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Bank FD New Tax Rules by RBI | What You Must Know

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📝 Description:
Bank Fixed Deposits are a popular saving option in India, but recent updates have brought changes in how interest earnings are taxed. According to RBI and current income tax laws, any FD interest above a certain limit is now taxable, and TDS (Tax Deducted at Source) may be applicable even if your total income is below the taxable bracket.

This video explains how much interest is tax-free, who needs to submit Form 15G or 15H to avoid TDS, and what senior citizens should know. We also cover the impact of new RBI guidelines and how they may affect your long-term FD returns.

Stay informed and plan your savings smartly with the latest tax and RBI updates.

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