It is the season of planning your tax related investments and most of you shall be busy in identifying where to invest and which insurance policy to purchase.
One of the instrument which gives benefit under Section 80C of the Income Tax Act is 5 year tax saving fixed deposit. Many find this a good instrument against other available options, since this is risk-free investment.
To enable you to choose the best 5 year tax saving fixed deposit on offer, Bachhat has updated its page on interest rates offered by banks on fixed deposits. One can have a look at it here.
List of banks offering best rates on 5 year tax saving fixed deposit:
|
Banks
|
Interest Rates
|
|
Dhanlaxmi
Bank
|
10.10
|
|
Oriental
Bank of Commerce
|
9.75
|
|
Tamilnad
Mercantile Bank
|
9.75
|
|
City
Union Bank
|
9.50
|
|
IDBI
Bank
|
9.50
|
|
Karnataka
Bank
|
9.50
|
|
State
Bank of Bikaner & Jaipur
|
9.50
|
|
State
Bank of Travancore
|
9.50
|
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