Talking about a fitting investment vehicle that provides assured returns with the highest principal safety, the Fixed Deposit Investment has been the top choice for investors and will continue to remain so. This degree of favorability is due to several reasons - some of them are mentioned above. Above all, there’s one more reason that sustained fixed deposit as the top choice for the investor: the tax benefits on the income earned. YES! A tax saver fixed deposit scheme does offer income tax benefits to the investor but under certain conditions.
Bottom line: Before you invest in tax saver FD, you should know the minimum lock-in period is 5 years. Therefore, you must have the patience to invest. Furthermore, the exemption limit has been increased to Rs 50 thousand for senior citizens in the Budget 2018.
Read More : How a Tax saving FD should help you save Tax!
Confused? Visit Bajaj Finance Customer Care page to speak to our customer care representative.
Have any Doubt? Read unbiased Bajaj Finance Reviews to know more about Bajaj Finance Fixed Deposit.
Visit : Bajaj Finance Terms and Conditions page to know all the T&C for Fixed Deposit in India.
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.