Have been looking to invest your surplus income than fixed deposits is one option which can be explored as i provide safe returns without any risk. However remember that interest received from fixed deposits is taxable. The budget 2012 proposal of non taxing up to Rs 10000 interest component is applicable for savings accounts and is not applicable for interest accrued from fixed deposits (FDs).
Axis bank is offering great interest rates on the Fixed Deposits, effective till 6th June, 2012. Indeed, no better way to consolidate your wealth with Axis Bank. as rate of interest is going to head southwards in near future and thus it is the ideal time to lock in for a duration.
Axis Bank Fixed Deposit interest rates
Bank may, at its discretion, change the interest rate without any further notice. For other details and Terms and conditions, please visit any branch.