Under the Section 80 C RBL comes up with a particular type of Fixed Deposit “Tax Saving Fixed Deposit” that gives you the opportunity for a flexible and secured fixed deposit scheme with dual benefits of exemption along with alluring returns.
Features
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Benefits |
Tax Saving Fixed Deposit grants you to enjoy attractive interest rates. |
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Tax Saving |
One of the fundamental feature of Tax Saving Fixed Deposit scheme is that it saves tax on an amount between Rs 100 to Rs 1,50.000 in multiples of Rs 100. |
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Tenure |
Minimum 5 years to a maximum of 10 years. |
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TDS |
· Applicable as per the guidelines. · The interest rates for tax saving TDS are applicable as per the prevailing interest rates. |
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Nomination Facility |
Available |
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Partial/Pre-mature Withdrawal |
Any kinds of partial or pre-matured withdrawal are not allowed in this deposit scheme. |
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Additional Factor |
If you open a joint deposit account with RBL bank under this scheme then the tax benefit under 80 C will be available only to the first account holder of the deposit account. |
