Jan 4, 2013

80C Tax Saving 5 yr Fixed Deposit Rates comparison

Note : This info is for assessment year 2013-14 only ( financial year 2012-13 ).
Tax Saving 5 yr Fixed Deposit have 5 year locking period. You could invest Rs. 1 lakhs in this under 80 C of Indian Income Tax . The comparison is here.

HDFC - 8.75 pct
Federal Bank - 8.75 pct
SBT - 8.5 pct
ICICI - 8.5 pct
Axis Bank - 9 pct

These rates are not for Senior Citizens who might get a +.25 or +.5 pct more. You don't have to open a savings account for investing in the tax saving deposit scheme.

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