Where will you get more interest on Tax Saving FD? See interest rates of SBI, PNB, HDFC, ICICI Bank and Post Office
Tax Free FD Interest Rates: Even today there are many investors whose portfolio definitely includes Fixed Deposit scheme. Investment deposited in FD is considered secure. Guaranteed return is available on it. You get the option of FD in both bank and post office. FD is of different tenures. Usually there is no tax benefit on FD, but if you have invested money in FD with tenure of 5 years or more, then you can get a tax benefit. This is called Tax Saving FD. If you also want to invest in this FD, then know here where you are getting better interest.
Talking about SBI, common people are getting interested at the rate of 6.50% on tax-saving FD. Senior citizens will be given interest at the rate of 7.50%.
In PNB, on tax-saving FDs with a tenure of 5 years, general citizens are getting 6.5% interest and senior citizens are getting 7% interest. On FDs of 5 years to 1894 days, general people are getting 6.5% interest and senior citizens are getting 7% interest. On FDs of 1895 days, 6.35% interest is given and senior citizens are getting 6.85% interest. On FDs of 1895 days to 10 years, general people are getting 6.5% interest and senior citizens are getting 7% interest.
In HDFC Bank, on FDs of up to 5 years, general people are getting 7% interest and senior citizens are getting 7.5% interest. The same interest rate applies on FDs of 5 years to 10 years.
In ICICI Bank, general people are getting 7% interest on 5-year FD and senior citizens are getting 7.5% interest.
Talking about post office, here you will get interest profit of 7.5% on 5-year FD. You can invest anywhere by looking for any of these better deals.