These Major Banks Will Offer Incredible Returns On Fixed Deposits: Find Out Which Banks They Are | Paisa Live

Every investor should consider including a fixed deposit (FD) scheme in their portfolio, as FDs are viewed as secure investments. While FDs typically don’t provide tax benefits, investing in an FD with a tenure of five years or more may qualify you for tax advantages. Some banks offering attractive interest rates on tax-saving FDs include the State Bank of India (SBI), which provides 6.50% for regular customers and 7.50% for senior citizens. Punjab National Bank (PNB) offers 6.50% for customers and 7% for senior citizens on 5-year tax-saving FDs. HDFC Bank provides 7% for customers and 7.5% for senior citizens on FDs with a 5-year tenure, while ICICI Bank offers the same rates. Additionally, the Post Office provides a 7.5% interest rate for 5-year FDs. These options ensure guaranteed returns, making them solid choices for fixed deposit investments.