Tax saver bank FD

POSTED BY Neeta Hatekar ON February 25, 2013 12:06 pm COMMENTS (3)

I wish to know that which is the highest interest fetching tax saver bank FD? which bank issues it?

3 replies on this article “Tax saver bank FD”

  1. Biku Barat says:

    The IDBI Subidha Tax Savings FD gives 9% to normal citizens and 9.75% senior citizens. If you are not a senior citizen and belongs to 10% tax bracket then after investing Rs 10,000 in it for 5 years you shall get pre-tax return of Rs. 15,605 and a post tax return of Rs 15028. Actual compound interest rate is (after tax) 8.23%

  2. Dear Neeta, What’s your current Tax slab? Do you know, interest earned from Tax saver FDs is taxable? Instead of running around for just 0.1 or 0.25% higher interest on Tax Saver FDs, please open it with your existing bank to save you both, leg work as well as mental work.

    Thanks

    Ashal

  3. Vineeth Govind says:

    As per my knowledge, its IDBI

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