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Reccuring deposit - icici bank

This query is : Resolved 
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(Querist)
03 July 2012 Dear all,

I Have a reccuring deposit with ICICI bank or one year.

Does this investment come under Section 80C?
If not 80C , where this can be availed.

Please assist.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 July 2012 Investment in RD is NOT eligible for deduction at all, neither u/s 80C nor any other section.
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Ananth

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Ananth (Querist)
03 July 2012 Is it the same with Post office RD also??
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 July 2012 Yes investment in post office RD is also not eligible for deduction.

Investment in five year time deposit in post office is eligible for deduction.
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