{"id":364,"date":"2026-02-27T12:45:23","date_gmt":"2026-02-27T07:15:23","guid":{"rendered":"https:\/\/prodigypro.co.in\/blog\/?p=364"},"modified":"2026-02-27T13:17:03","modified_gmt":"2026-02-27T07:47:03","slug":"tax-saver-fixed-deposits-explained","status":"publish","type":"post","link":"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/","title":{"rendered":"Tax Saver Fixed Deposits Explained: Section 80C Benefits, Lock-in &amp; Returns"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Tax-Saver-Fixed-Deposits-1024x576.webp\" alt=\"Tax Saver Fixed Deposits\" class=\"wp-image-365\" srcset=\"https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Tax-Saver-Fixed-Deposits-1024x576.webp 1024w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Tax-Saver-Fixed-Deposits-300x169.webp 300w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Tax-Saver-Fixed-Deposits-768x432.webp 768w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Tax-Saver-Fixed-Deposits-1536x864.webp 1536w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Tax-Saver-Fixed-Deposits-2048x1152.webp 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#What_are_tax_saver_deposits\" >What are tax saver deposits?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#Understanding_Tax_Saver_Fixed_Deposits_FDS\" >Understanding Tax Saver Fixed Deposits (FDS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#Key_Tax_Benefits_of_Investment_in_Tax-Saving_Fixed_Deposits\" >Key Tax Benefits of Investment in Tax-Saving Fixed Deposits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#Exploring_Section_80c_for_Fixed_Deposit_Tax_Deductions\" >Exploring Section 80c for Fixed Deposit Tax Deductions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#How_to_Maximise_Your_Returns_with_Tax_Saver_FDS\" >How to Maximise Your Returns with Tax Saver FDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#Comparing_Tax_Deduction_Options_Is_Tax_Saver_FD_Right_for_You\" >Comparing Tax Deduction Options: Is Tax Saver FD Right for You?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#On_a_parting_note%E2%80%A6\" >On a parting note\u2026<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#What_is_a_tax-saver_FD\" >What is a tax-saver FD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#Is_the_interest_from_tax-saver_FDS_tax-exempt\" >Is the interest from tax-saver FDS tax-exempt?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#For_how_many_years_are_tax-saver_FDS_locked_in\" >For how many years are tax-saver FDS locked in?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#How_much_tax_can_I_save_with_this_FD\" >How much tax can I save with this FD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/prodigypro.co.in\/blog\/tax-saver-fixed-deposits-explained\/#Are_tax-saver_FDS_the_best_tax-saving_option\" >Are tax-saver FDS the best tax-saving option?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_tax_saver_deposits\"><\/span>What are tax saver deposits?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Tax-saver or tax saving fixed deposits (FDS) are special bank deposits that provide twin advantages or two advantages: the first is safe savings and second being tax relief.<br>Which means that these funds offer dual benefits to it\u2019s investors making it a popular choice amongst taxpayers.<br>Investments of up to \u20b91.5 lakh in these FDS can be deducted from your taxable income each financial year under Section 80c of the Income Tax Act in India, leading to tax savings. But this tax relief comes with a mandatory lock-in period of 5 years, during which withdrawal is not permitted.<\/p>\n\n\n\n<p>Although the initial investment is eligible for deduction from tax, interest on these FDS is taxable based on your income tax slab. In essence, tax-saver FDS are a secure way of long-term savings with the added benefit of tax savings in the year of investment, though with a lock-in of 5 years and taxable interest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Tax_Saver_Fixed_Deposits_FDS\"><\/span>Understanding Tax Saver Fixed Deposits (FDS)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Tax Saver Fixed Deposits (FDS) are certain bank deposits that have the tax benefit under Section 80c of the Income Tax Act. If you deposit money in such FDS, the amount of money you deposit, up to \u20b91.5 lakh per financial year, can be subtracted from your taxable income and hence save tax.<\/p>\n\n\n\n<p>But there is a catch: these FDS have a mandatory lock-in of 5 years, so you cannot withdraw your money until that time. The investment itself is tax-deductible, but the interest generated on these FDS is taxed based on your income tax slab.<\/p>\n\n\n\n<p>Consider it as a secure way to save money for the long term and reduce your tax liability in the year of investment. You have the two benefits of safe investment and tax benefit, but your money gets tied up for five years, and the interest earned is taxable.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Tax_Benefits_of_Investment_in_Tax-Saving_Fixed_Deposits\"><\/span>Key Tax Benefits of Investment in Tax-Saving Fixed Deposits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Alright, now let&#8217;s discuss why investing in Tax Saver FDS is beneficial to your taxes, without repeating the title.<\/p>\n\n\n\n<p>In simple words, investing in these special FDS means you pay less tax. The government tells you, &#8220;Hey, if you keep money in this manner for the long term, we&#8217;ll reduce the amount of money we tax you on this year.&#8221;<\/p>\n\n\n\n<p>Think of it as a discount on your taxable income. Suppose you invest, for instance, \u20b91 lakh in a Tax Saver FD. That \u20b91 lakh gets deducted from the overall amount that the government considers to calculate your tax. That means you are paying tax on less money in total. It&#8217;s an easy way to cut down on your tax payment and also increase your savings securely.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exploring_Section_80c_for_Fixed_Deposit_Tax_Deductions\"><\/span>Exploring Section 80c for Fixed Deposit Tax Deductions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Okay, let&#8217;s analyse how &#8220;Section 80c&#8221; can save you tax on fixed deposits.<\/p>\n\n\n\n<p>Think of the government maintaining a list of things you can save money on, and if you do save money on those things, they&#8217;ll give you a tax break. Section 80c is one giant category on that list.<\/p>\n\n\n\n<p>When you invest in some kinds of Fixed Deposits (the Tax Saver ones we discussed), the government states that this investment is eligible under Section 80c. What this means is that the amount you invest can be deducted from your overall income before they compute what tax you pay.<\/p>\n\n\n\n<p>Consider Section 80c a special provision wherein you can set off your investment in certain items against your income that is liable to tax. It&#8217;s the government&#8217;s mechanism to encourage individuals to save, and as an incentive, they get to pay a little less tax. And don&#8217;t forget, this provision has a capping (for now, it&#8217;s \u20b91.5 lakh).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Maximise_Your_Returns_with_Tax_Saver_FDS\"><\/span>How to Maximise Your Returns with Tax Saver FDS<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Alright, so you want to maximise your Tax Saver FDS? Here&#8217;s the easy way to think about it:<\/p>\n\n\n\n<p>As you can&#8217;t vary the interest rate much between banks for these particular FDS, and the 5-year lock-in is fixed, the primary way to &#8220;maximise&#8221; your return isn&#8217;t getting more money sooner. It&#8217;s making the tax saving work best for you.<\/p>\n\n\n\n<p><strong>Consider it like this:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Invest at the beginning of the financial year:<\/strong> The earlier you invest the money, the earlier you get the tax advantage for that year. Don&#8217;t wait for the eleventh hour!<\/li>\n\n\n\n<li><strong>Invest the maximum eligible amount: <\/strong>If possible, invest to the \u20b91.5 lakh limit every year. This maximises the tax saving available.<\/li>\n\n\n\n<li><strong>Think about your tax bracket:<\/strong> If you are in a higher tax bracket, the tax savings you derive from these FDS will be greater.<\/li>\n\n\n\n<li><strong>Reinvest sensibly after 5 years: <\/strong>After the 5-year tenure is completed, consider wisely where to invest the money next. Compare interest rates of normal FDS or other investment schemes to determine where your money can grow better after you have enjoyed the tax advantage.<\/li>\n<\/ul>\n\n\n\n<p>So it&#8217;s not necessarily about earning double-digit interest rates over the 5 years, but rather utilising the tax incentive to your benefit and figuring out what to do with the money after the lock-in period is over.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparing_Tax_Deduction_Options_Is_Tax_Saver_FD_Right_for_You\"><\/span>Comparing Tax Deduction Options: Is Tax Saver FD Right for You?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Alright, so you&#8217;re considering whether a Tax Saver FD is the optimal method for you to save tax? Let&#8217;s consider it simply.<\/p>\n\n\n\n<p>Suppose you have several different buckets in which you can place your money to save on taxes. Tax Saver FD is one of these buckets. Other buckets might include things such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ELSS (Equity Linked Savings Scheme):<\/strong> It is similar to investing in the stock market but also saves tax. It can give higher returns than an FD, but it is also riskier since the market fluctuates. It has a lock-in period of 3 years.<\/li>\n\n\n\n<li><strong>PPF (Public Provident Fund):<\/strong> A long-term savings instrument with assured return and tax savings. It&#8217;s a 15-year lock-in period.<\/li>\n\n\n\n<li><strong>NSC (National Savings Certificate):<\/strong> Fixed-rate savings scheme backed by the government and with a lock-in of 5 years.<\/li>\n\n\n\n<li><strong>Life Insurance Plans:<\/strong> Certain variants provide tax savings as well.<\/li>\n<\/ul>\n\n\n\n<p>So, how do you decide if the Tax Saver FD bucket is meant for you?<\/p>\n\n\n\n<p><strong>Consider these:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How risk-averse are you? If you are not comfortable with the thought of your money perhaps depreciating (such as in the stock market through ELSS), then Tax Saver FD is a more secure option as it provides fixed returns.<\/li>\n\n\n\n<li>For how long can you keep your money locked up? Tax Saver FDS are for 5 years. If you want to get your money sooner, other instruments with lower lock-in periods (such as ELSS) could be more suitable.<\/li>\n\n\n\n<li>What returns can you expect? Tax Saver FDS give you stable, but typically low, interest rates. If you&#8217;re seeking potentially better returns in the long run, you may look at something like ELSS, despite the extra risk involved.<\/li>\n\n\n\n<li>Do you prefer guaranteed returns? Tax Saver FDS provide a guaranteed rate of interest for the 5-year term, which can make you feel secure.<\/li>\n<\/ul>\n\n\n\n<p><strong>Tax Saver FD could be suitable for you if:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0You are looking for a secure and safe method of saving tax.<\/li>\n\n\n\n<li>\u00a0You are willing to tie your money up for 5 years.<\/li>\n\n\n\n<li>\u00a0You prefer steady, though potentially modest, returns.<\/li>\n<\/ul>\n\n\n\n<p>If you can tolerate some risk and wish for possibly better returns or need your money earlier, you may want to consider those other &#8220;buckets&#8221; of tax saving.<\/p>\n\n\n\n<p><strong>Also, Check &#8211; <a href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/\">Debt Snowball vs. Debt Avalanche<\/a><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"On_a_parting_note%E2%80%A6\"><\/span>On a parting note\u2026<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In summary, tax-saver fixed deposits (FDS) offer a simple and safe option for those looking to lower their taxable income and save. The biggest benefit is the tax deduction of up to \u20b91.5 lakh under Section 80c, essentially reducing your tax outgo in the year of investment. But this advantage comes with a huge cost: a compulsory 5-year lock-in period, limiting access to your money. In addition, the interest on these deposits is taxable according to your income tax bracket, reducing the net post-tax return.<\/p>\n\n\n\n<p>Considering tax-saver FDS, it&#8217;s important to balance your risk tolerance, liquidity requirements, and anticipated returns against alternative tax-savers such as ELSS, PPF, and NSC. In case you value capital security, are willing to accept a long lock-in, and prefer assured albeit possibly low returns, tax-saver FDS may be an acceptable option. Still, those who look for potentially increased returns or the earlier availability of their money could consider other tax-saving investments that are more conducive to their objective. The decision is finally to be made with a thorough weighing of your particular situation and balancing with the aspects and constraints of other tax-saving investments.<\/p>\n\n\n\n<p>Please share your thoughts on this post by leaving a reply in the comments section. Contact us via phone, <a href=\"http:\/\/wa.me\/917347700888\" target=\"_blank\" rel=\"noopener\">WhatsApp<\/a>, or email to learn more about mutual funds, or visit our <a href=\"https:\/\/bfccapital.com\/\" target=\"_blank\" rel=\"noopener\">website<\/a>. Alternatively, you can download the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.bfc_mf.prodigy_app&amp;pcampaignid=web_share\" target=\"_blank\" rel=\"noopener\">Prodigy Pro<\/a> app to start investing today!<\/p>\n\n\n<div ><style>#sp-ea-363 .spcollapsing { height: 0; overflow: hidden; transition-property: height;transition-duration: 300ms;}#sp-ea-363.sp-easy-accordion>.sp-ea-single {margin-bottom: 10px; border: 1px solid #e2e2e2; }#sp-ea-363.sp-easy-accordion>.sp-ea-single>.ea-header a {color: #ffffff;}#sp-ea-363.sp-easy-accordion>.sp-ea-single>.sp-collapse>.ea-body {background: #fff; color: #444;}#sp-ea-363.sp-easy-accordion>.sp-ea-single {background: #7c8cff;}#sp-ea-363.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon { float: left; color: #444;font-size: 16px;}<\/style><div id=\"sp_easy_accordion-1772173176\"><div id=\"sp-ea-363\" class=\"sp-ea-one sp-easy-accordion\" data-ea-active=\"ea-click\" data-ea-mode=\"vertical\" data-preloader=\"\" data-scroll-active-item=\"\" data-offset-to-scroll=\"0\"><div class=\"ea-card ea-expand sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"What_is_a_tax-saver_FD\"><\/span><a class=\"collapsed\" id=\"ea-header-3630\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3630\" aria-controls=\"collapse3630\" href=\"#\" aria-expanded=\"true\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-minus\"><\/i> What is a tax-saver FD?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse collapsed show\" id=\"collapse3630\" data-parent=\"#sp-ea-363\" role=\"region\" aria-labelledby=\"ea-header-3630\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">A tax deduction up to \u20b91.5 lakh under Section 80c with a lock-in of 5 years by the bank.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"Is_the_interest_from_tax-saver_FDS_tax-exempt\"><\/span><a class=\"collapsed\" id=\"ea-header-3631\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3631\" aria-controls=\"collapse3631\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Is the interest from tax-saver FDS tax-exempt?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3631\" data-parent=\"#sp-ea-363\" role=\"region\" aria-labelledby=\"ea-header-3631\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">No, it is taxed on your applicable income tax slab.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"For_how_many_years_are_tax-saver_FDS_locked_in\"><\/span><a class=\"collapsed\" id=\"ea-header-3632\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3632\" aria-controls=\"collapse3632\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> For how many years are tax-saver FDS locked in?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3632\" data-parent=\"#sp-ea-363\" role=\"region\" aria-labelledby=\"ea-header-3632\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">The tax-saver FDS have a mandatory lock-in duration of 5 years; partial withdrawal is not allowed.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"How_much_tax_can_I_save_with_this_FD\"><\/span><a class=\"collapsed\" id=\"ea-header-3633\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3633\" aria-controls=\"collapse3633\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> How much tax can I save with this FD?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3633\" data-parent=\"#sp-ea-363\" role=\"region\" aria-labelledby=\"ea-header-3633\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">You may save up to \u20b91.5 lakh in tax under Section 80c from your taxable income.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"Are_tax-saver_FDS_the_best_tax-saving_option\"><\/span><a class=\"collapsed\" id=\"ea-header-3634\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3634\" aria-controls=\"collapse3634\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Are tax-saver FDS the best tax-saving option?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3634\" data-parent=\"#sp-ea-363\" role=\"region\" aria-labelledby=\"ea-header-3634\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">Not necessarily; it will depend upon your risk appetite, liquidity needs, and return expectations.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n<p><strong>Disclaimer: <\/strong>This article is for educational purposes only and does not intend to substitute expert guidance. Mutual fund investments are subject to market risks. Please read the scheme-related document carefully before investing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are tax saver deposits? Tax-saver or tax saving fixed deposits (FDS) are special bank deposits that provide twin advantages or two advantages: the first is safe..<\/p>\n","protected":false},"author":1,"featured_media":365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[516,520,518,515,519,513,511,514,512,517],"class_list":["post-364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-5-year-lock-in-fd","tag-fd-interest-taxation","tag-fd-tax-deduction","tag-fixed-deposit-tax-saving","tag-safe-tax-saving-options","tag-section-80c-tax-benefit","tag-tax-saver-fd","tag-tax-saver-fd-india","tag-tax-saving-fixed-deposit","tag-tax-saving-investment-india"],"_links":{"self":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/comments?post=364"}],"version-history":[{"count":1,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/364\/revisions"}],"predecessor-version":[{"id":366,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/364\/revisions\/366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/media\/365"}],"wp:attachment":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/media?parent=364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/categories?post=364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/tags?post=364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}