FD interest of up to 7.9%: Want higher rate on your tax-saving FD? Book it right now

This may be your last opportunity in FY2024 to lock in a tax-saving fixed deposit (FD) at higher interest rates before banks revise them downward. Tax-saving FDs let you invest up to ₹1.5 lakh for Section 80C deductions, with current rates ranging from around 6.2% to 8% depending on the bank and tenure. Interest earned is fully taxable, and TDS applies if annual interest exceeds ₹40,000 (₹50,000 for seniors) until March 2025. Consider booking your FD soon to maximize returns and tax benefits before rates change