IB Tax Saver Scheme

Interest Application

• Quarterly even on monthly basis with a discount or on maturity

Salient Features

• In order to cater to the needs of depositors who wants to avail tax benefit under section 80C of Income Tax Act, this scheme is launched.

Min Amt

• Minimum amount Rs.1000 or in multiples of Rs.100 and Maximum amount Rs.1,50,000/-

Period

Other Requirements/Details

• Specially designed scheme to avail tax rebate under section 80C of Income Tax Act
• Available under FD/MMD schemes.
• No loan / foreclosure allowed
• Senior Citizens are eligible for additional rate of 0.50% p.a.
• Nomination facility available.