Fixed Deposits (FDs) offer a secure way to grow your savings with guaranteed returns. Ideal for risk-averse investors seeking stability in their investments.
FD interest rates vary by bank, deposit amount, and tenure. Higher rates often for senior citizens. Crucial for maximizing returns.
: Interest from FDs is taxable. TDS applies if interest exceeds ₹40,000 p.a. (₹50,000 for seniors.
FDs come with flexible tenures, ranging from a few days to several years. Choose wisely– short-term liquidity or long-term growth.
FDs come with flexible tenures, ranging from a few days to several years. Choose wisely– short-term liquidity or long-term growth.