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Tax Saving Fixed Deposites Explained for First Time Investors in India
Posted on Monday, August 17th, 2026 |
Summary A tax-saving FD is a simple, low-risk option for investors who want fixed returns along with tax benefits under Section 80C. It comes with a mandatory 5-year lock-in, and investments can qualify for a deduction of up to ₹1.5 lakh per financial year under the overall Section 80C limit. However, the interest earned remains…
Read moreTax on Fixed Deposit Interest: How to Calculate FD Interest Tax & File ITR in 2026
Posted on Friday, August 14th, 2026 |
Summary FD interest is taxable every year and gets added to your total income based on your applicable tax slab. TDS deducted by the bank is only an advance tax, so the full FD interest must still be reported in your ITR. Eligible taxpayers can claim deductions such as ₹50,000 under Section 80TTB and up…
Read moreOld vs New Tax Regime Impact on Fixed Deposit Returns: Detailed Comparison
Posted on Friday, August 14th, 2026 |
Summary FD interest is taxed under “Income from Other Sources” in both tax regimes, but your post-tax return can differ depending on your slab and available deductions. The old regime may work better if you claim benefits such as Section 80C or 80TTB, while the new regime can be more suitable if you have limited…
Read moreShould You Choose Tax Saver FD in New Tax Regime vs Old Regime?
Posted on Friday, August 14th, 2026 |
Summary A Tax Saver FD offers the same 5-year lock-in, fixed returns and capital safety under both tax regimes, but its tax benefit changes. Under the old regime, it can qualify for Section 80C deduction, while under the new regime that benefit is generally unavailable. The better choice depends on your overall deductions and total…
Read moreNRE and NRO FDs: Best Rates for NRIs in 2025
Posted on Sunday, September 28th, 2025 |
Summary: NRE and NRO Fixed Deposits are essential for Non-Resident Indians managing money in India. NRE Fixed Deposits handle foreign earnings, which are fully repatriable with tax-free interest. In contrast, NRO Fixed Deposits manage Indian income, though their interest is taxable. These Fixed Deposits consistently provide safe and assured returns. IndusInd Bank offers these accounts…
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