Ratnakar Bank Tax Savings fixed deposit Scheme are for those who are looking for tax savings under section 80C and Attractive interest rates.
Save tax on an amount between Rs. 100 to Rs. 1,50,000 in multiples of Rs. 100
Investment period – 5 year minimum & 10 years Maximum.
Nomination facility available.
Partial/pre mature withdrawal is not permitted.
TDS will be applicable as per existing guidelines
.50% Extra Interest for Senior Citizens.
Tax benefits available for the sole holder only in case of joint deposit.
Interest Rates for Regular & Senior Citizens are as follows:
| Period of Deposit | Interest Rates | Interest Rates for Senior Citizen |
| Tax Savings Fixed Deposit (60 months to less than 120 months) |
7.10% | 7.60% |
