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80 c

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(Querist)
14 March 2013 Investment in AXIS Bank as a fixed deposit for 5 years is eligible for deduction u/s 80 C ?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
14 March 2013 If such deposit is under tax savings scheme then eligible for deduction u/s 80C.

OM SAI SRI SAI JAI JAI SAI
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
14 March 2013 provided it should be tax saving FD.
only 5 year is not the critria.

on certificate it should be written that it is tax saving FD and Cant Prematured before 5 Year at any cost.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 March 2013 Yes eligible for 80C. For details please see
https://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/tax-saver-fixed-deposit-features.aspx
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