PNB, BOI, Federal Bank, Union Bank of India, and RBL Bank revised their fixed deposit (FD) rates in the week ending August 3, 2024.

For fixed deposits with tenures ranging from 180 days to less than one year, the deposit rate for amounts less than Rs 3 crore has been increased to 6 per cent per annum

Senior citizens and super senior citizens have some special income tax benefits available to them under the Income Tax-act, 1961.

Anybody earning more than the exempted income tax is required to pay tax and file their income tax return. But, senior citizens, under certain conditions, may ask for an exemption from filing their tax returns