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SBI Hikes Fixed Deposit (FD) Interest Rates With Effect From Today
Wednesday, November 28, 2018, 4:34 PM
India's largest bank SBI has increased fixed deposit (FD) interest rates for select maturity periods with effect from today. FDs below Rs.1 crore with maturity period of one to two years will fetch 6.8% as compared to 6.7% earlier. Similarly, the interest rate on FDs with maturity period of two to three years has been hiked from 6.75% to 6.8%.
What is Corporate Fixed Deposit?
Thursday, August 30, 2018, 10:13 PM
Corporate fixed deposits are fixed deposits offered by corporate companies. The corporate fixed deposits work like the regular bank fixed deposits albeit a few changes. Corporate fixed deposits offer a higher rate of interest when compared to bank fixed deposits as the risk involved is higher when it comes to corporate fixed deposits.
What you need to know about Tax on Fixed Deposit in India?
Tuesday, August 14, 2018, 7:58 PM
Fixed Deposits (FDs) are a popular form of savings. It allows you to exploit complete potential of Section 80C tax exemption while keeping your money safe for the said period. You can also earn a fair amount of income in the form of interest. But this income is taxable.
