FD rate up to 8.05% for senior citizens
Synopsis Senior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attractive
Synopsis Senior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attractive rates are available, investors should be aware of the DICGC insurance limit of Rs 5 lakh. The article also clarifies TDS rules on FD interest, explaining how senior citizens can avoid deductions by submitting Form 15H if their total income falls below taxable limits.
The BriefWire