What are the FD interest rates for the next 5 years?

[Devansh]

How does a tax-saver fixed deposit in India provide tax benefits? Which banks offer these FDs, what are the requirements, and how would a ₹50,000 investment for 5 years be taxed, including the interest rate?

[Reema]

FD offers tax benefits under Section 80C, which allows deductions of up to ₹1.5 lakh. SBI and HDFC banks offer a 5-year lock-in facility. The current interest rate is 5.5% to 7.7%.

So in your case, the interest earned annually on ₹50,000 is fully taxable according to your income tax slab.