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#1
12th June 2015, 09:06 AM
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| Lakshmi Vilas Bank Tax Saver FD
I want to know about the feature of the Tax Saver FD . Will you please tell about the Salient Features of the Tax Saver of FD of the Lakshmi Vilas Bank?
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#2
12th June 2015, 10:22 AM
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| Re: Lakshmi Vilas Bank Tax Saver FD
Lakshmi Vilas Bank Tax Saver Deposit scheme has several unique features It is not only the best way to save taxes but also the only way to get highest rates on deposits. Salient Features of the scheme : Fixed Deposit Tenure of 5 Years Minimum Deposit Amount is Rs.100 /- maximum Amount is Rs.1,50,000/- Deposit account can be opened individually/ jointly. Rates on deposits 8.75% (senior citizen 8.75% p.a) Tax benefit available up to a maximum limit of Rs.1,50,000/- under Sec 80 C. Fixed deposit with interest payment on monthly, quarterly, half yearly or yearly stretch. (or) Cumulative deposit with interest payable along with maturity. Nomination facility also available. Saving schemes of the bank : Savings Bank 301 BSBDA Lakshmi Prime Financial Inclusion Lakshmi Titanium Lakshmi Corporate Salary Lakshmi Savings Gold Lakshmi Savings Star Gold Savings Balance Free Savings Youth Power Financial Inclusion Mahila Power |
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#3
24th November 2015, 12:32 PM
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| Re: Lakshmi Vilas Bank Tax Saver FD
Hii Buddy , I want to know Lakshmi Vilas Bank Tax Saver Fixed Deposit Rates , Will you plz tell me for same ?
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#4
24th November 2015, 12:33 PM
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| Re: Lakshmi Vilas Bank Tax Saver FD
The scheme has several unique features, which are customer friendly and an attractive form of investment. It is not only the best way to save taxes but also the only way to get highest rates on deposits 8.20% (senior citizen 8.20% p.a) with effect from 08.10.2015 • Fixed Deposit Tenure of 5 Years • Minimum Deposit Amount is Rs.100 /- and maximum Amount is Rs.1,50,000/- • Deposit account can be opened individually/ jointly. However the deduction from income under section 80 C of the act shall be available only to the first holder of the deposit. • Fixed deposit with interest payment on monthly, quarterly, half yearly or yearly stretch. (or) Cumulative deposit with interest payable along with maturity. • Tax benefit available up to a maximum limit of Rs.1,50,000/- under Sec 80 C. • Nomination facility available. Bank Fixed Deposit Schemes Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)Maturity Period Deposit Amount INTEREST RATE (% p.a.) General Senior Citizen Tax Saver Deposits - 5 years Upto Rs. 1 lakh 8.20 8.70 Tax Implications: The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable. Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000 a) For domestic deposits - Up to Rs. 10 cr : Maturity Period Deposit Amount INTEREST RATE (% p.a.) General Senior Citizen 7 days to 14 days Up to Rs. 10 cr 5.00 5.00 15 days to 29 days Up to Rs. 10 cr 5.25 5.25 30 days to 45 days Up to Rs. 10 cr 6.00 6.00 46 days to 90 days Up to Rs. 10 cr 7.00 7.00 91 days to 180 days Up to Rs. 10 cr 7.20 7.20 181 days to 270 days Up to Rs. 10 cr 7.50 7.50 271 days to 364 days Up to Rs. 10 cr 7.80 7.80 1 year and above & less than 3 years Up to Rs. 10 cr 8.10 8.60 3 years and above to less than 5 years Up to Rs. 10 cr 8.25 8.75 5 year and above Up to Rs. 10 cr |
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