Save Tax, Grow Wealth
with Tax Saver FD

A Tax Saver Fixed Deposit is a type of FD that offers tax benefits under Section 80C of the Income Tax Act, 1961. You can invest up to ₹1.5 lakh per year and enjoy tax deductions. This FD comes with a fixed 5-year lock-in period. The tax benefit is available only for customers who have opted for the old tax regime.

• Invest a lump sum amount (₹10,000 to ₹1.5 lakh) for 5 years
• Earn fixed interest throughout the tenure
• Claim up to ₹1.5 lakh deduction under Section 80C
• Interest earned is taxable
• No premature withdrawal or auto-renewal allowed

• Available to resident individuals and Hindu Undivided Families (HUFs)
• Joint accounts are allowed, but only the first holder gets the tax benefit
• Offered by public and private sector banks (excluding co-operative/rural banks)

• Attractive FD interest rates
• Tax benefit up to ₹1.5 lakh under Section 80C
• Start with just ₹10,000
• Flexible interest payout: monthly, quarterly, or reinvestment option

• Interest is fully taxable as per the applicable slab
• 5-year mandatory lock-in Investment range: ₹10,000 – ₹1.5 lakh
• Only one-time lump sum deposits allowed
• No auto-renewal or premature withdrawal
• Nomination facility available

To reduce or avoid TDS on your FD interest:

• Submit Form 15G (or Form 15H for senior citizens) if total income is below taxable limit
• Keep FD interest below ₹50,000 per year (₹1,00,000 for senior citizens)
• Plan deposits so interest stays within the TDS threshold during the financial year

*Assured returns are subject to change due to Tax Deducted at Source (TDS), wherever applicable.