SBI Tax Saving Fixed Deposit (FD): Interest Rate, Lock-In Period, Key Features

Resident Indians as an individual or in the capacity of the Karta of the Hindu Undivided Family (HUF) are eligible to invest in this scheme, according to SBI. Also, applicants need to have a Permanent Account Number (PAN) to invest in this scheme. The names, mode of operation and home branch of newly generated tax saving deposit account is same as in debit account, from which fixed deposit account is funded. However, in case of jo...