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      • A tax-saving fixed deposit (FD) account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor can claim a deduction of a maximum of Rs.1.5 lakh per annum by investing in a tax-saving fixed deposit account.
      cleartax.in/s/tax-saving-fd-fixed-deposits

      Tax-Saving FD for Section 80C Deductions - ClearTax

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  3. cleartax.in › s › tax-saving-fd-fixed-depositsTax-Saving FD for Section 80C Deductions - ClearTax

    Jul 5, 2024 · What is a Tax-Saving FD. A tax-saving fixed deposit (FD) account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor can claim a deduction of a maximum of Rs.1.5 lakh per annum by investing in a tax-saving fixed deposit account. Some of its features are: A lock-in period of ...

  4. www.wintwealth.com › blog › tax-saver-fds-meaningTax Saving FDs: Features, Documents Required & Interest Rates

    Oct 6, 2023 · Tax-saver FDs are a type of fixed deposit scheme that help you save taxes. These fixed deposit schemes have a tenure of five years and allow you to claim a tax deduction on the amount you invested under section 80C.

  5. www.etmoney.com › learn › fixed-depositWhat is a Tax Saving Fixed Deposit Under Section 80C Deduction?

    Sep 25, 2024 · Tax saving deposits are a type of deposit scheme that allows you to enjoy a deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. They come with a lock-in period of 5 years. Just like other fixed deposits, returns on a tax-saving FD are fixed for the term of the FD.

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  7. www.hdfcbank.com › save › what-is-a-tax-saving-fdWhat is Tax Saving FD All you need to Know | HDFC Bank

    One of the ways in which you can save tax is by investing money in a tax-saving Fixed Deposit. So, what is a five-year tax-saving FD? Under section 80c of the Indian income tax act, you can invest up to Rs 1.5 lakh in specific financial products, and claim tax deduction on the amount invested.

  8. freo.money › blog › tax-saving-fixed-depositWhat is Tax Saving Fixed Deposit? Learn in Detail - Freo

    May 16, 2024 · A tax-saving fixed deposit is a financial product provided by banks and NBFCs, where a specified amount of money is deposited for a predetermined period. Typically, this tenure spans five years and allows for a deduction on taxes as per Section 80C of the Income Tax Act 1961.

  9. www.icicibank.com › tax-saving-fixed-depositsWhat is a Tax Saving Fixed Deposit for Section 80C Deductions

    Tax Saving Fixed Deposits (FD) are special saving schemes that help individuals save on taxes while earning interest. Under Section 80C of the Income Tax Act, 1961, investors can claim a tax deduction of up to ₹ 1.5 lakh per year by investing in these FDs.

  10. www.hdfcbank.com › personal › saveTax Saver FD - 5 Year Tax Saving Fixed Deposit | HDFC Bank

    A fixed deposit to save tax, while earning interest. Higher FD rates for tenure 35 & 55 months. Book FD>> All You Need To Know. TERMS & CONDITIONS. FEATURES. ELIGIBILITY. FEES & CHARGES. Minimum Amount – Rs. 100 & in Multiples of Rs. 100. Maximum amount – Rs. 1.5 Lakhs (in a FY) Tenure – 5 Years (Lock In)

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