Bank FDs: When less is more

... The nominal return of around nine per cent from a tax saving FD, seems low when you compare it with instruments that offer around 10.5-11 per cent per annum (p.a). Yet, the real effective rate is much higher. In case of individuals who fall in the 30 per cent tax bracket, the effective return is as high as 14.15 per cent p.a...

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