Even bank fixed deposits have variants

.....The first thing to remember is that most FDs are tax inefficient. If you are in the 30.9% income tax bracket, an 8.50% annual return from an FD gets reduced to a net return of 5.87%. For 20.6% tax bracket, net return will be 6.75%, and 7.62% for those in the 10.3% bracket. Opt for an FD only if you are in the lowest tax bracket or have no tax liability..........

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