Tax Saving: People have many options to save tax. People can invest in different schemes to save tax. Tax can also be saved through FD. In such a situation, here we are going to tell you about some FDs, from which apart from saving tax, you can also earn good interest. Let us know…
FD Rates: Every person in the country has to file income tax, whose income is taxable. At the same time, people also have many solutions to save income tax. These also include FD. People also like to get FD for tax saving. At the same time, if good interest is earned on FD then people also get a lot of benefit. In such a situation, let us know which bank is giving more interest on tax saving FD with lock-in of 5 years.
Tax saving
Tax saving FD scheme allows individuals to claim tax deduction of up to Rs 1.5 per year under Section 80C of the Income Tax Act. Tax saver FD has a lock-in period of 5 years. However, not all banks are offering the same interest rate on 5-year tax saver FD.
Tax saving FD
In September, 8 banks are offering higher interest rates than SBI on 5-year tax saving FD to general and senior citizens. While SBI is offering 6.5% interest on tax-saving FDs to general citizens and 7% to senior citizens, banks like HDFC Bank, IndusInd Bank, RBL Bank, Canara Bank and Axis Bank are offering higher interest.
These are the interest rates-
IndusInd Bank Tax Saving FD: It is giving 7.25% interest to general citizens and 8.00% interest to senior citizens.
RBL Bank Tax Saving FD: It is giving 7.1% interest to general citizens and 7.6% interest to senior citizens.
HDFC Bank Tax Saving FD: It is offering 7% interest to general citizens and 7.75% interest to senior citizens.
Canara Bank Tax Saving FD: It is offering 6.70% interest to general citizens and 7.20% interest to senior citizens.
Axis Bank Tax Saving FD: It is giving 7% interest to general citizens and 7.75% interest to senior citizens.
IDFC First Bank Tax Saving FD: It is offering 7% interest to general citizens and 7.5% interest to senior citizens.
Union Bank of India Tax Saving FD: It is offering 6.70% interest to general citizens and 7.20% interest to senior citizens.
ICICI Bank Tax Saving FD: It is offering 7% interest to general citizens and 7.50% interest to senior citizens.
PNB Tax Saving FD: It is offering 6.50% interest to general citizens and 7.30% interest to senior citizens.
Bank of Baroda Tax Saving FD: It is offering 6.50% interest to general citizens and 7.15% interest to senior citizens.
SBI Tax Saving FD: It is offering 6.50% interest to general citizens and 7.00% interest to senior citizens.
Punjab and Sindh Bank Tax Saving FD: It is offering 6.25% interest to general citizens and 6.75% interest to senior citizens.
IDBI Bank Tax Saving FD: It is offering 6.50% interest to general citizens and 7.00% interest to senior citizens.
