State bank of India (SBI) has revised the interest rate on its Tax Saving Fixed Deposit Scheme to 8.75% for General Public while interest rate for Senior citizens has remained the same at 9.00%. As I have pointed out earlier, if you see the advertisement by SBI, it promises annual yield of 17.39% for Senior […]
SBI revises Tax Saving Fixed Deposit Rate to 8.75% Read More »
Its Tax Saving Season and all financial institutions are trying to en-cash this opportunity. If you are risk averse then five year tax saving deposit is one of the best avenues to save tax. UCO bank in its advertisement has published its annual yield, but has conveniently ignored to print the actual interest offered. I
UCO Tax Saver Deposit Scheme – Interest & Annual Yield [Miss-selling Advertisement] Read More »
SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket of 30%, your post tax yield would come to 13.33% (from
SBI Tax Saving Deposit Scheme – Interest & Annual Yield Read More »
PNB Sugam Fixed Deposit Scheme provides flexibility among existing Fixed Deposit Schemes of PNB. The depositor can withdraw in multiples of Rs. 1,000 at any time before maturity without canceling the original deposit receipt and earn Interest on the remaining amount at the contracted rate. Account can be opened with a minimum deposit of Rs. 10,000
SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. [button link=”https://www.apnaplan.com/highest-tax-saving-bank-fixed-deposit-rates-us-80c/” size=”large” style=”tick” color=”green” text=”light”]Click for Best Tax Saving FDs[/button] But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket
SBI Tax Saving Deposit Scheme 2012 – Interest & Annual Yield Read More »
