Fixed deposit is an investment strategy where there is no cap on the money invested for a fixed period of time and cannot withdraw the funds until the end of the tenure. An individual can claim tax deduction up to a maximum of Rs 1.5 lakh under the section 80C of the Income Tax Act.
Live TV
Loading...
Banks or financial institutions provide interests on the funds deposited which is taxable.
According to Bankbazaar.com, here are the top 10 fixed deposit schemes of 2019:
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!