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    Fixed Deposit Interest Rates: Check what SBI, PNB, ICICI, Axis and HDFC Bank are offering on FDs

    Fixed Deposit Interest Rates: Check what SBI, PNB, ICICI, Axis and HDFC Bank are offering on FDs

    Fixed Deposit Interest Rates: Check what SBI, PNB, ICICI, Axis and HDFC Bank are offering on FDs
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    By Suman Singh   IST (Published)

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    Fixed deposits (FDs) are among the most popular tax-saving options available in the market because they are less risky and offer guaranteed income.

    Fixed deposits (FDs) are among the most popular tax-saving options available in the market because they are less risky and offer guaranteed income.
    Under section 80C of the Income Tax Act, an individual can claim tax deduction up to a maximum of Rs 1.5 lakh. There is no cap on the money that can be invested for a fixed period. However, the money invested cannot be withdrawn until the end of the tenure. Fixed deposit schemes are available both at banks, as well as, post offices for a period ranging from seven days to 10 years.
    Here are the key fixed deposit rates offered by India's leading banks:
    State Bank of India:
    Punjab National Bank:
    ICICI Bank:
    Axis Bank:
    HDFC Bank:
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