Lakshmi Tax Saver Deposit has some very distinctive features which are customer affordable and an attractive form of investment.
Features
|
Benefits |
This product is the best way to get the highest interest on deposits i.e. 7.40% p.a. |
|
Minimum Amount |
The minimum amount of deposit is Rs 100 |
|
Maximum Amount |
The maximum amount of deposit is up to Rs 1.50 lacs. |
|
Eligibility |
Individual (sole or jointly) |
|
Tenure |
The maximum fixed deposit tenure is 5 years |
|
Interest Payment |
Monthly, Quarterly, Half-yearly or Yearly |
|
Nomination Facility |
Available |
|
Tax Benefit |
Tax benefit available up to a maximum limit of Rs 1.50 lacs under section 80C. |
