FD interest of up to 7.9%: Want higher rate on your tax-saving FD? Book it right now
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, a SEBI-registered investment adviser, said he expected the repo rate to come down as inflation eases, leaving a limited window to book tax-saving FDs, depending on one's investment horizon.
More of Abhishek's views on saving and deposits
Economic Times looks at tax-saving fixed deposits before the 31 March 2024 deadline, explaining the five-year lock-in, the ₹1.5 lakh limit under Section 80C and TDS on interest. It compares banks' rates as on 29 February 2024, mostly 7–7.4% at private banks and up to 7.9% for senior citizens, with NSC, post office time deposits and SCSS, and discusses booking while rates were near their peak at the time.
Publisher source
FD interest of up to 7.9%: Want higher rate on your tax-saving FD? Book it right now