TAX-SAVING FIXED DEPOSITS

5 PSU BANKS OFFERING HIGHEST RETURNS ON TAX SAVING FDS

Published By Livemint | 26 Nov, 2022

Tax-saving fixed deposits are one of the most secured options to reduce tax burden

Credit : pexels

UBI offers 6.7% interest on tax-saving FDs with a 5-yr term

Union Bank of India

It offers 6.5% of regular and 7% rate for elderly persons on tax saving FDs of 5 yrs

Canara Bank

It offers FD interest of 6.4% for general public, 6.9% for senior,7.15% for super senior citizens

Indian Overseas Bank

The bank provides 6.4% interest rate to general and 6.9% to senior citizens

Indian Bank

It is giving 6.25% interest rate and additional premium of 25 bps to senior citizens on their retail TD

Bank of India