Utility News: Keep these things in mind before making Fixed deposit, otherwise you may have to worry
If you are also going to make a fixed deposit in the bank, then you should also take care of some things. I am telling this because many times you get fixed deposits done, but due to lack of information, you have to bear losses many times. In such a situation, always take full care of these things before doing this work.
In Fixed Deposit, you deposit money for a fixed period of time. In such a situation, if you withdraw money from your fixed deposit before the completion of time, then you will not be able to get the interest you will get, in which case you will have to bear the loss.
According to the information, the earnings from FD are taxable. If your interest amount increases to Rs 10,000, then the bank will deduct a tax of 10.3% on the amount received by you.