Star Sunidhi Tax-Saving Deposit Scheme is a type of long-term savings investment that comes with the benefits of Income tax. To know more about this scheme you can go through the features listed below:
Features
|
Eligibility |
· Individuals · Hindu Undivided Family with PAN card number. |
|
Minimum Deposit |
The minimum amount of deposit is Rs 10,000 |
|
Maximum Deposit |
The maximum amount of deposit is Rs 1,50,000 per financial year. |
|
Type of Deposit |
FDR/MIC/QIC/DBD |
|
Tenure |
The minimum time period is 5 years and the maximum time period is up to 10 years. |
|
Premature Withdrawal |
Premature withdrawal is not permitted up to 5 years |
|
Applicability |
This scheme is applicable in all the branches in India. |
|
Nomination Facility |
Available |
|
TDS |
Not applicable under the section 80C of the Income Tax Act |
Terms and Conditions
- In case of Joint Account the first depositor is allowed for deduction of tax under the section 80C as per Income Tax
- There are no nomination facility in respect of a Term Deposit held or applied by a minor or in behalf of a minor.
Schemes Related to Bank of India
Bank of India Capital Gains Tax Saving Scheme
Bank of India Star Flexi-Recurring Deposit Scheme
Bank of India Quarterly/Monthly Term Deposit Scheme
Bank of India Double Benefit Term Deposit Scheme
BOI Star Yuva Account
Bank of India Saving Bank Ordinary Account
