"Looking For Avenues To Save Tax As Well As Get Assured Returns?

Tax Saver Fixed Deposit (FD) Is A Type Of Fixed Deposit, By Investing In Which, You Can Get Tax Deduction Under Section 80C Of The Indian Income Tax Act, 1961.

Any Investor Can Claim A Deduction Of A Maximum Of Rs.1. 5 Lakh By Investing In Tax Saver Fixed Deposits.

• Lock-in Period Of 5 Years
• Interest Earned Is Taxable
• Rate Of Interest Ranges From 5.5% – 7.75%

Why To Invest?

• Dual Benefits Of Attractive Interest Rates And Tax Saving
• Invest As Small As ?10,000
• Get Tax Deduction Up To ?1,50,000 Under Section 80C
• Flexible Interest Pay Out – Monthly, Quarterly Or Reinvestment In Principal.

Benefits Of Tax Saving Plan

Fixed Deposit Is A Financial Tool That Has Enjoyed Iron-clad Trust Of The General Population Since Decades, When It Comes To Savings. Since It Is A Bank-based Investment Product, Closely Monitored By RBI, Investors Are Assured Of Its Safe And Low-risk Nature. The Money Deposited Is Safe And Is Easily Redeemable With Interest Once It Reaches Maturity.

• FD Has A Higher Interest-earning Potential Than Savings Account
• FD Allows Only A One-time Lumpsum Deposit
• TDS From The Interest On FDs Is Applied
• Flexibility In The Amount And Tenure For Investors
• Get Tax Deduction Up To Rs.1, 50,000 Under Sec 80C
• It Is Easy To Get Loan On The FD Amount For Lesser Interest
• Premature Withdrawl Inot Available

Features Of Tax Saving Plan

• Get Tax Benefits On Interest Earned On 5-year Deposits
• Choose The Scheme You Want
• Invest Between Limits
• Decide Between Single Or Joint Holder Type Deposits
• Claim Benefits With A Fixed Deposit Receipt
• Forfeit Tax Benefits On Premature Closing
• Stay Compliant With Prevalent Tax Laws
• Withdraw From Joint Term Deposits Easily