Lock-in period for tax saving fixed deposits to be reduced to 3 years? Here’s what public sector banks like SBI want
State Bank of India and public sector lenders are seeking government approval to offer incentives for deposits, aiming to address the impact on credit flow. Suggestions include reducing the lock-in period for tax-saving fixed deposits to three years, as investors prefer equities and mutual funds with better returns.
State Bank of India and public sector lenders are seeking government approval to offer incentives for deposits, aiming to address the impact on credit flow. Suggestions include reducing the lock-in period for tax-saving fixed deposits to three years, as investors prefer equities and mutual funds with better returns. What's Your Reaction?
