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  #2  
September 22nd, 2017, 01:23 PM
Super Moderator
 
Join Date: Mar 2012
Re: Tax Saver Fixed Deposit Indian Bank

On your demand I will get details of Indian Bank, IB Tax Saver Scheme and Fixed Deposit services, so that you can go through it.

Here telling you details of fixed deposit and tax saver scheme

Fixed Deposit
Interest Application
Quarterly

Salient Features
A time deposit for a fixed period to earn interest with easy liquidity

Min Amt
Minimum Deposit- Rs.100/-

Max Amt
No Maximum

Min Period
Minimum 7 Days
Minimum amount Rs.1 lakh
Maximum normally 10 years

Other Requirements/Details
Quarterly or even on monthly basis with a discount.
Automatic renewal facility for equal period
Loan / nomination /pre closure facilities available.

IB Tax Saver Scheme
Interest Application
Quarterly

Salient Features
In order to cater to the needs of depositors who wants to avail tax benefit under section 80C of Income Tax Act, this scheme is launched.

Min Amt
Minimum amount Rs.100 or in multiples of Rs.100

Min Period
Minimum 5 years
Maximum 10 years Individuals/HUF having PAN Card can invest upto Rs.1,50,000/- in a financial year

Other Requirements/Details
Specially designed scheme to avail tax rebate under section 80C of income Tax Act
Available under FD/RIP schemes.
No loan / foreclosure allowed upto 5 years

Address:-
Indian Bank
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Phone:-
044 28134300


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