Tax Saver Fixed Deposits
Saving for the long term has more than one benefit. While it ensures financial security at the time of maturity of the deposit, It also earns sizeable amount of interest. The Tax Saver Fixed Deposit provides an additional advantage of tax concession based on your deposit.
What’s more! You can also opt to receive the interest on a monthly or quarterly basis to provide you with some extra money to spend. Saving for the long term, after all, has its benefits!
Features
Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961
Minimum amount of ₹1000 and maximum of ₹1,50,000 in a FY for a 5-year lock-in-period
Only Indian residents and members of Hindu undivided family (HUF) are eligible
Interest payment options – quarterly, monthly (at a discounted rate) and at maturity
Tax Saver Fixed Deposit is available for resident individuals and HUF only.
To view interest rates, click here.
NOTE : 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.
Features
Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961
Minimum amount of ₹1000 and maximum of ₹1,50,000 in a FY for a 5-year lock-in-period
Only Indian residents and members of Hindu undivided family (HUF) are eligible
Interest payment options – quarterly, monthly (at a discounted rate) and at maturity
Tax Saver Fixed Deposit is available for resident individuals and HUF only.
To view interest rates, click here.
NOTE : 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.
Maximize your savings! Save on taxes and earn up to 9.00%* p.a. on our Fixed Deposits!
Book Tax Saver FD Online