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