Bank FD interest rates touch 9.5%; now 47% of FDs held by senior citizens, why it is time to change taxation of fixed deposits - Deposit growth

Bank FD interest rates have reached 9.5%, with 47% of fixed deposits held by senior citizens. The high interest rates offer attractive returns for depositors, especially retirees. The article discusses the implications for taxation and suggests reforms to align tax policies with current interest rates, aiming to benefit depositors and enhance the attractiveness of fixed deposits as an investment option.