Tax Saver Fixed Deposit

POSTED BY Jipal Shah ON June 3, 2012 10:49 am COMMENTS (5)

Hi,

I want to invest 25,000 Rs for my 4 month old daughter. I want to invest for long term.
I found SBI Tax saver Fixed Deposit for 5 yrs @ 8.75%.
Please let me know for better investment than SBI FD.

Thank you !!

5 replies on this article “Tax Saver Fixed Deposit”

  1. Ranit Kundu says:

    I want to invest 3,00000 Rs. I want to invest for long term.
    I found SBI Tax saver Fixed Deposit for 3 yrs @ 8.50%.
    Please let me know for better investment than SBI FD.

  2. Jipal Shah says:

    Hi Ashal,

    Thanks for the reply!

    I want to invest for 5 yrs. I think, If I choose normal FD then it will be taxable at maturity compare to Tax Saver FD.
    I want to invest in one shot lumpsum 25000 Rs, not sure how good is to invest in Equity MFs in one single premium compare to SIP.

    Please advice.

    Thank you.

    1. Dear Jipal, for your kind information please – No matter it’s ordinary FD or Tax saver FD, the interest is taxable from both FDs. Yes you can save a bit of tax while investing in Tax saver FDs at the time of investment but that’s limited to that over all limit of 1L Rs.

      Thanks

      Ashal

  3. Dear Jipal, why are thinking only FDs & not Eq. MFs? For 10-15Y term, the Eq. MFs may provide far superior returns. Also why did you opt for Tax saving FD & not the normal FD for 10Y term?

    Thanks

    Ashal

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