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SBI tax saver FD scheme

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(Querist)
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?
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CA SURENDRA KUMAR RAKHECHA

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

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Ashish Kr Mishra (Querist)
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?
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Bhaskaran Chackrapani Warrier

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

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