Banking | WEALTH BUILDER

TDS on Fixed Deposit Interest- A Practical Guide

August 10, 2024July 24, 2024 by Wealth Builder

Illustration of the TDS on Fixed deposit, and the threshold

What is TDS on Fixed Deposit? Interest earned on Fixed Deposits (FDs) is a safe and popular way to invest money. But, there’s something important to know: TDS, or Tax Deducted at Source. This means the bank takes out some tax from the interest you earn before giving it to you. In this guide, we’ll … Read more

Fixed Deposits: Everything You Need to Know

August 11, 2024July 21, 2024 by Wealth Builder

The image shows a pink piggy bank sitting on a wooden surface, with a black umbrella covering it, symbolizing financial protection. On the left side of the image, there is a list of "Fixed Deposits: Types" and "Benefits of Fixed Deposits." The types listed include Standard Fixed Deposit, Tax Saving Fixed Deposit, Senior Citizens Fixed Deposit, Cumulative Fixed Deposit, and Non-Cumulative Fixed Deposit. The benefits listed are Safety, Guaranteed Returns, Fixed Interest Rate, Flexible Tenure, and Loan Against FD. The overall theme of the image emphasizes the security and benefits of investing in Fixed Deposits.

Fixed Deposits (FDs) are a popular investment choice in India, known for their safety and stable returns. By depositing a lump sum for a fixed term at a predetermined interest rate, investors can enjoy guaranteed returns with minimal risk. This guide delves into the workings of FDs, their various types, benefits, and potential drawbacks, helping you make informed decisions to align with your financial goals. Whether you’re new to investing or seeking safer investment options, understanding FDs can enhance your financial strategy.