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Fixed deposits or Recurring deposits : Which is better?
For a 5-year RD from India Post, the interest offered is 6.7%, which is lower than bank RDs. For FD, the interest ranges from 3% to 7.25% per annum.
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Earned interest? Now pay taxes!
The taxpayer is required to show interest earnings from all their savings accounts within a financial year in his ITR under the head Income from other
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Invest Rs 300 a day and get Rs 15 lakh in return
Post office saving schemes: The central government fixes interest rates of small savings schemes every quarter.
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These banks offer best interest rates on 3 year RD
The rates small finance banks offer are as high as 7.2% for the tenure of 3 years. All nine SFBs are offering interest rates between 6.2% and 7.2%.
