5 Tax Savings Bank Deposits to buy after Sec 80C limit hiked in Union Budget

The limit for availing tax benefits under Sec 80C has been hiked to Rs 1.5 lakh from the earlier limit of Rs 1 lakh in the Union Budget 2014. Bank Tax Savings Deposits are excellent tax saving instruments considering their rates of interest and safety. Individuals who are looking to invest in Bank Fixed Deposits that offer tax savings under Sec 80C can consider the following banks, which offer high interest rates.

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