New Delhi: Many times people want to save income tax, but they do not find any good and safe option, due to which they do not invest their money anywhere. But there are many tax saving schemes, on which investors get good returns along with tax savings. One such option is a tax-saving fixed deposit scheme. Investors investing in tax saving FD get tax exemption. Apart from this, they also get the benefit of predetermined interest. Let us know in detail about some such tax-saving fixed deposit schemes, which are also giving huge returns.

Tax exemption will be available under section 80C

Many small finance banks are still offering more than 8% returns on FDs maturing in five years. In such a situation, you can make long-term FD investments before the reduction in FD interest rates. You can invest up to Rs 1.5 lakh in tax-saving fixed deposits and claim a tax deduction on it under section 80C (the old tax system) while filing an income tax return (ITR).

These banks are giving more than 8 percent return

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering a return of 7.75% on tax-saver FDs maturing in maturity.

Unity Small Finance Bank
Unity Small Finance Bank is offering an interest rate of 8.15% on ta ax-saving fixed deposit scheme.

Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering an interest rate of 8.25% on tax-saver FDs.

You can gain profit through these options

Let us tell you that investing in tax saving schemes is an important part of financial planning and management. Through this, you can achieve your financial goals by increasing tax deduction benefits and disposable income. Apart from tax saving FD, you can also avail of tax deduction benefits by investing in home loan, medical insurance or mediclaim, tax-loss harvesting, tax saving mutual funds, life insurance, and small savings schemes like Senior Citizen Saving Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Pension Scheme (NPS), Public Provident Fund (PPF).