INSUBCONTINENT EXCLUSIVE:
Using this special type of fixed deposit or FD, investor can obtain a deduction up to Rs 1.5 lakh from taxable income in a financial year
Bank6.25%6.75%Bank of Baroda6.70%6.70%HDFC Bank7.25%7.75%ICICI Bank7.25%7.75%(Source: Bank websites)State Bank of India (SBI)The country's
five-year tax-saving fixed deposit, PNB Tax Saver FD, state-run bank pays interest at rate of 6.25 per cent to general public and 6.75 per
6.7 per cent on investment in tax-saving fixed deposit - Baroda Tax Savings Term Deposit - with effect from November 1 , 2018, according to
lender's website - bankofbaroda.com
Baroda country's second-largest public sector bank, after State Bank of India.ICICI BankICICI Bank offers interest at rate of 7.25 per cent
to general public, and 7.75 per cent to senior citizens, on deposits in five-year tax-saving fixed deposits, called 5-Years Tax-Saver FDs,
according to lender's website - icicibank.com.HDFC BankHDFC Bank pays interest at rate of 7.25 per cent to general public and 7.75 per cent
from such FD accounts before completion of five years from date of issue
In other words, investment in these fixed deposits - tax-saving FDs - is locked in for a period of five years from date of issue, which
