29/12/2022 Financial & Legal Services
A fixed deposit is one investment option which comes with assured returns and low-risk. With IndusInd Bank, you get to multiply your investment without any risk at a 7.25%* interest rate for regular customers. Apart from flexible tenure, high interest rates and guaranteed returns, it also saves a lot of money in taxes. It is common for investors to pay taxes on earning interest income on fixed deposits because this is an additional income. There is a 10% TDS deduction on interest income on interest on fixed deposits which exceeds INR 40,000 per annum (INR 50,000 for senior citizens). Open a tax saver fixed deposit with a tenure of 5 years to save tax. Apply now.
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