Finance Tips

Finance

Save Tax with Tax-saver FD: A Complete Guide

Tax-saver Fixed Deposits (FDs) are a low-risk savings tool offering two primary benefits: tax savings and stable returns. They provide tax deductions under Section 80C of the Income Tax Act, 1961, allowing investors to reduce their taxable income by up to ₹1.5 Lakhs per financial year. What is a Tax-saver FD? A tax-saver FD is a type of fixed deposit…