Term Deposit Accounts
Tax Saver Fixed Deposit
New India Co-Operative Bank Limited offers you the perfect way to reduce your tax and increase your earnings while reducing your tax burden. Investments up to 1.50 lakh for duration of 5 years (i.e.60 months) are exempted under section 80C of the Income Tax Act.
Features:
- Interest payout option of monthly, quarterly, half yearly and yearly available.
- Fixed deposits accepted for minimum of Rs. 1,000/- and a maximum of Rs. 1,50,000/-
- Nomination facility available.
- Attractive interest rates
Eligibility:
You need to be a Resident Indian for investing in Tax Saver Fixed Deposit.
Documentation Required