tax-saving FDs
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.
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