5-year FD is known as tax saving FD. In this, you get the benefit of section 80C of Income Tax Act. Under section 80C, you can claim a deduction of Rs 1.5 lakh from your total income. You will get the option of this FD from bank to post office. Its interest rate may be different in different banks and post offices. Know how much return will be available on FD of Rs 1,00,000 in SBI, PNB, Canara Bank and Post Office.
How much return in SBI
SBI is getting 6.75% interest on 5-year FD. At the same time, senior citizens are being given 7.25% interest. In such a situation, on depositing Rs 1,00,000, a common man will get Rs 1,39,749 as maturity amount. Senior citizens will get Rs 1,43,226 on maturity at the rate of 7.25% interest
How much return in PNB
Talking about PNB, here 6.50% interest is being given on 5-year FD. At the same time, senior citizens are being given 7.00% and super senior citizens are being given 7.30% interest. In such a situation, on depositing Rs 1,00,000, general people will get Rs 1,38,042, senior citizens will get Rs 1,41,478 and super senior citizens will get Rs 1,43,578 as maturity amount.
How much return in Canara Bank
General people are being given 6.80% and senior citizens 7.30% interest on 5-year FD in Canara Bank. In such a situation, if we calculate, then general citizens will get Rs 1,40,094 and senior citizens will get Rs 1,43,578 as maturity amount.
How much return in Post Office
If you invest Rs 1,00,000 in Post Office FD, then you will be given interest at the rate of 7.5%. In such a situation, after 5 years you will get a maturity amount of Rs 1,44,995.
