2 Points
Posted on 20 July 2023
only interest (upto Rs. 10,000/-) in SB account is eligible for deduction u/s 80TTA. No interest on FD/TD etc. is eligible for deduction u/s 80TTA. MOD(Multi Option Deposit) is nothing but Time Deposit linked with SB A/c. Hence, MOD interest is not eligible for 80TTA.