Indian Millennium Deposit Scheme

Calculator,banknotes and notebook with the word DEPOSIT on red background. Business concept.

The primary benefit of investing in IMDs is that they offer higher returns than other fixed deposits with similar tenures. Moreover, returns are also exempt from tax under Section 80C of the Income Tax Act, of 1961. This makes IMDs an ideal option for investors looking to earn higher returns while keeping their investments secure and tax-free.