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>> Bharat Tax Saving FD

Bharat Daily Deposit

Senior Citizens Deposit Scheme

 

Bharat Tax Saving Fixed Deposits


Minimum investment : ₹1,000

Maximum investment : ₹1,50,000

Duration : 5 years

 

Interest accrued/paid on Fixed Deposit will be compounded at Calendar quarters or on maturity.

Tax on interest shall be deducted in accordance with the provisions of Section 194A or Section 195 of the Income Tax Act, 1961.

Premature withdrawal, Loan against Fixed Deposit and Auto-renewal facility is not available.

* Tax Benefit of Rs.46,800/- is calculated considering that the income is chargeable to tax at the highest slab at 31.20% and the investment in the tax saver FD of Rs.1,50,000/- u/s 80C of Income tax Act. Depositors can consult with tax advisors before investing. Interest is subject to the Tax Deducted at Source as per income tax act. (Maturity Amount will change due to TDS, if any).

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