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Home > Videos > Tax Benefits on Fixed Deposit - Learn Money in Hindi | EP 08

Tax Benefits on Fixed Deposit - Learn Money in Hindi | EP 08

You get a tax deduction under Section 80 C of the income tax act, up to INR 1.5 Lakhs in a financial year, if you invest your money in a tax saving fixed deposit. The tax saving fixed deposit also called tax saver FD, has a tenure of 5 years. What does this mean? You cannot withdraw from the tax saver FD, until maturity. Your money is locked for a time period of 5 years.

 

 
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