Note: Incase of joint account exemption under section 80C is available only to first A/c holder of the deposit.
Minimum amount Rs1,000/-
Maximum amount Rs1,50,000/-
At present interest rate is 5.65% & as may be advised from time to time.
0.50% PRI is applicable for Senior Citizen. (not applicable in case of Kartha of HUF)
Monthly (discounted) or Quarterly on Fixed Deposits Or Non cumulative (TDR) Compounded Quarterly on Kamadhenu Deposits or cumulative (STDR)
TDS Exemption under Section 80C of the Income Tax Act 1961.
Tax is deductible on interest paid/accrued as per TDS provisions applicable from time to time.
“I am/We are aware that this deposit is made U/s 80C of I T Act 1961 and this deposit cannot be closed before maturity/ pledged for taking VSL / pledged as collateral security to any other loan of the Bank”
This deposit is made U/s 80C of the IT Act, 1961.
This deposit is not payable before maturity & cannot be offered as collateral security to any loans nor loans against deposits can be availed.