Tax saving FD: All taxpayers look for ways to save tax, and to save income tax, under rule 80C, depositing money in tax-saving FD is a better option. A maximum of Rs 1.50 lakh can be deposited in such schemes.

Always choose a bank or firm that gives you the maximum return on investment.  Here, we inform you about the banks that give the highest interest on FDs that save income tax. 

Before depositing your money in such schemes, always keep in mind that it has a lock-in period of 5 years, which means your money can be withdrawn only after 5 years.

Below are the top options

• Suryoday Small Finance Bank is currently giving 9.10 per cent interest to ordinary citizens. Apart from this, it is giving 9.60 per cent interest to senior citizens.
• Fincare Small Finance Bank is currently offering 8.00 per cent interest to general citizens. Apart from this, it is giving 8.60 per cent interest to senior citizens.
• SBM Bank is currently giving 7.65 per cent interest to ordinary citizens. Apart from this, it is giving 8.15 per cent interest to senior citizens.
• DCB Bank is currently giving 7.75 per cent interest to ordinary citizens. Apart from this, it is giving 8.25 per cent interest to senior citizens.
• Utkarsh Small Finance Bank is currently giving 7.50 per cent interest to ordinary citizens. Apart from this, it is giving 8.10 per cent interest to senior citizens.
• IndusInd Bank is currently giving 7.25 per cent interest to ordinary citizens. Apart from this, it is giving 7.75 per cent interest to senior citizens.
• Ujjivan Small Finance Bank is currently giving 7.20 per cent interest to ordinary citizens. Apart from this, it is giving 7.70 per cent interest to senior citizens.
• AU Small Finance Bank is currently giving 7.00 per cent interest to general citizens. Apart from this, it is giving 7.50 per cent interest to senior citizens.
• RBL Bank is currently giving 7.10 per cent interest to ordinary citizens. Apart from this, it is giving 7.60 per cent interest to senior citizens.
• Jana Small Finance Bank is currently giving 6.00 per cent interest to general citizens. Apart from this, it is giving 6.50 per cent interest to senior citizens.

Note: Banks can change their interest rates anytime. so, before getting FD, do check the interest rates once.

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