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Maximizing Returns: A Comprehensive Guide To FDs In India
Remy Sharp
Vaishnavi Verma
  • March 11, 2024
  • Personal Finances
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    Blog Related Questions

    Is it more beneficial to have multiple FDs or a siSpreading your investments across smaller FDs helps reduce risk, as issues faced by one institution won't impact your entire investment. On the flip side, if you have significant fund requirements and aim to secure your money in a stable investment f
    How much of the FD interest is tax-free?The limit of exemption for TDS deduction on FDs is INR 40,000. If the total interest earned in a financial year on FDs held with one branch of a bank exceeds Rs. 40,000, TDS will be deducted at a rate of 10%.
    Is it wise to break an FD for a higher interest raWhile fixed deposits are among the best investment options, it's advisable to avoid breaking your FD. Doing so not only results in a reduced interest rate, but you'll also incur penalties.

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