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Fixed deposit in nationalised bank allowable under 80 c

This query is : Resolved 
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(Querist)
25 February 2014 Respected Sir

Can an Individual get deduction u/s 80C if he made investment in Fixed Deposit in any Nationalised Bank?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 February 2014 Yes, provided the amount is deposited under the 'Bank Term Deposit Scheme,2006'.
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