Fixed Deposit helps you to save Income Tax under Section 80C, but the interest you earn after Fixed Deposit maturity is taxable. FD is a way to prepare for a goal with an advantage of gaining some additional interest amount over a period of time ranging from 6 months to 10 years.
Majority of Indians prefer Fixed Deposit (FD) or Time Deposit to prepare for an upcoming goal in future with negligible to no risk in their investment. Fixed Deposit Interest Rates in SBI and other banks are updated periodically.
Often we get several queries on our YouTube Channel regarding the Fixed Deposit interest rates, Fixed Deposit Calculator using Excel, interest rates in banks such as SBI, HDFC, Axis and many more popular banks, how to Save Income Tax using Fixed Deposits, is FD interest taxable, how to calculate FD interest Tax, Fixed deposit compounding frequency and many such similar queries.įD Interest Calculator in Excel can be used to calculate interest in your Fixed Deposits.
