Looking to invest in tax saving fixed deposits? Here's all you need to know
Updated : April 20, 2020 06:35 PM IST
Tax saving FD, a special category of fixed deposit, allows investors to claim deductions under Section 80C of the Income Tax Act.
Only Individuals and HUFs (Hindu undivided family) can invest in the tax-saving fixed deposit (FD) scheme.
These tax saving FDs have a minimum lock-in period of five years.