If you are planning to invest for tax saving in the last minute and also want to get more interest, then let us tell you some such banks where you can invest in fixed deposits.
1. This FD will give you the benefit of returns along with tax saving. Under this, you can claim exemption under Section 80C of Income Tax Act 1961.
2. Tax benefit on Fixed Deposit is given on a lock-in period of five years. Under this, you can save tax up to Rs 1.5 lakh.
3. Axis Bank is paying interest up to 7% on five-year FD, Bandhan Bank 5.85% and Bank of Baroda tax saving FD up to 6.5%. At the same time, Canara Bank will give 6.5% interest on tax saving FD.
4. If we talk about Central Bank of India, then it is offering 6.25% interest, HDFC Bank tax saving FD 7% and DCB Bank 7.6% interest.
5. Federal Bank 6.6%, ICICI Bank will also give 7% interest on tax saving FD. Punjab National Bank will give 6.5 percent interest. State Bank will give 6.5 percent interest.
By ntexpress
