Most banks often provide tax-saving FDs with a choice of cumulative interest or non-cumulative choices.
1. IndusInd Bank
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2. RBL Bank
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RBL Bank offers the greatest rate of return for 2- to 3-year FDs at 6.5 percent, although the interest rate on tax-saving plans is somewhat lower at 6.3 percent. Seniors who invest in RBL Bank's tax-saving FDs receive a return of 6.8.
3. IDFC First Bank
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4. HDFC and ICICI Bank
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