8/1/2017 Star Sunidhi Tax Deposit

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You are here Retail Retail-Deposit Star Sunidhi Tax Deposit

Capital Gain Tax Saving Scheme Announcement Start | Stop

All customers are requested to

provide GSTIN to their branch
alongwith supporting
documents to claim input
credit.

Annual Report 2017

Star Sunidhi Tax-Saving Deposit Scheme We request our esteemed

customers to urgently have
A Scheme for long term savings investments, with Income Tax Benefits.. their KYC details updated /

Eligible Individuals & HUFs having PAN Numbers

Minimum Deposit Rs.10,000/-

Maximum Deposit Rs.1,50,000/- p.a.

Type of Deposit FDR/MIC/QIC/DBD

Tenure Minimum-5 years

Maximum-Upto & including 10 years

Rate of interest As applicable to our normal domestic term deposits

Premature withdrawal Not Permitted upto 5 years.

Applicability All branches in India

Nomination Facility Available

Advance Facility Not available for a period of 5 years from The Date of Deposit

Other Benefits Tax Exemption u/s 80c of the Income Tax Act
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8/1/2017 Star Sunidhi Tax Deposit
Other Terms and Conditions i. In the case of Joint Accounts,only the first named
Depositor will be eligible for deduction under Section 80c
of the Income Tax Act.
ii. No nomination shall be made in respect of aTerm Deposit
applied for and held by or onbehalf of a Minor.
iii. The Term Deposit shall not be pledged tosecure a loan or
as security to any other advance.
iv. Other terms and conditions as applicable to normal Term
Deposits.

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