Budget 2026 banking expectations: Pension changes, insurance reforms, tax relief & more

Ahead of the Union Budget 2026, the State Bank of India has proposed tax reforms to boost household savings and ease compliance. Recommendations include aligning bank deposit interest tax with capital gains, reducing fixed deposit lock-in periods, and removing or raising TDS thresholds.

Budget 2026 banking expectations: Pension changes, insurance reforms, tax relief & more
Ahead of the Union Budget 2026, the State Bank of India has proposed tax reforms to boost household savings and ease compliance. Recommendations include aligning bank deposit interest tax with capital gains, reducing fixed deposit lock-in periods, and removing or raising TDS thresholds.