VIKAS TAX ULITAYA
Tax Saving
Fixed Deposit

Investment in these term deposits will be eligible for the purpose of tax benefit under Sec. 80(C), subject to the overall ceiling of Rs.1.5 lakh.

  • Eligibility: Individuals/HUF eligible to open an account with the Bank
  • Minimum Deposit: Rs.100/- and multiples thereof up to a maximum of Rs.1.5 lakh in a year
  • Tenure Minimum of 5 years.
  • Term Deposits under this scheme are not eligible for pledge to secure loan or as security to any other asset, LD/ODD shall not be available to the depositors on the deposits.
  • No premature withdrawal