Best 80C Tax-Saver FDs

Compare 5-year tax-saver FDs eligible for a Section 80C deduction, ranked by real interest rate.

The Top 10

Methodology

How this list is ranked

This ranks only the specific 5-year tax-saver FD variant each bank or NBFC offers — the one that locks your deposit for exactly 5 years and lets you claim a deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act (old tax regime only). It's a distinct product from that same bank's regular FD, and it can't be withdrawn early like a normal FD.

DICGC insures deposits up to ₹5 lakh per depositor, per bank — this covers scheduled banks and small finance banks, but not NBFC deposits, which carry a credit rating instead of deposit insurance.

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Best 5-year tax saver FD rates (Section 80C)

A tax saver fixed deposit is a five-year deposit whose principal can be claimed as a deduction under Section 80C of the Income Tax Act, up to the annual limit shared with other 80C investments such as PPF and ELSS. It applies only under the old tax regime.

Two things to know before investing: the deposit is locked in for the full five years with no premature withdrawal, and the interest you earn is taxable at your slab rate. This list ranks tax saver FDs by interest rate so you can compare what each bank offers for the same lock-in.

The ranked list, in plain text

  1. Unity Small Finance Bank Fixed Deposit: 8.15% p.a. for More than 3 years to 5 years · senior citizens 8.65% · DICGC insured. Unity Small Finance Bank offers some of the highest fixed deposit interest rates in the country, featuring special short and mid-term tenures with exceptional yields up to 9.50% for senior citizens.
  2. North East Small Finance Bank Fixed Deposit (Slice Small Finance Bank): 8% p.a. for 1112 days to 5 years · senior citizens 8.5% · DICGC insured. North East Small Finance Bank offers premium interest rates on fixed deposits to promote savings in the northeastern region with a special focus on high-yield short to mid-term tenures.
  3. Suryoday Small Finance Bank Fixed Deposit: 7.9% p.a. for 5 Years (Tax Saver) · senior citizens 8.05% · DICGC insured. Suryoday Small Finance Bank offers highly competitive fixed deposit schemes with excellent returns for both short and long tenures, including top yields up to 8.10% for general customers.
  4. Jana Small Finance Bank Fixed Deposit: 7.77% p.a. for Above 3 years to 5 years · senior citizens 8% · DICGC insured. Jana Small Finance Bank offers highly competitive fixed deposit rates with exceptional returns for both short and long tenures including top yields of 8.00% for regular citizens.
  5. Ujjivan Small Finance Bank Fixed Deposit: 7.2% p.a. for 36 months 1 day to 60 months · senior citizens 7.7% · DICGC insured. Ujjivan Small Finance Bank offers highly attractive fixed deposit schemes with excellent returns for various tenures, maximizing wealth creation for regular and senior citizens.
  6. YES Bank Fixed Deposit: 7% p.a. for 36 months 1 day to 60 months · senior citizens 7.75% · DICGC insured. YES Bank provides highly rewarding fixed deposit schemes with flexible tenures and an extra interest rate advantage for senior citizens especially on select durations.
  7. Equitas Small Finance Bank Fixed Deposit (Equitas Bank): 7% p.a. for 4 years 1 day to 5 years · senior citizens 7.5% · DICGC insured. Equitas Small Finance Bank offers rewarding fixed deposit interest rates with high yields up to 8.00% for regular customers and 8.50% for senior citizens, along with special schemes like Maxima FD.
  8. Utkarsh Small Finance Bank Fixed Deposit: 7% p.a. for 4 years to 5 years · senior citizens 7.5% · DICGC insured. Utkarsh Small Finance Bank offers highly competitive fixed deposit schemes with attractive yields on special tenures including the 666 Days scheme.
  9. IDFC FIRST Bank Fixed Deposit: 6.75% p.a. for 3 years 1 day to 5 years · senior citizens 7% · DICGC insured. IDFC FIRST Bank offers attractive fixed deposit interest rates with flexible tenure options and no penalty on premature withdrawals for senior citizens.
  10. IndusInd Bank Fixed Deposit: 6.65% p.a. for Indus Tax Saver Scheme (5 years) · senior citizens 7.15% · DICGC insured. IndusInd Bank offers competitive fixed deposit interest rates with flexible tenure options and special higher rates for senior citizens.

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