Fixed Deposit FAQS

Tax saver deposit

What is a Tax Saver Fixed Deposit?

  • Tax Saver Deposit

Tax Saver Fixed Deposit is a Fixed Deposit with a lock-in period of 5 years without the option of pre-mature withdrawal facility. By availing for a Tax Saving Fixed Deposit customer can avail tax benefits under section 80C of the Income Tax Act, 1961.

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