Tax Saving Deposit Scheme (Int. Rate 7.75%p.a.)

·        Scheme for individual (Single or Jointly) & for HUF also.

·        TDS exemption available u/s. 80 C of IT Act.

·        Duration for at least 5 years or maximum for 10 yrs.

·        No loans available against this scheme rule.

·        TDS rule wherever applicable.

·        Every deposit in multiple of Rs. 100/-

·        Int. paid monthly, quarterly & yearly.

·        Nomination facility available.

·        Above rates are common for all types of depositors including bank staff i.e., 7.75% p.a.

·        Rate for Senior Citizens is 8.25% p.a.

·        No premature withdrawal allowed.