These Top 5 banks are giving the highest interest on Tax Saving Fixed deposits.
Investing in Tax Savings FD Schemes gives the benefit of tax exemption under Section 80C of Income Tax.
Almost all major banks in the country offer investors the option of opening a Tax Savings Fixed Deposit account.
Let us know about the top 5 banks in India which offer you the highest interest rate on Tax Savings FD.
1- SBI Tax Savings FD: State Bank of India is offering an interest rate of 6.50% on Tax Savings FD.
2- HDFC Tax Savings FD: The latest interest rate on HDFC Bank's tax-saving FD is 7 percent.
3- ICICI Tax Savings FD ICICI Bank is offering an interest rate of 7 percent on Tax Savings FD.
4-Axis Bank Tax Savings FD The latest interest rate on Axis Bank's Tax Savings FD is 7 percent.
5- IndusInd Bank Tax Savings FD: IndusInd Bank is offering an interest rate of 7.25 percent on Tax Savings FD.
You can open a tax-saving FD account with a minimum investment of Rs 100 and a maximum of Rs 1.5 lakh.