Financial Business Services

What Are the Tax Implications of Fixed Deposit Interest?

By: Anthony Williams|In: Financial Business Services|Last Updated: February 10, 2025

What Are the Tax Implications of Fixed Deposit Interest?

Fixed deposits (FDs) are one of the most popular investment options in India, offering assured returns and capital safety. While they are an excellent choice for risk-averse investors, it is essential to understand the tax implications of the interest earned on FDs. Proper knowledge of taxation helps in planning your finances better and optimising returns.

Understanding Fixed Deposits

A fixed deposit is a financial instrument offered by banks and non-banking financial companies (NBFCs), where an individual deposits a sum of money for a fixed tenure at a predetermined interest rate. The interest earned on FDs is taxable, and this taxation depends on the investor’s income tax slab rate.

Using an FD Rate Calculator

An FD rate calculator is a useful tool that helps investors calculate the interest earned on their fixed deposits based on the principal amount, interest rate, and tenure. It also provides an estimate of the maturity amount. …

By: Anthony Williams|In: Financial Business Services|Last Updated: June 6, 2022

Refinancing (Refinansiering) a Loan – A Brief Guide

When you think of how to offset your debt, many options come to mind. The more you try, the more it seems difficult. More so, it becomes more tiring when the interest keeps increasing. If you find yourself in this situation, one way to get out of it is to refinance the loan.

Some people see refinancing a loan as acquiring another burden. However, when it is done correctly, you will not have to worry at all. So, whether it is a consumer, personal, mortgage, or student loan, you can always refinance it. If you are considering this option but you do not know how to go about it, read on to learn more.

With debt refinancing, you will have extra funds to keep aside for your monthly savings. You will also have access to a loan with improved terms and conditions, as well as better interest rates. You can …

By: Anthony Williams|In: Financial Business Services|Last Updated: June 5, 2022

The financial services industry encompasses a wide range of businesses, including credit-card companies, banks, and credit unions. These companies provide a variety of services that are essential to people’s lives. Whether you need advice about a credit card application or need to make a large investment, a financial services company can help you meet your needs.

Accounting

The financial services industry is in an exciting time of change. According to the Hinge Research Institute’s 2020 High Growth Study, this industry is poised for rapid growth. The study, which examined over 200 firms with combined revenues of $15 Billion, analyzed the overall growth of the industry and how it’s changing.

Tax filing

The financial services industry includes a variety of professional services including tax filing. It also includes services for international trade, wire transfers, credit card networks, and currency exchange. In addition, the financial services industry includes global payment providers such …

By: Anthony Williams|In: Financial Business Services|Last Updated: April 6, 2022

Financial services examples range from online investment funds to large banks. For the most part, these companies have user-friendly websites with clean design templates. Some also offer customer support through chatbots. Whether your business offers investment or insurance services, there is an example for each type of site. In addition to financial services, these websites can provide advice on how to market your company effectively.

Website design for financial services providers

A well-designed financial services website makes it easy for customers to find what they’re looking for quickly and easily. Clear information, call to actions, and a strong visual hierarchy keep the users’ needs at the forefront of the design. The site also uses black and white with accent colours to highlight important content.

The best financial services websites can reach billions of online users. They can also generate up to 760% more quality leads. For this reason, they must …

By: Anthony Williams|In: Financial Business Services|Last Updated: December 8, 2021

Technological Advancements in Automatic Teller Machines

When it comes to self-service banking, you should remember that it first started in 1939 when Luther George Simjian invented Bankograph. Of course, it did not work as an automatic teller machine, but it accepted deposits in coins, cash, and checks.

The only bank that had it was the City Bank of New York, but the Great Depression created turmoil, so executives removed it. The main reason for that is that people did not trust robots.

Thirty years afterward, Barclays Bank in London introduced a cash-dispensing automatic teller machine that revolutionized self-service banking. Today, you can find millions of ATMs available worldwide, almost everywhere you can think of.

At the same time, people started trusting machines, so the number of transactions increased significantly. Therefore, they use devices for numerous financial transactions, including deposits, transfers, and withdrawals.

It is vital to learn more about ATM Service in Salem and Eugene, …