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Enjoy Tax Deductions of up to ₹1.5 Lakhs with the RBL Bank Tax-saver FD!
The RBL Bank tax-saver FD allows you to earn higher returns and save taxes simultaneously. This fixed deposit comes with a fixed tenor of 5 years (lock-in) and enables you to claim deductions under Section 80C of the Income Tax Act of 1961. Learn about the RBL Bank tax-saver FD, interest rates, and benefits before investing.
You can open a tax saver FD account online through a simple application process
These FDs come at attractive interest rates of up to 7.10% p.a. for enhanced returns
Senior citizens can enjoy an additional 0.50% p.a. on RBL Bank tax-saver FD rates
Tax Saver FDs allow you to claim tax deductions of up to ₹1.5 Lakhs per financial year u/s 80C
Share the nominee’s details with the bank to avoid hassles later
The interest income you earn will be subject to a TDS of 20% if you fail to provide PAN details to the issuer.
Here is a list of documents you need to submit when you apply for an RBL Bank tax-saver FD:
Proof of identity
Proof of address
PAN card
Aadhaar card
Form 60 or Form 61
If you are looking to maximise your returns by opting for a tax saver FD, you can compare offers from different issuers at Bajaj Markets. This could help you apply for the best-fixed deposit online without any hassle.
The minimum and maximum tenor of an RBL Bank tax-saver FD is 5 years.
An individual over 60 years of age can book a senior citizen’s tax saver FD at RBL Bank. They will be eligible to get an additional 0.50% p.a. on RBL Bank tax-saver FD interest rates.
No. The RBL Bank tax-saver FD has a lock-in period of 5-years. Hence, the bank does not allow full or partial premature withdrawals.
Yes, you need to pay TDS on interest earned through the RBL Bank tax-saver FD.
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