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Debt mutual funds can be a part of anyone's portfolio, be it an ultraconservative investor or aggressive one.
The investment under 5 year TD qualifies for the benefit of section 80C of the Income Tax Act, 1961
A fixed deposit (FD) is one of the safest investment options which offers a fixed return without any market-related risks
Fixed deposits are safe and can provide stable income in old age
SFBs provide basic banking activities to un-served and underserved sections of societies to improve financial inclusion in the country.
Tax-saving FDs come with a lock-in period of 5 years and more
The interest earned on a FD is fully taxable. It is considered a part of total income and taxed as per the applicable tax slabs
Corporate FDs are term deposits that are offered by corporate companies and non-banking financial companies (NBFCs) and are held for a fixed period of time at a fixed rate of interest
If you are an individual FD account holder or a joint FD account holder, you can apply for a loan against the amount deposited
If the chit fund is carrying out business without registration, it is an unrecognised entity where investors have no protection from any quarters in case of defaults