Tax Saving FD Interest Rates: These banks are offering best interest on tax saving FD in May 2024, check rates

Tax Saving FD: If senior citizens are looking for a safe investment for a long time, then a 5-year tax saving FD can be useful for you. A five-year FD is eligible for tax exemption under Section 80C. Also, the money remains safe and the returns are good.

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Tax Saving FD : If senior citizens are looking for a safe investment for a long time, then a 5-year tax saving FD can be useful for you. Tax exemption is available on five-year FD under section 80C. Also, the money remains safe and the returns are good. Tax exemption of up to Rs 1.50 lakh is available under 80C. Here we know the rates on five-year FD.

These banks are giving the highest interest on FDs of five years

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%

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