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4 easy ways to avoid TDS on fixed deposits

Fixed deposits (FD) are one of the most favored investment instruments in India. Fixed deposit can be defined as a financial investment where money is invested for a fixed tenure at a pre-agreed interest rate.There are many varieties of FD schemes available in the market today, and an investor can pick one depending on its need and suitability.: In this type of FD scheme, the tenure is fixed for a...
Source : Ndtv |
Category : Others

Say ‘No’ to Saradha, say ‘Yes’ to 3S

banks.“People will have a safe scheme to deposit their money once it is launched on October 5. It will be like a fixed deposit scheme. People can invest money for one to five years,” Mamata Banerjee said while laying down the scheme’s details.The Safe Savings Scheme (3S) will be operated in collaboration with four nationalised banks — the State Bank of India, Allahabad Bank, UCO Bank and the United...
Source : Telegraphindia |
Category : City | City : Mon

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Bank of India provides various banking services in India. It offers a range of deposit schemes, including saving bank accounts, current deposits, term deposits, and tax saving deposits; and deposit schemes for non resident Indians (NRIs).and...
Source : Yahoo Finance |
Category : Personal Finance

SC asks Sahara India group to submit Rs 20,000 crore property papers

today directed Sahara India group to deposit papers of property worth Rs 20,000 crore within 3 weeks. A bench comprising Justices K S Radhakrishnan and Bipak Misra also directed that if papers of the property are not deposited with SEBI within 3 weeks, then Sahara India group chairman Subrata Roy and other directors of the two real estate companies of Sahara group shall not be allowed to leave...
Source : Webindia123 |
Category : National

What is Special Deposit Scheme?

7.75%Like other small savings scheme, the interest income accruing from the deposits under the Special Deposit Scheme is exempt from income taxSpecial Deposit Scheme (SDS) was launched by the Central government on July 1, 1975. However, no fresh deposits were allowed under the scheme from March 1997.The purpose of the scheme was to provide better returns to non-government provident funds, superannuation...
Source : Indiainfoline |
Category : Business

Gold-Plated Investment

Gold purchases are a major chunk of wedding expenses. With gold prices remaining high and showing few signs of coming down, various jewellers offer monthly saving schemes through which people canWe look into the merits of such schemes and if it makes sense to use them as an investment.Gold saving schemes work like bank recurring deposits or RDs. The investor deposits a fixed sum every month with the...
Source : Business Today |
Category : Business

RBI extends interest rates on FCNR (B) Deposits till Jan 31

deregulated interest rate scheme on NRE rupee deposits will remain unchanged until January 31, 2014, subject to review, the RBI saidThe Reserve Bank of India on Friday has extended the deregulated interest rate scheme for NRE (non-resident-external) deposits andThe deregulated interest rate scheme on NRE rupee deposits will remain unchanged until January 31, 2014, subject to review, the RBI said in...
Source : Indiainfoline |
Category : Business

India's Supreme Court Tells Sahara Group To Pay $1.7 Billion in Cash And Bank Deposits For Bail Of F

India's Supreme Court Tells Sahara Group To Pay $1.7 Billion in Cash And Bank Deposits For Bail Of Founder Subrata RoyVijay Mallya (R), co-owner of the Force India Formula One team, and Sahara Group Chairman Subrata Roy shake hands at a news conference in New Delhi on Oct. 11, 2011.India's apex court on Wednesday set bail for Subrata Roy, head of the Sahara group, at 100 billion rupees ($1.7 billion)...

West Brom targets low deposit homeowners looking to fix their mortgage

West Brom tempts homeowners with low-fee 10% deposit mortgage fixed at 4.49% for five yearsWest Brom building society has launched a low deposit mortgage aimed at homeowners looking to switch products.Much of the low deposit mortgage market is focused on first-time buyers but West Brom is now offering a five-year fixed rate that may tempt borrowers with just a 10 per cent deposit.has a five-year fixed...
Source : dailymail |
Category : Business

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Dena Bank provides banking products and services in India. Its deposit products include savings, current, and senior citizens accounts; fixed, recurring, and loan linked recurring deposits; minor savings schemes; cash certificates; and online termand...
Source : Yahoo Finance |
Category : Personal Finance