Blogs on Fixed Deposit

This blog discusses how senior citizens can maximise their returns by investing in Fixed Deposits (FDs) that offer higher interest rates, various payout options, and the ability to secure loans, ensuring financial security and stability.

The blog explains how Fixed Deposits (FDs) can provide tax benefits under Section 80C of the Income Tax Act, including eligibility criteria, claiming procedures, and Tax Deducted at Source (TDS) details to help you optimise your tax savings.

The blog explains why Fixed Deposits (FDs) can be a strong investment choice despite their lower liquidity and interest rates, highlighting their benefits such as the Sweep-Out Facility, TDS limits, flexible investment periods, auto-renewal, and loan options against FDs. It aims to help readers understand how FDs can be advantageous for conservative investors and those seeking stability in their investment portfolios.

A Fixed Deposit (FD) involves depositing a lump sum for a set period at a fixed interest rate, offering attractive returns.