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.
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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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