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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
Bankers see higher PPF rate limiting more deposit rate cuts

02-08-2015| Source:PTI

Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability

Cabinet to take up Gold Monetisation Scheme in few weeks

22-07-2015| Source:PTI

The government is likely to consider and approve Gold Monetisation Scheme in the next few weeks, which proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

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