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Why Liquid Funds are a good option to park your idle funds?

Sarv Insights

Unveiling Financial Wisdom

发布日期: 2023年1月12日

Many investors have substantial amounts lying idle in their savings bank accounts. Interest on savings bank balance is currently around 2.7 – 3%. Savings bank interest is taxable under the head “Income from other sources”. You can avail deduction of up to Rs 10,000 under Section 80TTA. Thereafter, the interest will be added to your income and taxed as per your income tax rate. Liquid funds can provide much better yields on your idle funds and at the same time offer high liquidity also. Read more

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