look news india
Tax Saving FD: Are you also looking for tax saving FD to save tax? If senior citizens are looking for a safe long-term investment, then a 5-year tax saving FD can be useful to you. Tax exemption is available on five year FD under section 80C. Under 80C, tax exemption up to Rs 1.50 lakh is available. Know the rates on five year FD here.
These banks are giving highest interest on five stage 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%