Tax-Saving Bank Fixed Deposits: SBI Vs ICICI Bank Vs HDFC Bank

INSUBCONTINENT EXCLUSIVE:
Premature withdrawals or loans are not allowed on tax-saving fixed deposits (FDs).Income tax-saving bank fixed deposits (FDs) help a
customer save on income tax outgo
Bank fixed deposits, which are hugely popular among investors, allow investors to save their money and earn an interest income on the same
Regular fixed deposits offer a premature withdrawal facility while tax-saving fixed deposits require a minimum lock-in period of five years
Premature withdrawals or loans are not allowed on tax-saving fixed deposits
Under Section 80C of the Income Tax Act, 1961, investors can claim a maximum of Rs 1.5 lakh as tax benefit through tax-saving fixed
deposits.(: Latest Bank FD Interest Rates Offered By SBI, HDFC Bank, ICICI Bank, Indian Overseas Bank)Banks like State Bank of India (SBI),
ICICI Bank and HDFC Bank have different interest rates for tax-saving fixed deposits
Given below are interest rates on tax-saving fixed deposits of SBI, ICICI Bank and HDFC Bank:Tax-saving fixed deposits interest rates of
State Bank of India (SBI)SBI tax-saving scheme requires a minimum deposit Rs
1,000 or multiples thereof
The maximum deposit should not exceed Rs
1,50,000 in a year, SBI said on its website, sbi.co.in
The minimum tenor is five years and the maximum is 10 years
28.02.2018Revised For Public w.e.f
28.03.2018Existing for Senior Citizens w.e.f
28.02.2018Revised for Senior Citizens w.e.f
28.03.20185 years and up to 10 years6.56.7577.25(: State Bank Of India Fixed Deposits - Latest Interest Rates On Offer)Tax-saving fixed
circumstances: in the event of any direction from any statutory and/or regulatory authority or deceased claim settlement cases
Here are the interest rates on tax-saving fixed deposits of ICICI Bank on deposits between Rs 1 crore and Rs 5 crore, according to its
day to 7 years6.67 years 1 day to 10 years6.6(: Key Changes In New ITR Forms For Assessment Year 2018-19)Tax-saving fixed deposits interest
rates of HDFC Bank: HDFC Bank revised interest rates on fixed deposits without a premature withdrawal facility with effect from April 10,
2018, said the bank on its website, hdfcbank.com
The following are the interest rates on non-withdrawable domestic term or fixed deposits for amounts equal more than Rs 5 crore:(: New
If the investor wants, he/she can reinvest the interest amount.