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  #1  
June 20th, 2016, 08:03 AM
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Sbbj tds

Hello sir, I am Ajit. I want you to help me by giving me some information about the State Bank of Bikaner and Jaipur (SBBJ) Tax Saver Term Deposit Scheme (TDS). Can you help me?
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  #2  
June 20th, 2016, 11:03 AM
Super Moderator
 
Join Date: Mar 2012
Re: Sbbj tds

As you have asked about the State Bank of Bikaner and Jaipur (SBBJ) Tax Saver Term Deposit Scheme (TDS), I am giving you information about it, check below for the details
An individual (singly or jointly) of an HUF can invest upto Rs.1.00 lac in a financial year in such deposit product, which will qualify for deduction from income tax for calculation of tax under Section 80-C of Income Tax Act 1961.

Eligible Depositors
Individuals (singly / jointly)
Karta in HUF

Period of Deposit
Only for 60 months

Type of Deposit Accounts
Term Deposit/Special Term Deposit

Mode of Operation
Singly or jointly

Rate of Interest
As applicable to time deposits for five years

Premature withdrawal
Not Permitted

Availability of Loan / OD
Not Available.

A/c opening procedure
Extant procedure for regular deposits, the customer has to compulsorily provide PAN number.

Nomination facility
Available


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