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Is 5-year Post office recurring deposit covered under 80C ?

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(Querist)
17 March 2009 Sir,

Is 5-year Post office recurring deposit scheme covered under 80C ?

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Subhash
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 March 2009 R.D is not covered. But 5 years Time Deposit under Post Office Time Deposit Rules,1981 is covered vide section 80C(2)(xxiv).

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