Tax Saving FDs: Today we are going to tell you about the list of those banks which are giving the benefit of high interest rates on tax saving FD scheme, let us check the list in the news below.
Nowadays, there are many investment options available, but even today many people prefer to invest in fixed deposit schemes. If you want to avail the benefits of tax saving along with savings, then you can invest in Tax Saving FD Scheme . Under these schemes, you get exemption of up to Rs 1.5 lakh under Section 80C of Income Tax. FDs with a tenure longer than 5 years are called tax saving FDs . You can claim this exemption while filing ITR. We are telling you about those banks which are offering high interest rates on tax saving FD schemes.
1. DCB Bank Tax Saving FD Scheme
Private sector bank DCB Bank is offering 5 year tax saving FD at an interest rate of 7.40 percent to its general customers. During this period, 7.90 percent interest rate is being offered to senior citizens.
2. Yes Bank Tax Saving FD Scheme
Yes Bank is offering 7.25 percent interest rate on FD of 60 months i.e. 5 years to ordinary citizens for investing in its tax saving FD scheme. This senior citizen is being offered 8.00 percent interest rate during this period.
3. Axis Bank Tax Saving FD Scheme
Big private sector bank i.e. Axis Bank is offering 7.00 percent interest rate to its common citizens on 60 months i.e. 5 years tax saver FD scheme. Meanwhile, senior citizens are being given the benefit of 7.75 percent interest rate.
4. IndusInd Bank Tax Saving FD
IndusInd Bank is offering 7.25 percent interest rate to common citizens on 60 months i.e. 5 years tax saver FD scheme. Meanwhile, 7.25 percent interest rate is being offered to senior citizens during this period.
5. HDFC Tax Saving FD
Big private sector bank HDFC Bank is offering interest rate of up to 7 percent in tax saving FD scheme to its common citizens. At the same time, 0.50 percent higher interest rate is being offered to senior citizens during this period.
