Tax Saving FD: Are you also looking for Tax Saving FD to save tax? If senior citizens are looking for safe investment for long term, then 5 year tax saving FD can be useful for you. Tax exemption is available on five year FD under section 80C.
Tax Saving FD : Are you also looking for Tax Saving FD to save tax? If senior citizens are looking for safe investment for long term, then 5 year tax saving FD can be useful for you. Tax exemption is available on five year FD under section 80C. Tax exemption up to Rs 1.50 lakh is available under 80C. Know here the rates on five year FD.
These banks are giving highest interest on five move FD
1. HDFC Bank
Interest rate on 5 year FD: 7%
2. ICICI Bank
Interest rate on 5 year FD: 7%
3. Axis Bank
Interest rate on 5 year FD: 7%
4. Canara Bank
Interest rate on 5 year FD: 6.7%
5. Union Bank of India
Interest rate on 5 year FD: 6.7%
6. State Bank of India
Interest rate on 5 year FD: 6.5%
7. Punjab National Bank
Interest rate on 5 year FD: 6.5%
8. Bank of Baroda
Interest rate on 5 year FD: 6.5%
9. Indian Bank
Interest rate on 5 year FD: 6.25%
10. Bank of India
Interest rate on 5 year FD: 6%
Also Read-
- What is masked Aadhaar? How you can keep your data private with this
- Pension Calculator: How much pension will you get from PF account, understand the complete calculation here
- Public Holiday: Big news! All offices and schools will remain closed in these states on Friday
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
