can we break tax saver fixed deposit?
Yes, you can break a tax-saver fixed deposit, but not before its 5-year lock-in period. It’s quite different from a normal FD. You can’t just close it early if you need money. For example, I once opened a ₹1 lakh tax-saver FD to claim a deduction under Section 80C, but later, when I needed funds urgently, the bank clearly told me it could only be withdrawn after 5 years. So, if there’s even a small chance you’ll need the money sooner, it’s better to go for a regular FD instead.