Liquidity is a concern for any rational investor.You can now claim tax deductions an investment of up to rupees 1.5 lakhs. Under this purview, FDs are the best investment plan in India to save your taxes under Section 80C of the Income Tax Act. Thirdly, tax benefits are certainly a priority to anyone.Another major factor working in favor of fixed deposits is the likelihood of an increase in the Fixed Deposit interest rates, making it a more profitable yet secure savings plan for any risk averse. ![]() ![]() ![]() If you seek income certainty, within a particular period of time, FDs are the best investment instruments for you. The primary advantage of a fixed deposit investment is the fixed return you receive, despite drastic fluctuations in the market rates.
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