Investing Rs 5,000 monthly in the Post Office RD scheme can yield ₹8 lakh in 10 years. With a 6.7% interest rate and loan ...

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 ...

506-day FD: Offers 6.7% interest for general citizens. These new options, effective from January 1, 2025, give customers more ...

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 ...