Monday, May 21, 2012
by
Indian Real Estate News
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Fund Application Forms
Best Performing Mutual Funds
- Largecap Funds:
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds
- DSP BlackRock MicroCap Fund
- Sector Funds
- Reliance Banking Fund
- Reliance Banking Fund
- Gold Mutual Funds
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
A fixed deposit is meant for those investors who want to deposit a lump sum of money for a fixed period; say for a minimum period of 15 days to five years and above. Investor gets a lump sum (principal + interest) at the maturity of the deposit.
The 5-year tax-saving bank deposit gives tax benefit under Section 80C as the amount you invest in the 5 year FD is deducted from your taxable income.
However interest received on the FD is taxable.
Summary of 5 Yr Bank FD Details
| |
| | Return (p.a.) | | Typical interest rate is 8.00 to 8.50% with an additional 0.25 to 0.5% for senior citizens. The interest rate varies between banks and with time. | |
| |
| Risk | | NIL | |
| |
| Lock In | | 5 years | |
| |
| Income from Investment | | Interest received is taxable | |
| |
| Maturity Proceeds | | Includes interest which is already taxed | |
| |
| NRI/PIO eligible | | Yes | |
| |
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