Fixed deposit is provided assured returns, is highly stable and yields the highest returns; but the inimitable advantage that has sustained FD at no 1 is - tax benefits. But before proceeding with FD with a desire to obtain tax benefits, ask yourself - do you really know how to leverage the tax-reclaim provisions? A large number of investor who invests in FD (Fixed Deposit) to save taxes often end up disappointed, immediately regretting taking an uninformed decision. Proper planning and adequate understanding of the facts are inevitable prerequisites for people planning to invest in fixed deposit. So, to avoid regrets and turn fixed deposit into a prosperous decision, here are a few ways you can leverage the tax-deduction provisions.
Bottom line: Investing in the FD scheme provided by reputed financial institutions like Bajaj Finserv entitles you to dual benefits: higher return on investment owing to the high-interest rate, and on-request professional tax-saving tips by investment experts.
Read More : Save Tax on the Interest earned through Fixed Deposits
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Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms.