Fixed deposits (FDs) are favored for stable returns, with banks in India offering rates up to 7%. Tax-saving FDs provide deductions under Section 80C but have a 5-year lock-in. Interest rates vary, with senior citizens receiving higher rates. For the full story, visit the source.
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Tax-saving FDs vs regular FDs: Interest rates, lock-in and tax benefits compared
Fixed deposits (FDs) are favored for stable returns, with banks in India offering rates up to 7%. Tax-saving FDs provide deductions under Section 80C but have a 5-year lock-in. Interest rates vary, with senior citizens receiving higher rates.
By Eshita Gain· Livemint· 4 days ago· 2 min read
This summary is sourced from Livemint. Read the full article at:Livemint