{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/save-tax-with-tax-saver-fd-complete-guide\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/save-tax-with-tax-saver-fd-complete-guide\/","headline":"Save Tax with Tax-Saver FD: Complete Guide","name":"Save Tax with Tax-Saver FD: Complete Guide","description":"Fixed Deposits (FDs) have long been considered a reliable investment avenue for individuals seeking stability and assured returns on their savings. Not only do FDs offer a secure way to grow your money, but they also come with the added advantage of tax-saving benefits under Section 80C of the Indian Income Tax Act.   What makes...","datePublished":"2024-05-28","dateModified":"2024-09-26","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/#Person","name":"Vinayak","url":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/06_SA_iblog-Banners-min.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/06_SA_iblog-Banners-min.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/save-tax-with-tax-saver-fd-complete-guide\/","about":["Fixed Deposit"],"wordCount":992,"keywords":["FD interest rate","fixed deposit","fixed deposit interest rate"],"articleBody":"Fixed Deposits (FDs) have long been considered a reliable investment avenue for individuals seeking stability and assured returns on their savings. Not only do FDs offer a secure way to grow your money, but they also come with the added advantage of tax-saving benefits under Section 80C of the Indian Income Tax Act.  What makes FDs a great investment option? FDs are favoured by consumers for several reasons:  Stability: FDs provide a stable and predictable return on investment, making them an attractive option for risk-averse individuals.  Assured Returns: Unlike market-linked investments, FDs offer fixed interest rates, ensuring that investors know exactly how much they will earn upon maturity.\u00a0\u00a0Customised Tenures: FDs offer you various tenure options, which allows consumers like you to pick the duration of an FD that helps them reach their financial goals.  Tax Benefits: FDs offer tax-saving opportunities under Section 80(c), making them even more appealing for individuals looking to reduce their tax liabilities.  Understanding Section 80C Under Section 80C of the Indian Income Tax Act, taxpayers are eligible to claim deductions on certain investments and expenses, up to a maximum limit of \u20b91.5 lakh per financial year. This includes investments in instruments such as Provident Fund (PF), Public Provident Fund (PPF), Equity Linked Savings Schemes (ELSS), and Tax Saving Fixed Deposits (FDs), among others.  What are the benefits of Tax Saving FDs?  Investing in Tax Saving FDs offers the following benefits:  Tax Deduction: By investing in Tax Saving FDs, investors can claim a deduction of up to \u20b91.5 lakh under Section 80C of the Income Tax Act, thereby reducing their taxable income.  Fixed Returns: Tax Saving FDs provide fixed returns, offering investors the assurance of a predetermined interest rate throughout the investment tenure.  Safety: Tax Saving FDs are offered by banks and financial institutions, ensuring the safety of the invested capital.  Flexible Tenures: Investors can choose from a range of tenure options based on their investment horizon and financial objectives.  Why book an IndusInd Bank FD? IndusInd Bank offers a hassle-free way to invest in Tax Saving FDs with the convenience of online booking. With IndusInd Bank FDs, investors can enjoy:  Competitive Interest Rates: IndusInd Bank offers attractive interest rates on Tax Saving FDs, helping investors maximize their returns.  Online FD Booking: Investors can open Tax Saving FDs online from the comfort of their homes, eliminating the need for lengthy paperwork and branch visits.  Linked FD Savings Account: Now enjoy the best of both worlds, an FD and a savings account with IndusInd Bank. Enjoy the liquidity of a savings account with high returns of an FD. In conclusion, Tax Saving FDs are an excellent investment option for individuals looking to save on taxes while earning attractive returns on their savings. With IndusInd Bank FDs, investors can avail themselves of tax benefits while enjoying the convenience of online booking and competitive interest rates. So, what are you waiting for, book IndusInd Bank Fixed Deposit Now? Open IndusInd Bank Online Savings Account NOW! Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision.  IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Share This:"}