Highest tax-saving FD interest: Senior citizens can earn up to 7.75% rate, Up to 7.25% interest for public; full list of banks

Tax-saving fixed deposits (FD): There are several banks which offer more than 7% interest on tax-saving FD. However do note that if you have chosen the old tax regime then only under section 80C of the Income-tax Act, 1961 you may claim a tax deduction. The interest earned from tax-saving FD is always taxable.

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