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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:

  1. Interest payout option of monthly, quarterly, half yearly and yearly available.
  2. Fixed deposits accepted for minimum of Rs. 1,000/- and a maximum of Rs. 1,50,000/-
  3. Nomination facility available.
  4. Attractive interest rates
Note: Tax Saver Fixed Deposits are not eligible for premature withdrawal, loan against fixed deposit and Auto Renewal facility.

Eligibility:

You need to be a Resident Indian for investing in Tax Saver Fixed Deposit.

 

>> Link to view the terms & conditions

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