FD OR NSC: WHICH ONE TO OPT FOR?
Fixed Deposit (FD) and National Savings Certificates (NSC) are both popular investment choices that offer tax benefits under the Income Tax Act. Investments up to Rs. 1.5 lakhs for five years are applicable for tax deductions. They are both types of deposits offering fixed-income investments and have some similarities. On the other hand, they also do have their fair share of differences. It is necessary to explore the same to realize which one is more beneficial for the investor. Similarities: As previously mentioned, both of these investment alternatives have…
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