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Tax Saving Deposits

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These banks offer interest rates of up to 7% on tax-saving FDs

Tax-saving bank fixed deposits is a popular instrument for those in the lower tax brackets and also who are closer to their retirement, for capital protection. Leading banks such as Axis Bank, HDFC Bank and ICICI Bank are offering the best interest rates.
Cut lock-in period for tax saving deposits to 3yrs: Bankers

Bankers demanded that lock-in period for tax saving deposits be brought down to three years from five years to channelise more funds into the banking sector.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

Tax Saving Deposits

These banks offer interest rates of up to 7% on tax-saving FDs

Cut lock-in period for tax saving deposits to 3yrs: Bankers