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