NSC vs SBI 5-Year Bank Fixed Deposits (FDs): Tax Saving Investment Compared
Zee Media Bureau
| Apr 14, 2023, 13:27 PM IST
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National Saving Certificate (NSC) vs State Bank of India (SBI) Five Year FD
![National Saving Certificate (NSC) vs State Bank of India (SBI) Five Year FD National Saving Certificate (NSC) vs State Bank of India (SBI) Five Year FD](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183625-untitled-design-2023-04-14t124336.173.jpg)
The list of specified investment products in Section 80C of the Income Tax Act allows for tax savings of up to Rs 1.5 lakh every fiscal year. They include tax-saving fixed deposits (FDs) with banks or the post office, pension plans, Equity Linked Savings Scheme (ELSS), life insurance to debt-oriented products like National Savings Certificates (NSC), Provident Fund (PF), and FDs with banks or the post office.
NSCs and tax-saving FDs both have a five-year lock-in period, so those with shorter time horizons may want to take these into consideration.
Here is a comparison of how well NSCs and SBI tax-saving FDs fare as tax-saving investments.
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National Saving Certificate (NSC)
![National Saving Certificate (NSC) National Saving Certificate (NSC)](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183622-untitled-design-2023-04-14t124058.968.jpg)
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National Saving Certificate's Latest Interest Rate 2023
![National Saving Certificate's Latest Interest Rate 2023 National Saving Certificate's Latest Interest Rate 2023](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183620-untitled-design-2023-04-14t123807.912.jpg)
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Minimum Amount Required To Open National Saving Certificate Account
![Minimum Amount Required To Open National Saving Certificate Account Minimum Amount Required To Open National Saving Certificate Account](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183618-untitled-design-2023-04-14t123615.105.jpg)
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National Saving Certificate (NSC) Interest Payout
![National Saving Certificate (NSC) Interest Payout National Saving Certificate (NSC) Interest Payout](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183603-untitled-design-2023-04-14t122305.795.jpg)
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Tax-Savings Fixed Deposits (FDs)
![Tax-Savings Fixed Deposits (FDs) Tax-Savings Fixed Deposits (FDs)](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183599-untitled-design-2023-04-14t121710.551.jpg)
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SBI 5-Year Bank FD Latest Interest Rates
![SBI 5-Year Bank FD Latest Interest Rates SBI 5-Year Bank FD Latest Interest Rates](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183598-untitled-design-2023-04-14t121446.819.jpg)
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SBI Tax Savings FD
![SBI Tax Savings FD SBI Tax Savings FD](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183593-untitled-design-2023-04-14t120948.497.jpg)
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SBI Tax Saving FD Interest Payout
![SBI Tax Saving FD Interest Payout SBI Tax Saving FD Interest Payout](https://english.cdn.zeenews.com/sites/default/files/2023/04/14/1183583-untitled-design-2023-04-14t120328.167.jpg)