Senior citizens highest interest on FD: Big news! Senior citizens are getting the highest interest on FD here, see full list

Senior citizens highest interest on FD: The month of March has come to its last stop. In such a situation, it is necessary to invest now to get the benefit of tax exemption in the financial year 2022-23.

Senior Citizen Tax Saving FD: If you are above 60 years and are looking for a safe tax saving investment option, then tax saving FD can be a great option.

You can get a rebate of Rs 1.5 lakh under section 80C of income tax by investing in tax saving FD for a total of 5 years. Let us give information about those banks, which are offering the highest interest rates to their customers.

• Private sector DCB Bank (DCB Bank) is offering 8.10 percent interest rate tax saving to senior citizens.
• Axis Bank, IndusInd Bank and Yes Bank are offering tax saving FD 7.75% interest rate to senior citizens.
• HDFC Bank, ICICI Bank and RBL Bank are offering 7% interest rate on tax saving FDs to senior citizens.
• The thing to note is that you will have to pay tax on the interest earned on these FDs as per the tax slab.

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