#1
6th November 2017, 12:55 PM
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Tax Saver FD SBI
Can I also apply for Tax Savings Scheme of State Bank of India by opening and Fixed Deposit Account, if yes I need to know more?
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#2
6th November 2017, 01:09 PM
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Re: Tax Saver FD SBI
According to me no you cannot apply for State Bank of India Tax Savings Scheme by opening and Fixed Deposit Account and here I will let you know about the scheme. 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. Type of account: Term Deposit (TD) account / Special Term Deposit (STD) account. 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. Premature withdrawal: No term deposit shall be encashed before the expiry of five years from the date of its receipt. 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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