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The minimum amount place by banking companies and you can NBFCs to own starting a great FD can be place from the Rs. step one,100000. But not, as per the Section 80C of the Tax Operate, 1961, people can be allege deductions for up to Rs. 1.5 lakh per monetary season. Tax-saving repaired put schemes features a good lock-inside the age of five years. In case of established users, the fresh FD maturity number might possibly be personally credited for the linked family savings. The newest tenure out of FD plans always differs from one week to help you so long as ten years.

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