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IB Tax Saver Scheme
Interest Application Quarterly
Salient FeaturesIn 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

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