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:
    February 25, 2013 at 6:24 pm

    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%

    Reply
  2. Ashal Jauhari says:
    February 25, 2013 at 1:32 pm

    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

    Reply
  3. Vineeth Govind says:
    February 25, 2013 at 12:38 pm

    As per my knowledge, its IDBI

    Reply

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