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Tax Saver Deposits

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Gramin Tax Saver Deposits

- Reap the dual benefits of tax savings and higher earnings
Concerned that taxes are eating away your savings? Gramin Tax Saver Deposit is the solution. A tax savings scheme that offers very attractive returns as well.

Features & Benefits

  • Tenure of deposit - 5 Years.
  • Investment upto Rs.1,50,000/- can be made deductible from Income u/s 80C of the I.T. Act 1961.
  • Nomination facility is available.
  • Not accepted as security/collateral security for granting loan facilities.
  • pre-mature closure is not allowed.
  • TDS applicable as per the extant IT guidelines.

Who can Open?

  • Individuals
  • HUF

How to Open?

  • Fixed deposits can be opened by visiting your MGB branch.

Interest Rates & Charges

  • For Deposit interest rates click here

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