Up to 7.9% interest rate on tax-saving FDs
Tue, Feb 6, 2024 2:44 PM

Up to 7.9% interest rate on tax-saving FDs

A Flip by Shubhangi Gupta
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The investing avenues you opt for should be less and less speculative as you grow older, advise experts. This is why senior citizen investors prefer stable and secure investment options like bank FDs. Additionally, investing in 5-year tax-saving bank FDs comes with tax benefits. Tax saving fixed deposit provides a tax deduction under Section 80C of the IT Act, 1961 of up to Rs 1.5 lakh annually.

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