Tax Saving FD: The month of March has come to its last stop. In such a situation, it is necessary to invest now to get the benefit of tax exemption in the financial year 2022-23.
Senior Citizen Tax Saving FD: If you are above 60 years and are looking for a safe tax saving investment option, then tax saving FD can be a great option. You can get a rebate of Rs 1.5 lakh under section 80C of income tax by investing in tax saving FD for a total of 5 years. Let us give information about those banks, which are offering the highest interest rates to their customers.
Private sector DCB Bank (DCB Bank) is offering 8.10 percent interest rate tax saving to senior citizens. Axis Bank, IndusInd Bank and Yes Bank are offering tax saving FD 7.75% interest rate to senior citizens.
HDFC Bank, ICICI Bank and RBL Bank are offering 7% interest rate on tax saving FDs to senior citizens. The thing to note is that you will have to pay tax on the interest earned on these FDs as per the tax slab.
