What SBI, PNB, HDFC Bank, ICICI Bank, and Post Office are offering in tax saving 1-year FD
Tax-Free FD Interest Rates: Many investors still choose Fixed Deposit (FD) schemes for their security and guaranteed returns. Both banks and post offices offer FDs, with a range of tenures to suit different needs.
Compare Interest Rates
If you’re considering investing in an FD with a tenure of one year, it's essential to compare interest rates to find the best option.
FD Rates
Various institutions provide competitive rates, and researching these can maximize your returns. Be sure to evaluate the features and benefits of different FDs before making a decision, ensuring your investment aligns with your financial goals and preferences.
SBI
At SBI, general customers receive an interest rate of 6.80 per cent on tax-saving FDs, while senior citizens enjoy a higher rate of 7.30 per cent.
PNB
In PNB, general citizens can earn 6.80 per cent interest on 1-year tax-saving FDs, while senior citizens receive 7.30 per cent.
HDFC Bank
HDFC Bank offers 6.60 per cent interest for general customers and 7.10 per cent for senior citizens on FDs up to 1 years.
ICICI Bank
At ICICI Bank, both general customers and senior citizens can earn 6.70 per cent and 7.20 per cent interest, respectively, on 1-year FDs.
Post Office
In the Post Office scheme, the interest rate on a 1-year FD is 6.9 per cent.