National Housing Bank (NHB) is a statutory organization that was established on July 9, 1988. It is the apex level financial institution for the housing sector in the country and a wholly owned subsidiary of the Reserve Bank of India.

Tax Saving Term Deposit Scheme

Deposit Amount: Minimum of Rs. 10,000 and higher in multiples thereof up to maximum of Rs. 1,00,000/- per financial year.

Who can deposit: Individuals / HUF

Interest option under the Scheme: Cumulative Interest Option / Non- Cumulative Interest Option.

Tax Benefit under Section 80C – Notified by CBDT published in Extraordinary Gazette of India dated 5th January, 2009 S.O.21 (E).

Nomination: Available


Interest Rates
All Others
Duration of Deposit Interest Rate (%)
60 Months 9.25

For Senior Citizens
Annualised Return (%) Interest Rate (%) Annualised Return (%)
9.58 9.85 10.22