Loss of Card
How to use
Non- Axis Bank
Bank Tie Ups
By Banking Channel
Save on your taxes and enjoy benefits with this 5-year fixed deposit
Minimum - Rs. 100
Maximum - Rs. 1,50,000
5 year lock-in period
Pick between Tax Saving - Reinvestment Deposit or Tax Saving - Quarterly Interest Payout or Tax Saving – Monthly Interest Payout
Features and Benefits
Eligibility and Documentation
How to Apply
The provision of Section 80C of IT Act, 1961 whereby a deduction of upto Rs. 150,000 is allowed while computing total income of an individual or HUF in respect of the life insurance premium, contribution to Provident Fund etc. has been amended to include fixed deposit with a scheduled bank of a period of not less than five years. Accordingly, an individual or HUF shall now be entitled to deduction of upto Rs. 150,000 in case he makes a fixed deposit of the period of five years or more. This exemption shall be part of the Rs. 150,000 exemption presently available in respect of life insurance premium, contribution to PF etc.
Choose between a quarterly compounding/reinvestment of interest scheme, quarterly payout of interest scheme and Monthly payout interest scheme to the designated account of the depositor
*For all new Reinvestment Term Deposits to be opened on and after 1st August, 2013 and all existing Reinvestment Term Deposits that may be renewed on and after 1st August, 2013, interest reinvested would be net of TDS and hence the maturity value would vary to that extent.
Fixed Deposit Plus
Encash 24 (Flexi Deposit)
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