Tag Archives: Section 80C

Fixed Deposits

Fixed Deposit or Term Deposit is the most safest investment option. It also avails Tax Deductions under SECTION 80C of the Income tax act. To compensate for the low LIQUIDITY in the market, the fixed deposit offers highest interest rates.
To clear out thoughts : LIQUIDITY basically means Value of an asset which doesnt change over a period of time . In short : Say suppose you have a 100rs note in your purse. It remains the same if you keep it for one day in the purse or years together. Basically an asset which can be used to do transaction immediately without its value changed . Continue reading

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