Hello, here I am providing you the details of the tax saving fixed deposit scheme in SBBJ as under:

About the scheme:
An individual (singly or jointly) or Karta 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.

Documents required
Secondary School Leaving Certificate indicating date of birth.
LIC policy, Voters Identity Card, Pension Payment Order, Passport
Any other document acceptable to the bank.

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 (provided that in case of joint holder type deposit, the deduction from income under section 80C of the act shall be available only to the first holder of the deposit).

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.