5 Banks Offering Higher Interest Rates on Tax Saving FDs

Bank tax Savings Fixed Deposits are one of the safest investment avenues to consider for savings under 80C of the IT Act.

One can save tax by investing in Bank Tax Savings Fixed Deposits, where the only problem is the 5-year lock-in, as compared to three years in ULIPs or ELSS.

If you are among those set of investors who have ample liquidity and wish to invest in instruments that saves tax for you.

Here is a look at some such tax saving deposit scheme of different public and private sector banking institutions that currently are offering highest returns.

{photo-feature}