Fixed Deposit for five years in banks is allowed as a tax saving scheme by the government. Find below the top fixed deposit schemes with highest interest rates where money can be invested during the current year. (2012 - 2013). Find below the top five Tax Saving Fixed Deposit schemes available in as on November 2013. 
| Tenure 5 Year and above | 
|---|
 | Bank Name | Interest Rate(%) | What Rs. 10,000 will grow to | 
 | Lakshmi Vilas Bank | 9.50 | 15991 | 
 | City Union Bank | 9.25 | 15797 | 
 | Bank of Baroda | 9.05 | 15643 | 
 | Canara Bank | 9.05 | 15643 | 
 | Bank of India | 9.00 | 15605 | 
Last Updated on : September 24, 2025