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Tax Saving FD: These 10 banks are giving best interest on FD, check details

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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%

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Sunil Kumar
Sunil Kumar
Sunil Sharma has 3 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done B.Com in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @sunil.izone@gmail.com
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