Only risk-averse investors should opt for tax-saver fixed deposits

PPF, ELSS and SCSS are more attractive options that will also get you Section 80C benefit

• For conservative investors, one option that combines safety with tax benefit is the five-year tax-saving fixed deposit
• It comes with a lock-in of five years. Deduction of up to Rs 150,000 is available under Section 80 C
• However, do give thought to whether you are being compensated adequately for allowing your money to be locked in for five years
• SBI’s one-year fixed deposit rate is 6.80 per