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Bank Deposits

Tax-saving fixed deposits

Allow me to introduce you to a unique type of fixed deposit that offers a valuable tax break to investors. This deposit allows individuals to invest a certain amount of money and receive a tax benefit in return. The maximum benefit can be availed for investments up to Rs 1 lakh, with a mandatory lock-in period of 5 years.

Deposit insurance

Demand deposits refer to the funds that are deposited in a bank and can be withdrawn by the depositor at their convenience. These deposits typically include the balances in ...

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Tax Deducted at Source

In the world of finance, there is a form of payment known as tax withholding. This method involves deducting the applicable tax rate from the total amount of interest or pay...

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Lender

Lending is the act of providing monetary funds to another individual or organization for a predetermined period of time. This exchange involves the borrower returning the bo...

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Bank fixed deposits

Bank fixed deposits, also known as bank term deposits, refer to the funds collected by banks from investors for a predetermined period. This serves as a primary source of ra...

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