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Fixed Deposit rates: Here's a list of 10 banks offering best returns on 5-year FDs

IndusInd Bank tops private banks with a 6.75% interest rate on five-year FDs, while Canara Bank leads public sector banks with 6.5%

As NRO deposit rates go up, these banks offer up to 7.7% interest on five year tenor

The average interest rates of top 10 banks is 7.07 percent for fixed deposits with five-year tenor, according to data compiled by BankBazaar

Fixed Deposit Rates: These banks offer up to 7.5% interest for 5-year tenor

The average interest rates of top 10 banks is 6.9 percent for FDs with tenor around 5 years, according to data compiled by BankBazaar

These private sector banks offer the highest interest rates on tax-saving fixed deposits

A host of smaller and new private sector banks are offering higher interest rates on tax-saving FDs to garner new deposits

Tax-Saving Investments: These private banks offer up to 6.5% interest on tax-saving fixed deposits

Smaller private banks top the FD interest rate charts on tax-saving deposits

ELSS -A key for tax saving and long term financial planning

It is now possible to do both tax planning and long term financial planning together. An analysis by CRISIL suggests that if one is willing to take some risks, Equity Linked Savings Schemes (ELSS) offered by mutual funds provides an opportunity to generate attractive long term returns.