Tuesday, September 27, 2011

TOP 5 TAX SAVING FIXED DEPOSIT (FD)


Tax saving FDs offered by banks in India are good option for someone looking to save tax under Sec 80 C without taking any risk that is inherent in equity exposure that ELSS offers. So, if you are one of those conservative investors who want to save tax via FDs , then it would be pertinent to know which banks are offering you the best deal currently. 


Following are the 5 best Tax saving FDs that are being currently on offer ( as on Sept 11).


 Rank   Bank                                Rate On Int.(p.a.)  Rs 10000 will grow 
 1.   Tamilnad Mercantile Bank    10%                             Rs16386.
 2.    City Union Bank                   9.75%                           Rs 16186
 3.    IDBI Bank                            9.50%                           Rs 15991
 4.    Punjab And Sind Bank         9.50%                           Rs 15991
 5.    State Bank of Travancore   9.50%                           Rs 15991


Happy investing!!   

1 comment:

  1. Hi there,
    I didn't know that the rate of interest in india was so good! around 10% per year is very good! How is the stability of the indian rupee? Appreciating or depreciating?

    ReplyDelete