Tax Saving FD: Even today there are many investors whose portfolio definitely includes Fixed Deposit scheme. Investment deposited in FD is considered secure. Guaranteed return is available on it.
Tax Saving FD: You get the option of FD in both bank and post office. FD is of different tenures. Usually there is no tax benefit on FD, but if you have invested money in FD with tenure of 5 years or more, then you can get tax benefit. This is called Tax Saving FD. If you also want to invest in this FD, then know here where you are getting better interest.
SBI
Talking about SBI, there common people are getting interest at the rate of 6.50% on tax saving FD. At the same time, senior citizens will be given interest at the rate of 7.50%.
Also Read- PPF Calculator: How much will you get if you deposit 1.5 lakh in 15 year? know here
PNB
- In PNB, on tax saving FDs with tenure of 5 years, general citizens are getting 6.5% interest and senior citizens are getting 7% interest.
- On FDs of 5 years to 1894 days, general people are getting 6.5% interest and senior citizens are getting 7% interest.
- On FDs of 1895 days, 6.35% interest is given and senior citizens are getting 6.85% interest.
- On the other hand, on FDs of 1895 days to 10 years, general people are getting 6.5% interest and senior citizens are getting 7% interest.
HDFC
On FDs of up to 5 years in HDFC Bank, general people are getting 7% interest and senior citizens are getting 7.5% interest. The same interest rate is applicable on FDs of 5 years to 10 years.
ICICI
General people are getting 7% interest and senior citizens are getting 7.5% interest on 5-year FD in ICICI Bank.
Post Office
Talking about post office, here you will get 7.5% interest on 5-year FD. You can invest anywhere by looking for any of these better deals.
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