Under Section 80TTB of the Income Tax Act, senior citizens are eligible for a deduction on the interest earned from deposits with banks, co-operative banks, and post offices. This helps in ...
Fixed deposits (FDs) have long been a popular investment choice among Indians, especially senior citizens looking for stability and regular income. Senior Citizen FDs are specifically tailored to ...
Senior citizen FD rates: For senior citizens looking to grow their savings through fixed deposits (FDs), there's good news: several banks are offering higher interest rates on FDs tailored ...
Senior citizens can enjoy tailored FDs with higher interest rates at various banks, including DCB Bank, IDFC First Bank, Bandhan Bank, IndusInd Bank, YES Bank, and DBS Bank India. Rates apply up ...
North East Small Finance Bank is offering senior citizens a 9.25% interest rate on FDs with a tenure of 555 to 1111 days, with a premium of 0.75% 55% wealth tax? Here are top 8 countries in the ...
Banks have increased their fixed deposit rates after the central bank has hiked repo rates since May 2022. The FDs have emerged one of the safest investment options. Some banks are now offering ...
As per a report by livemint.com, the special fixed deposit (FD) schemes have been extended till June 30, 2021. An additional 50 basis points (bps) are offered by the regular FD schemes to senior ...
Senior citizens looking for a boost in their savings can benefit from fixed deposits (FDs), with many banks offering competitive interest rates. A key driving factor behind the surge in senior ...
FD interest up to 9.5%! Fixed deposit rates revised by these banks across tenors (Representational image: Freepik) Banks revise their interest rates on fixed deposits (FDs) or term deposits on a ...
For retail deposits below Rs 2 crore the bank is offering an interest rate of 3 per cent on fixed deposits maturing in the next 7 to 30 days, for 31 to 45 days, IDBI Bank is now promising an interest ...
My mother is a senior citizen. She has some fixed deposits with a bank and had earned interest of ₹3.30 lakh, which crossed the income tax exemption limit of ₹3 lakh. So she deposited Rs.