4 Tax Tricks to Handle Savings Deposits
3. Deposits with specified institutions
This budget has also clarified that the savings bank deposits of specific institutions will be eligible for this benefit. This will cover the banks which are affiliated under Banking Regulation Act, which means mostly all the banks, and its investors can avail this add on.
Co-operative society and post office savings banks are also covered under this scheme. That is the account holders of these banks will also get the benefit on interest amounts on their account.
