Saving is very important for everyone. The money saved in savings is useful for us in any emergency or bad times. Although there are many types of schemes for saving, but most of the people still rely on Bank FD the most for savings .
One of the biggest reasons for this is that the bank’s FD There is absolutely no risk in the schemes and your investment money is absolutely safe. However, many times there are complaints from bank FDs that the interest received in these is very less. In such a situation, we have brought a list of some private banks for you, in whose FD schemes you will be able to get the benefit of much better interest rate.
Explain that under Section 80C of the Income Tax Act, tax deduction can be claimed on investments up to Rs 1.5 lakh. Tax saving FDs have a lock-in period of five years and premature withdrawal is not allowed.
DCB Bank FD Plan
DCB Bank , the leading private sector bank , is offering an interest rate of 7.6 per cent per annum to its customers. If we talk about the interest offered by private banks on FDs, then this interest rate is the highest. If you invest Rs 1.5 lakh in this bank’s FD scheme with a tenure of five years, then this amount will grow to Rs 2.19 lakh.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank and AU Small Finance Bank offer an interest rate of up to 7.20 per cent on tax saving deposits. Among small finance banks, both DCB Bank and Ujjivan Small Finance Bank offer the highest interest rates. If you invest Rs 1.5 lakh in the FD scheme of this bank, it grows to Rs 2.14 lakh in five years.
Deutsche Bank FD Scheme
Private sector bank Deutsche Bank offers 7% interest on FD schemes to its customers. Please tell that Deutsche Bank is not an Indian bank but a foreign bank. This bank offers the highest interest rate in the list of foreign banks operating in India. If you invest Rs 1.5 lakh in this bank, it will grow to Rs 2.12 lakh in five years.
IndusInd Bank
IndusInd Bank, one of the leading private banks in India, is also providing interest benefits of 6.75 per cent to its customers. If you invest Rs 1.5 lakh in this bank, it will grow to Rs 2.10 lakh in five years. At the same time, Suryoday Small Finance Bank is also providing the benefit of interest at the rate of 6.75 percent to its customers. If you invest Rs 1.5 lakh in this bank, it will grow to Rs 2.10 lakh in five years.
