Business: Best 80c eligible Fixed Deposits

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posted by ramvis 1155 days ago
Are you looking for 80c investment avenues for next financial year? Bank term deposits have been designated as eligible for 80c deductions from assessment year 2007-2008 onwards. These fixed deposits have a minimum term of 5 years and you can invest a maximum of Rs 1 lakh per year under these schemes. Attractive interest rates are offered by banks for 80c fixed deposits. Tamilnad Mercantile Bank, a private sector bank, is offering the best interest rate currently of 9.75% for non-seniors. Karnataka Bank and Lakshmi Vilas Bank, both private sector banks, are offering the next highest interest rate of 9.50%.
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