SBI Tax Saver FD With 80C Benefits: Rs 5 lakh investment in 5-year FD may effectively reward you with Rs 3.40 lakh; know how
SBI offers different fixed desposit (FD) schemes, of which the most the most popular are the 400-day Amrit Kalash Scheme, 1-year FD, 3-year FD, and 5-year FD. It provides the highest interest in the Amrit Kalash scheme at 7.10 per cent. The interest rates in the 1-year, 3-year, and 5-year FDs are 6.80 per cent, 6.75 per cent, and 6.50 per cent, respectively.
![SBI Tax Saver FD With 80C Benefits: Rs 5 lakh investment in 5-year FD may effectively reward you with Rs 3.40 lakh; know how](https://cdn.zeebiz.com/sites/default/files/2024/05/22/295007-indian-currency-take-unsplash.jpg?im=FitAndFill=(1200,900))
The 5-year FD of SBI also provides tax exemption under Section 80C of the Income Tax Act, 1961. Photo: Unsplash/Representational