SBI on-line: Tax saving mounted deposit (FD) is among the most tasty funding device for buyers who’ve low threat urge for food. Like some other Indian financial institution, State Financial institution of India (SBI) additionally provides FD account to financial institution depositors. The most important Indian industrial financial institution additionally provide tax saver FD account with 5 years lock-in interval. It permits depositors to open tax saving FD account utilizing SBI internet banking as nicely. Below Part 80C of the revenue tax act, a financial institution depositor is eligible for claiming revenue tax exemption on one’s funding in financial institution mounted deposits for five years or extra tenor.