Objective
To have a double benefit of interest income and tax benefit
Tax Saver Account
To have a double benefit of interest income and tax benefit
Tenor for the Deposit
5 years
Eligibility
Existing and New Customers of Puducherry Grama Bank
Interest Rate
Rate of interest is subject to bank scheme guidelines, may change from time to time.
Please refer our Interest Rate site / visit our nearest branch.
Please refer our Interest Rate site / visit our nearest branch.
Amount of Deposit
Maximum amount of ₹1.5 Lakh. (Limit -as per Sec 80C of Income Tax Act,1961)
Salient Features
At present, investment up to ₹1,50,000/- is exempted under Section 80C
Available in FDR / RIP scheme
No loan / foreclosure allowed upto 5 years (Lock in period)
Nomination facility available
TDS (Tax Deducted at Source)
The tax on interest shall be deducted in accordance with the provisions of section 194A or section 195 of the Income Tax Act.
Ready to explore this deposit further?
Visit your nearest branch to confirm eligibility, interest details, maturity terms, and the full account opening checklist.
