A Tax Saving FD represents a special term deposit that provides tax advantages under Section 80C. (AI image) It’s that time of the year again when you scramble for last minute tax saving investments. Those who systematically arranged their tax-saving investments throughout the year remain at ease, whilst last-minute planners are rushing to maximise deductions…
Most market experts believe that while India’s long-term outlook is strong. (AI image) Indian stock markets are bleeding! BSE Sensex and Nifty50 have dropped as much as 13-14% from their all time highs in September last year. Foreign Institutional Investors (FIIs) sold equities worth Rs 81,903 crore in January and in February the trend has…
Currently, many depositors fail to designate nominees when opening fixed deposits, possibly due to insufficient awareness. (AI image) Multiple nominees for Fixed Deposits soon? The Parliament’s winter session, commencing today, is expected to consider legislation amending banking regulations to enable depositors to designate multiple nominees for fixed despots with specified shares. The implementation of comprehensive…
Highest Fixed Deposit Interest Rates: A fixed deposit (FD) is a financial instrument that allows individuals to invest a predetermined sum of money for a specific duration. The tenure of the fixed deposit can be chosen by the investor, providing flexibility in investment options.Investors looking to generate additional income through fixed deposits have a wide…
Highest Fixed Deposit Interest Rates: Fixed deposits (FDs) offered by banks are secure and interest-generating investment options. With FDs, you can expect a guaranteed return on your invested funds, which remain unaffected by market fluctuations. This is the reason that FDs are a go to investment option for most risk averse investors.Interest rates for fixed…
Fixed deposit (FD) investors have benefited from rising interest rates over the past 1-2 years, with rates reaching their peak and remaining there for a considerable time. However, this favorable situation is not expected to continue indefinitely. Although the Reserve Bank of India (RBI) has maintained the repo rate, it is anticipated that this may…
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide…
Fixed Deposit Interest Rates: Fixed deposits (FDs) offer a secure avenue for investment, particularly favored by risk-averse individuals and senior citizens. Recently, several top banks have raised their FD interest rates, with some offering up to 8.1% on 1-3 year tenures, making them an attractive option for those seeking stable returns.What is a Fixed deposit?You…
