22/3/2025, 6:20:02 pm

5-year Post Office Time Deposit or Tax-saving bank FDs

The article compares Post Office 5-Year Term Deposits and Tax-Saving FDs, both offering tax benefits under Section 80C. Post Office deposits yield 7.5% interest, while bank FDs offer up to 7% for general citizens and up to 8% for senior citizens. Both have a five-year lock-in period, with TDS applicable on interest exceeding specified limits.