Investing in a safe and high-return savings plan is a priority for many individuals. The Post Office Recurring Deposit (RD) ...

In this article, we will explore the benefits of recurring deposits for senior citizens, including the special interest rates, penalties, and other important considerations. Special Interest Rates ...

Currently, the interest earned on FDs is taxable, and if the amount exceeds Rs 40,000 (Rs 50,000 for senior citizens), it becomes subject to Tax Deducted at Source (TDS).

In January 2025, major banks like SBI, PNB, IDBI, and Bank of Baroda launched new fixed deposit schemes and products with ...

SBI Patron's depositors would earn an additional 10 basis points higher interest rate than what is offered to senior citizens. In contrast, the recurring deposit scheme would offer rates similar ...

The interest rate for fixed deposits remains constant ... such as Rs 1 lakh, and enroll in recurring deposits based on their targets. This rate adjustment coincides with the current widespread ...

SBI Patrons depositors would earn an additional 10 basis points higher interest rate than what is offered to senior citizens, while the recurring deposit scheme would be similar to rates offered ...