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Bank fd

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(Querist)
25 January 2014 what is tax saving fd and how it is different from normal fd
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CA GAJENDRA KUMAR JAIN

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CA GAJENDRA KUMAR JAIN (Expert)
25 January 2014 Dear

Tax saving FD under Tax saving scheme of govt. of india with 5 year lock in period allowable deduction u/s 80c. Normal FR can withdrow before maturity, not under scheme of Tax saving scheme & no deduction u/s 80c is allow.

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