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FD Insurance Limit Explained: How the ₹5 Lakh Deposit Insurance Works and Why It Matters for Investors
Posted on Monday, August 17th, 2026 |
Summary DICGC protects eligible bank deposits up to ₹5 lakh per depositor per bank, including both principal and accrued interest. The limit applies to the combined value of eligible deposits held with the same bank, so spreading deposits across different insured banks can increase the amount covered. Fixed Deposits (FDs) have long been a preferred…
Read moreLoan Against FD vs Breaking FD: Which Is Better When You Need Money Urgently?
Posted on Monday, August 17th, 2026 |
Summary A loan against FD can be a smarter way to meet short-term cash needs without losing the interest and compounding benefits of your deposit. Breaking the FD may still make sense when you need the full amount, want to avoid repayment, or the FD is close to maturity. The better option ultimately depends on…
Read moreWhat Happens When You Break a Fixed Deposit Before Maturity?
Posted on Monday, August 17th, 2026 |
Summary Breaking an FD before maturity gives you quick access to funds, but it can lower your returns through revised interest rates, premature withdrawal penalties and lost compounding. Before closing the FD, it is worth comparing alternatives such as a loan against FD or partial withdrawal, especially when you only need funds temporarily. A Fixed…
Read moreTax 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…
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