PGB Tax saver Fixed deposit

 

 

Salient Features

 

i.Eligibilty: Individuals including illiterate,blind persons and joint account, Hindu Undivided Family (HUF)

 

ii.Amount of Deposit: Minimum deposit of Rs 100/- or Multiples
                                      : Maximum Deposit of Rs 1 Lac per Year

 

iii. Period of Deposit: Minimum of 5 years; Maximum of 10 years

 

iv. Lock in Period: 5 Years

 

v. Payment Option: a) Income option-Interest may be paid on Monthly/Quarterly/Half Yearly/Yearly Basis.

                                     b) Maturity Option-Interest payable on Maturity

 

vi. Rate of Interest: As applicable subject to revision from time to time (Compounded quarterly).

 

vii. Loan/Advances: No Loan Facility for the Lock in Period.

 

viii. Income Tax Rebate: Tax Benefits under Sec 80 C(2)

 

 

 

For more detail, please contact to our nearest branch.