Income Tax Saver Fixed Deposits : Must Know Facts
During 2005, banks were losing key investments due to thinning popularity of fixed deposits due to frequent reduction in interest rates. The fixed deposits which were giving interest rates up to 12-14% or more some 5-10 years ago, had slumped down to about 7-9 %. On the other side, with the opening up of insurance sector growing popularity of mutual funds in India, many new companies smell the big opportunity to trap these dissatisfied
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