5 Replies to “can i avail tax benefit on fixed deposite, if yes then which bank giving this service?”

  1. ICICI Bank Online
    How can I (if at all) avail the repatriability benefit? … Can I avoid paying tax by extending fixed deposite duration to 3 years or so and …www.icicibank.com/pfsuser/icicibank/nriservices/sawaljawab/28march.htm

  2. Go to any nationalised banks or a scheduled co-op bank like-

    1. SBI
    2. Bank of India
    3. Punjab National Bank
    4. Dena Bank
    5. Andhra Bank
    6. Bank of Maharashtra
    7. Cosmos Coop Bank
    8. Abhuday Coop Bank
    9. IDBI Bank
    10. ICICI Bank
    11.HDFC Bank

  3. Yes, Now tax benefit is allowed

    Up to Rs 1lakh of deduction can be availed on the fixed deposits made with any nationalised bank in India. So just go to any bank and put money for a fixed term of five years and claim that much amount as deduction from total income of that year.

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