Features & Benefits of Tax Saver Fixed Deposits
Tax Exemption:
Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961.
Tax Exemption:
Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961.
Interest Pay-Out:
Avail flexible interest pay-out options- Monthly, Quarterly or Cumulative.
Interest Pay-Out:
Avail flexible interest pay-out options- Monthly, Quarterly or Cumulative.
Minimum & Maximum Deposits
Minimum INR 5000 and Maximum of INR 1,50,000 for a 5-year lock-in-period.
Minimum & Maximum Deposits
Minimum INR 5000 and Maximum of INR 1,50,000 for a 5-year lock-in-period.
Simply More for Senior Citizen:
Doorstep Fulfilment along with additional interest of 0.50%.
Simply More for Senior Citizen:
Doorstep Fulfilment along with additional interest of 0.50%.

 

Note:

1. As per the Term Deposit Scheme, 2006 issued by the Central Government of India, premature withdrawal, partial withdrawal and Loan & Overdraft facility against Tax Saver Fixed Deposit is not permitted.

2. In the case of joint deposits, the tax benefit will be applicable to the primary or first holder of the deposit.