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Recurring Deposit

TDS on Fixed Deposit, Recurring Deposit and EPF

Budget 2015 - TDS on FD, RD and EPF Along with changes in income tax, budget 2015 has also made some changes in TDS (Tax Deduction at source) for Fixed Deposit, Recurring Deposit and EPF (Employee Provident Fund). The post discusses these changes: TDS on Recurring Deposit (RD) Until now recurring deposit was not subjected to TDS. Budget 2015 has amended this and now […] Continue reading →

RBI Rate Cut Impact: Rush for Fixed Deposit and wait for your Loan

Reserve Bank of India - RBI Reserve Bank of India (RBI) in its monetary policy presented on January 29, 2013 cut repo rate and cash reserve ratio by 25 basis points each. Repo rate, the rate at which banks borrow from the central bank, has been slashed to 7.75%; and the cash reserve ratio, the portion of bank deposits the banks […] Continue reading →