Tax Saving Fixed Deposits: SBI has offered Tax Saving FDs, which have a lock-in period of five years.
If you also want to open this FD, then you can open this account through net banking facility of SBI. In this, you can also take tax exemption under section 80C of income tax on investments.
The country’s largest public sector bank SBI has given a tremendous gift to the customers. The bank has increased the interest rate on tax saving fixed deposits. There are many other benefits of this FD.
Tax Saving Fixed Deposits are one of the most reliable means of investment. This is a better investment for those investors who want to earn profit at zero risk. Like other banks, SBI is also offering tax saving FDs for its customers.
Tax exemption will also be available
The tax saving FD that SBI is offering has a lock-in period of just five years. If you are also interested in this special offer and want to open more tax saving FD, then you can open it through net banking facility of SBI. The most important thing is that in this, tax exemption can also be taken under section 80C of Income Tax.
Know FD interest rates
- Significantly, SBI has revised the interest rates on long-term FDs.
- Interest will be available from 5.10 percent to 5.40 percent on FDs of one year to 10 years.
- Under this, the interest rate on FDs of more than two years and less than three years will be increased from 5.10 percent to 5.20 percent.
- The rate has been increased from 5.30 per cent to 5.45 per cent for a period of three to five years.
- Similarly, SBI has also increased the interest rate on tax saving FDs from 5.40 percent to 5.50 percent.
How to open tax saving FD
- For this, first of all go to SBI website and open net banking.
- Now click on e-TDR/ESTDR under FD tab.
- Now go to Income Tax Savings Scheme and click on E-TDR / ESTDR.
- Now you click on the Proceed button.
- Now after selecting the account and amount, click on the term and condition option and then click on the submit button.
- Now click on confirm option.
- Now a page will open in front of you on which you will get all the information.
