SBI Tax Savings Fixed Deposit Account: How It Works, Interest Rates And Other Details

State Bank of India (SBI), the largest lender of the country, offers a type of fixed deposit or term deposit scheme called the SBI Tax Savings Scheme, 2006. Resident Indians as an individual or in the capacity of the Karta of the Hindu Undivided Family, having income tax Permanent Account Number (PAN) are eligible to avail the benefits of this scheme, according to the bank's website -- sbi.co.in. SBI's Tax Savings Scheme offers tax b...