Friday, March 21, 2025

5-year Post Office Time Deposit or Tax-saving bank FDs: Which offers higher interest now?

Both Tax-Saving Fixed Deposits (FDs) from banks and the Post Office 5-Year Time Deposit provide secure investment options while offering tax benefits under Section 80C. Check if they differ in interest rates, taxation, and other specifics. Post Office TD offers a fixed 7.5% rate, while banks' rates range widely depending on the institution.

from Tax-Wealth-Economic Times https://ift.tt/cKAoO1I

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