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Tax-saving FDs News

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HDFC Bank offers a 7 percent interest rate for regular investors. PNB joins the list with a 6.5 percent interest rate for the general public. SBI provides a 6.5 percent interest rate for regular public investors.
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Under this tax-saving programme, the minimum tenure or lock-in period for deposits is 5 years. A maximum tax exemption of Rs.1.5 lakh is available. Unlike other market-linked securities, the tax-saving fixed deposit provides guaranteed returns with minimal risk






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