NSC vs SBI 5-Year Bank Fixed Deposits (FDs): Tax Saving Investment Compared
Zee Media Bureau
| Apr 14, 2023, 13:27 PM IST
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National Saving Certificate (NSC) vs State Bank of India (SBI) Five Year FD
The list of specified investment products in Section 80C of the Income Tax Act allows for tax savings of up to Rs 1.5 lakh every fiscal year. They include tax-saving fixed deposits (FDs) with banks or the post office, pension plans, Equity Linked Savings Scheme (ELSS), life insurance to debt-oriented products like National Savings Certificates (NSC), Provident Fund (PF), and FDs with banks or the post office.
NSCs and tax-saving FDs both have a five-year lock-in period, so those with shorter time horizons may want to take these into consideration.
Here is a comparison of how well NSCs and SBI tax-saving FDs fare as tax-saving investments.
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National Saving Certificate (NSC)
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National Saving Certificate's Latest Interest Rate 2023
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Minimum Amount Required To Open National Saving Certificate Account
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National Saving Certificate (NSC) Interest Payout
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Tax-Savings Fixed Deposits (FDs)
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SBI 5-Year Bank FD Latest Interest Rates
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SBI Tax Savings FD
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