FD interest rate up to 8.6% for general citizens for 5 year tenure; Invest now to save income tax for FY 2024-25

Fixed deposit: There are banks who are offering up to 8.6% interest rate on fixed deposits (FD) worth less than Rs 3 crore for general citizens for five year tenure. If you are under the old tax regime then you can choose to invest in such FD and get Section 80C tax deduction of up to Rs 1.5 lakh in FY 2024-25.