FD News: As you know. That this is the duty of every responsible citizen. That if it comes under the purview of Income Tax. So he should definitely pay tax. If your income is also taxable income. So you must pay tax. On the contrary, people also have many ways to save income tax. Today we are going to talk about this. One of these methods is FD. Along with tax saving, people also like to get FD done.

Do you also want to get tax saving FD?

At the same time, if more interest is earned on FD, then people also get a lot of benefit. Today we will tell you which bank is giving lock in interest. As you know. That under Section 80c of the Income Tax Act, there is permission to claim tax deduction up to Rs 1.5. Tax saver FD has a lock in period of 5 years. In the month of September, eight big banks are offering higher interest than SBI on 5-year tax saving FD to general and senior citizens. We would like to inform you for your information. That SBI Bank is offering 6.5% interest rate on Tax Saving FD to general citizens and 7% interest rate to senior citizens.

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Tax Saving FD interest rates from major banks of the country

• In SBI Tax Saving FD, interest is being offered at the rate of 6.50% to general citizens and 7.00% to senior citizens.
• In Punjab and Sindh Bank Tax Saving FD, interest is being offered at the rate of 6.25% to general citizens and 6.75% to senior citizens.
• In IDBI Bank Tax Saving FD, interest rate is being offered at the rate of 6.50% to citizens and 7.00% to senior citizens.
• In IndusInd Bank Tax Saving FD, interest is being offered at the rate of 7.25% to general citizens and 8.00% to senior citizens.
• HDFC Bank Tax Saving FD is offering interest at the rate of 7% to general citizens and 7.75% to senior citizens.
• In Canara Bank Tax Saving FD, interest is being offered at the rate of 6.70% to general citizens and 7.20% to senior citizens.
• In Axis Bank Tax Saving FD, interest is being given at the rate of 7% to general citizens and 7.75% to senior citizens.
• In ICICI Bank Tax Saving FD, interest is being given at the rate of 7% to general citizens and 7.50% to senior citizens.
• In Bank of Baroda Tax Saving FD, interest is being given at the rate of 6.50% to general citizens and 7.15% to senior citizens.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: September 21, 2023

Posted By Rahul Bhardwaj

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