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IB Tax Saver Scheme

IB Tax Saver Schemes Details

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

  • 5 years

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.
(Last modified on:May 21, 2026 at 09:24:11 am)