#1
June 3rd, 2016, 02:32 PM
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State Bank Of Hyderabad Tax Saver
I want to get the details regarding the Tax Saver Scheme of State Bank of Hyderabad (SBH) so can you provide me?
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#2
June 3rd, 2016, 02:59 PM
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Re: State Bank Of Hyderabad Tax Saver
State Bank of Hyderabad (SBH) is a nationalized bank in India, with headquarters at Hyderabad, Telangana. It was established in 1941. It is one of the five associate banks of State Bank of India. The Bank's head office is situated at Gunfoundry Area, Hyderabad, India SBH Tax Saver Scheme Save your tax on investment of amount upto `1.50 lacs, under deduction of income u/s 80 C and earn attractive returns on your savings. Features - Min Maturity period of the Term Deposit shall be 5 Years. Maximum limit of amount of deposit is `1.50 lacs in a financial year, which will be eligible for deduction under section 80C of IT ACT All Income Tax Payers having Permanent Account Number (PAN) is eligible to save under this scheme The account can be opened either under Fixed Deposit option or Special Term Deposit Account Scheme Loan facility and premature withdrawal are not permissible under this scheme Minimum Period of Deposit 5 years - 5 years to less than 10 years Rate of Interest (w.e.f. 20-11-2015 )- 7.50 % p.a The deposits up to ` 1.50 lac for a tenure of 5 years and above, will qualify for tax-benefit, under Sec. 80C of Income Tax Act. However, premature withdrawals are not allowed on the deposits, up to 5 years. Customer Care- For help with this site and forms or Customer Information contact Email : mysbh@sbhyd.co.in 24*7 Help line Number : 18004251825 Phone : Open only on working days from 8:00 a.m. to 8:00 p.m. and from 8:00 am to 4:00 pm on Saturday 18004254055 For SMS type ‘Help’ and send to 9000222444 |
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