Tax Saver Deposit
|
Eligibility |
Resident Indians for himself/ herself as an individual or in the capacity of the Karta of the Hindu undivided family, having Income Tax Permanent Account Number (PAN).. |
|
Deposit |
Rs. 1,000/- or multiples thereof. Maximum Deposit: Not exceeding Rs.1,50,000/ in ayear. |
|
Rate of Interest |
Rate of interest as applicable to Bank's TDR / STDR. |
|
Tenure |
Minimum tenor is 5 years and maximum is 10 years |
|
Premature Withdrawal |
No. |
|
Nomination Facility |
Available |
|
Important Terms |
Tax benefits under section 80C of Income Tax Act, 1961.Tenure: Minimum: 5 years - Maximum: 10 years. Premature withdrawal: Not permitted before the expiry of five years from the date of issue. |