Fixed deposits

Inoperative PAN can affect financial transactions and taxesEven though your PAN is inoperative, you can still carry out certain financial transactions. However, these transactions are subject to higher tax deductions.If you did not link…

Investment in T-Bills requires at least Rs 25,000.T-Bills, also called zero-coupon securities, are issued by the RBI every week and come with a maturity period of 91 days, 182 days and 364 days. If you are looking for a secure…

Investing in FDs is straightforward, but it is crucial to familiarise oneself with the guidelines.Investing in FD is safe as it has the least risk compared to other schemes. Currently, Fixed Deposits (FDs) are attracting significant…

Last Updated: June 19, 2023, 13:20 ISTThe deposit of Rs 2000 notes in banks has resulted in an excess of liquidity, with around 85 per cent of these notes being deposited rather than exchanged for smaller denominations.When banks face a…

Last Updated: June 16, 2023, 11:46 ISTITR Filing 2023: Whether you file online or offline, it is absolutely necessary to file details on the correct form.As the deadline for filing an ITR approaches, taxpayers are advised to make necessary…

Rule 72 offers an approximation and not the exact number of years.Rule 72 gives you an approximation of the number of years required for your investment to double.Every investor strives to grow their wealth in the shortest possible time.…

Image for representation purpose only. | Photo Credit: Pixabay Fixed deposits (FDs) are the preferred form of savings especially for pensioners, senior citizens and retirees. However, they could be prone to hardships which need to be…

Sukanya Samriddhi Yojana (SSY) is a government-backed scheme under the initiative of Beti Bachao Beti Padhao.There are a few government schemes that offer a high-interest rate which remains the same throughout the tenure.The majority of…

ICICI Bank Golden Years FD Scheme offers an 80 bps higher interest rate.The last date for investing in the Senior Citizen Care FD scheme has been extended to July 7, 2023.Bank Fixed Deposits (FD) are considered one of the best investment…

Your fixed deposit will be subject to tax deducted at sourceIf you are looking to invest in a fixed deposit scheme, you need to be aware of the negative points of the option before you make any decision.Fixed deposits are an attractive…