SBI online: Depositors can open tax saving FD account using their State Bank of India net banking facility
SBI online: Tax saving fixed deposit (FD) is one of the most attractive investment tool for investors who have low risk appetite. Like any other Indian bank, State Bank of India (SBI) also offers FD account to bank depositors. The largest Indian commercial bank also offer tax saver FD account with 5 years lock-in period. It allows depositors to open tax saving FD account using SBI net banking as well. Under Section 80C of the income tax act, a bank depositor is eligible for claiming income tax exemption on one's investment in bank fixed deposits for 5 years or more tenor.