Web1 day ago · Under this deposit scheme, the bank provides the deposit with tenure ranging from 1 year to 10 years that ranges interest from 6.25% to 6.75% for the general public … WebMar 14, 2024 · 6. TAX SAVING FD: The tax saving FD permits investment to save tax amounts under the 80C section of the Income Tax Act 1961. The period for this tax saving scheme is for 5 years with a maximum exemption of around 1.5 lakh. Senior citizens who benefitted from this scheme receive a higher rate of interest on investments.
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