Tax Free FD Interest Rates: Even today, there are many investors whose portfolio includes Fixed Deposit Scheme. The investment deposited in FD is considered secure. It gives guaranteed returns.
You get the option of FD in both banks and post offices. FDs are of different tenures. Usually, there is no tax benefit on FD, but if you have invested money in FDs with tenure of 5 years or more, then you can avail tax benefits. This is called Tax Saving FD. If you also want to invest in this FD, then know here where you are getting better interest.
SBI
Talking about SBI, general people are getting 6.50% interest on tax saving FD. Senior citizens will be given 7.50% interest.
PNB
In PNB, on tax saving FDs with 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 citizens 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 citizens are getting 6.5% interest and senior citizens are getting 7% interest.
HDFC
HDFC Bank is giving 7% interest to general people and 7.5% interest to senior citizens on FDs up to 5 years. The same interest rate is applicable on FDs from 5 years to 10 years.
ICICIĀ
In ICICI Bank, general people are getting 7% interest and senior citizens are getting 7.5% interest on 5-year FD.
Post Office
Talking about post office, here you will get 7.5% interest rate on 5 year FD. You can invest anywhere by looking at any of these better deals.
