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June 3rd, 2016, 02:59 PM
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Join Date: Mar 2012
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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