which banks are paying high interest on deposits

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While looking for a suitable bank for deposits we often want to know which banks are offering highest rates of interest on you money as as to maximize the return on investment. As per RBI guidelines banks are free to offer

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Income tax on fixed deposit interest in India

Income tax on fixed deposit interest in India

The interest income generated from fixed deposits in India is fully taxable if you are in the tax bracket. The bank is bound to deduct TDS on the interest amount paid after maturity of Fixed deposits if the interest amount exceeds Rs 10000.

If you do not

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fixed deposit compound interest calculator

Fixed deposit Compound Interest Calculator

Fixed deposit also sometimes called term deposits is a popular savings option where you can opt for fixed terms depending on your needs. Fixed deposits are available from seven days to five years. The more the term period the more is the interest paid. Senior citizens are offered a higher

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Tax saver FD in SBI

Tax saver FD in SBI

Tax saver FD in SBI is another option of tax saving about which most of us might be unaware. Tax savings fixed deposits are the easiest tax savings vehicles under section 80C of the income tax act 1961. This is the same section where we take exemption for life insurance

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Senior Citizen Deposit Schemes

There are many schemes available for investment and reaping benefits for senior citizens. The government of India has given many schemes that very beneficial for senior citizens. As a person attains the age considered to be enough for being a senior citizen, his/her source of income comes to an end as they get retired from their jobs. In such a case it becomes very difficult for them to fulfill their basic, medical and other kinds of needs. Here steps in such relevant schemes that gives great benefits to the senior citizens.

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Ancient Indian Kushan Era Coin