tax-saving FDs

tax-saving FDs(BANK /POSTAL)

MINIMUM 5 YEARS MUST

1. The maturity period of a tax-saver FD is 5 years.

2. You can get tax deduction up to Rs 1, 50,000.

3. The interest earned from tax-saver FDs is taxable. Tax will deducted at source.

4. Premature withdrawal is not available.

5. You cannot get loan against tax-saver FDs.