INDUSInd Bank FD Safe ?

83°
Deal Subedar
55
1040
7

Few of my FDs are maturing this month from SBI and HDFC ,

Have a Saving account with IndusInd . Want to re-invest in few FDs but all banks are giving 4.9-5.0% interest on 18 months FD. only IndusInd is giving 7% .

What is the current risk rating for IndusInd Bank ?

any latest negative news on IndusInd Bank stocks ?

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55
1040
7
Dealhunting wrote:

Put in IDFC savings account
7% interest and NO TDS

no TDS ?? how ?

if interest earned crossed 10k per year , we have to give Tax on it .

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ZitOO wrote:

no TDS ?? how ?

if interest earned crossed 10k per year , we have to give Tax on it .

Yes, but no TDS ic cut irrespective of interest earned on savings as compared to FD

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ZitOO wrote:

no TDS ?? how ?

if interest earned crossed 10k per year , we have to give Tax on it .

Yeah no tds from the bank for saving accounts. But if the interest from savings account exceeded 10k, then additional amount will added to the gross income and tax will be lieved as per tax slab you are falling in. 

Stock was rallied and a top gainer last week. For your analysis, just check last 4 quarterly results like casa ratio, gnpa, net npa, desposits..etc. just do self analysis and go with your confidence level whether to put in a savings or not.

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Dealhunting wrote:

Put in IDFC savings account
7% interest and NO TDS

It’s on above 1 lakh or below as well?

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ZitOO wrote:

Ok . KG

by the time u open bank account and deposit the funds in savings the interest will drop to normal.

Savings bank interest can be changed any time by the bank.

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