; IT dept attaches Rs 145 crore assets

21-02-2018| Source:PTI

While the ED seized assets worth Rs 10 crore today, the tax department said it has attached a total of 141 bank accounts and fixed deposits worth Rs 145.74 crore of the Nirav Modi group.

Sections
Follow us on
Available On