Budget proposals to garner up to Rs 45,000 crore bank deposit: DFS Secretary

The Union Budget 2025 aims to boost bank deposits by Rs 40,000-45,000 crore through income tax adjustments. Key proposals include raising the TDS threshold on fixed deposits and increasing senior citizens' savings limits. Additionally, a significant transfer of Rs 1 lakh crore NPA accounts to National Asset Reconstruction Company Limited is noted, adhering to RBI guidelines.