Tuesday, 15 October 2013

Top five tax-saving FDs

Tenure :5 years and above

Interest rate(%) rate(%) 
What  Rs.10,000 will grow to
Lakshmi Vilash Bank
9.50
15,991
Tamilnad Mercantile Bank
9.50
15,991
City Union Bank
9.25
15,797
Bank of Baroda
9.05
15,643
Axis Bank
9.00
15,605

Your EMI for a Loan of Rs.11 Lakh
TENURE
5YEARS
10 YEARS
15 YEARS
20 YEARS
25 YEARS
@ 8%
2,028
1213
956
836
772
@ 10%
2,125
1,322
1,075
965
909
@12%
2,224
1,435
1,200
1,101
1,053
@15%
2,379
1,613
1,400
1,317
1,281

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