We at Vijaya Bank Branch Network Customer Relations Sitemap FAQs Other Links
Home   Download Forms   Interest Rates on Deposits Interest Rates on Advances    
 
  Text size
   
   
Last Modified : Nov 5, 2007 5:05 PM
Vijaya Tax Savings Scheme
 
 
 
Download Forms -
the term deposit Tax benefit scheme
 
In the light of the Notification issued by the Government of India, treating the bank Term Deposit as an approved form of investment to get qualified for benefits U/s.80C of the Income Tax Act 1961, Vijaya Bank now launches a new term deposit scheme called ‘VIJAYA TAX SAVINGS SCHEME’ effective form 18.8.2006.
 
The highlights of the scheme are as follows :
  • Deposits are accepted for a period of 5 years only
  • Rate of interest is 8.50% p.a. Senior citizens are entitled for an interest rate of 9.00% p.a.
  • Depositor can opt for either cumulative or non-cumulative way of crediting periodical interest.
  • Depositor gets benefit U/s.80C of the Income Tax Act. 1961
  • Minimum deposit is Rs.100 and in multiples thereof
  • Maximum deposit in a Financial Year Rs.1,00,000/- [i.e., 1 st April to 31 st March of the following calendar year]
  • Deposits cannot be withdrawn prematurely
  • Deposits cannot be pledged to secure loan or as security
Register  
 
announcement
We at Vijaya Bank | Branch Network | Customer Relations | Other Links | Site Map | Download Forms | Interest Rates
FAQ | Find a Branch | Deposits | Loans & Advances | NRI Services | Remittance & Collection Facilities | Other Services
© 2006 Vijaya Bank. All rights reserved. Disclaimer
Best viewed with Internet Explorer Ver 5.5 and Ver 6 or Netscape Ver 7.3 and Ver 8 or Firefox Ver 1.5 with a resolution of 800x600.