SBI tax saver FD scheme

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Ashish Kr Mishra (Querist)
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20 December 2009 Sir is there any SBI tax saver FD scheme available? If yes what r the int. rates, maturity period etc.? At which extent amt can be invested in it and tax benefit can be obtained?

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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20 December 2009 You have to make FD for 5 years for which limit is Rs.1 Lac to get exemption u/s 80C.

Ashish Kr Mishra

Ashish Kr Mishra (Querist)
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21 December 2009 Thanks a lot.....but one thing i wanna know that what will be beneficial SBI tax saver FD or SBI tax saver mutual fund?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 December 2009 FD has a promised and guaranteed return whereas Mutual fund returns are varying depending on the NAV.

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