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2 result(s) for "Deposits"
Investment
Common Investment Options Available Through a Bank
Beyond fixed deposits, banks are often the entry point to mutual funds, bonds, and government savings schemes like PPF and NPS. Here is a plain overview of the main options.
Income Tax
Income Tax on Bank Deposits: TDS, Form 15G/15H, and Section 80C
Interest income from bank deposits is taxable, and banks deduct TDS above a threshold. Here is how to manage that, and how tax-saving deposits fit under Section 80C.