#1
27th November 2017, 01:29 PM
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State Bank Of India Schemes
I required some information about TAX Savings Scheme, 2006 of State Bank of India for that I required your kind assistance?
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#2
27th November 2017, 02:24 PM
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Re: State Bank Of India Schemes
No need to worry I will let you know more about State Bank of India TAX Savings Scheme, 2006 so that you can go through it. Eligibility Resident Indians for himself/ herself as an individual or in the capacity of the Karta of the Hindu undivided family, having Income tax Permanent Account Number (PAN). Minimum Deposit: Rs. 1,000/- or multiples thereof. Maximum Deposit: Not exceeding Rs. 1,50,000/- in a year Rate of Interest: As applicable to Term Deposits Premature withdrawal: No term deposit shall be encashed before the expiry of five years from the date of its receipt. Loan facility : Not available. The TD/STD shall not be pledged to secure loan or as security to any other asset. Nomination facility available. Most Important Terms & Conditions Tax benefits under section 80C of Income Tax Act, 1961. Tenure: Minimum: 5 years - Maximum: 10 years. Premature withdrawal: Not permitted before the expiry of five years from the date of issue. Address:- State Bank of India 18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange Phone:- +(91)-80-26599990 18004253800,1800112211 |
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