FAQs

Small Saving Schemes

10 Jan 2019

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There are two kinds of Fixed Deposits: 
Cumulative Fixed Deposit
Interest is compounded annually You receive the interest at the time of maturity, along with your principal amount 
The interest earned here is taxable. (10% if the interest amount is more than 10,000 in a year). Your tax liability also depends on the tax slab in which you fall. 
Non-cumulative
You receive the interest on a monthly/quarterly/half-yearly/yearly basis, depending on your preference

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