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Tax-saving fixed deposits

A special category of fixed deposits where the investor gets the benefit of a tax break when they invest a sum of money in the deposit. The maximum benefit is available up to an investment of Rs 1 lakh and there is a lock-in period of 5 years in the deposit.

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Bank Fixed Deposits

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Each of these options has its own set of advantages. One should look at post tax rate of return and ease of access before taking a call.

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