Tax Saver Fixed Deposit
Want to save tax? We got you covered. With our Tax Saver Fixed Deposit Plan you can get a tax deduction under Section 80C of the Indian Income Tax Act, 1961. Only Indian resident individual and HUFs are eligible for this type of deposits. It is a lump-sum investment plan on which interest payment is monthly, quaterly or at maturity.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
Customer will claim the benefit through the Fixed Deposit Advice issued by the bank.
Enjoy additional returns for senior citizen (Refer the interest rate card)
Interest Payment Options available- quarterly, monthly pay-outs (At discounted rate) and At maturity
Fast and hassle-free process that can be accessed from anywhere.
Nomination facility available
Income Tax exemption under 80C of Income Tax Act, 1961.
In case of joint deposits, the Tax benefit under 80C will be available only to the first holder of the deposit.
Premature Withdrawal, Partial Withdrawal and Loan & Overdraft facility against Fixed Deposit facility is not available.
You are eligible for a Tax Saver Fixed Deposit Account if you belong to any one of the following categories.
-
Individual Resident of India
For Interest rate on Tax Saver Fixed Deposit, Please click here
| Tax Saver Fixed Deposit | |
| Particulars | Charges |
|---|---|
| Minimum Investment Amount | 1000.00 |
| Maximum Investment Amount | 1,50,000.00* |
| Tenure | 5 Years Lock-in Period |
| Premature Withdrawal Facility | Not Available |
*Or as notified by Government from time to time.
Apply to Tax Saver Fixed Deposit
Loan calculator
|
Interest Rate 8.00% |
Interest Earned 3,50,452 |
|
Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
|
(Indicative interest rates for calculation only. click here for latest rates.) |
|
FAQs
Visit your nearest Utkarsh Small Finance Bank branch to apply for a Tax Saver Fixed Deposit.
You are eligible if you belong to any one of the following categories below:
-
Individual Resident of India
-
Hindu Undivided Families
You need to invest a minimum amount of 1,000 in your Tax Saver Fixed Deposit.
You can invest a maximum amount of 1,50,000 in your Tax Saver Fixed Deposit.
Tax Saver Fixed Deposit will be booked as Non-Callable deposit. Hence, it cannot be prematurely withdrawn.
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