Fd for 5 years deduction under 80c

DEDUCTION U/S 80C....

Yes u can avail the deduction under section 80C

deduction only if if it is special tax saving fd.

otherwise deduction U/S 80c not allowed

Interest which will be received in these FDR will also available for deduction u/s 80C like interest on NSC.

What will happen if these FDr are prematured before completing 5 years.

Interest Accrued on 5 Year FD's will be taxable on yearly basis.. Its not similar to NSC interest..

Only FD booked amount to the maximum of Rs. 1,00,000/- per Asst. Year is allowed for deduction u/s 80C

These FDs cannot be pre-matured for 5 years...

these fd marked as tax saving fd also these are for 5 years

if u premature these the tax deduction u got will be revert back