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As per Section 80C of the Income Tax Act, 1961, you can claim an exemption of up to INR 1.5 lakhs for investment under various schemes in a financial year. This amount can be spread out over different saving schemes or can be invested in a single scheme. The said exemption is only available for the money invested in tax saving FD. When you deposit money in a normal FD, it will be a long-term saving plan. But it will not get you any tax exemptions.